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What accounts can I open with Betterment?

Published | Updated

Available Account Types:

  • Roth IRA
  • Traditional IRA
  • SEP IRA (single participant only)
  • Inherited IRA (contact us to set up)
  • Individual taxable accounts
  • Joint taxable accounts with rights of survivorship
  • 529 accounts (only available through select employers who use Betterment at Work)
  • Student Loan Management accounts (only available through select employers who use Betterment at Work)
  • Trust accounts (log in from a web browser to open)
  • Cash Reserve (a cash account; funds for specific goals can be held here)
  • Checking account provided by nbkc bank, Member FDIC.

Account Types Not Supported:

  • Custodial or minor accounts
  • Solo 401(k)s (see Betterment at Work for available 401(k) plans)
  • Self-directed accounts (no option to select own funds or specific stocks)

Note: All customers must be at least 18 years old to consent to our agreements.

For more information, refer to Betterment's approach to setting up goals and accounts.

To open a new goal:

Web Browser:

  1. After logging in, click “Add New” from the menu.
  2. Choose from the available account types.

Mobile App:

  1. Log in.
  2. Scroll down on the home page and tap "Add account."
  3. Choose from the available account types.