What accounts can I open with Betterment?

To create an additional account, click “Add New” from the menu after logging in from a web browser. Or, on the mobile app, log in and click on "Add goal/account."

There you’ll find a list of available account types to choose from. There are no minimum balance requirements for additional accounts.

Betterment supports the following account types:

  • Roth IRA
  • Traditional IRA
  • SEP IRA (single participant only)
  • Inherited IRA
  • Individual taxable accounts
  • Joint taxable accounts with rights of survivorship
  • 529 accounts
    • Only available through employers who use Betterment at Work for bundled 401(k) benefits.
  • Trust accounts
    • Note that you must log in from a web browser, not the mobile app, to open a trust.
  • Cash Reserve - a cash account
    • You can also hold funds for specific goals in cash held in Cash Reserve.
  • Checking account provided by nbkc bank, Member FDIC.

Betterment does not support the following account types:

  • Custodial or minor accounts
  • Solo 401(k)s (for more information about our 401(k) plans, see Betterment for Business)
  • Self-directed accounts (you cannot select your own funds or specific stocks)

All customers must be at least 18 years of age in order to consent to all our agreements.

See Betterment's approach to setting up goals and accounts.