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Are individual Cash Reserve accounts covered by FDIC insurance?

Published | Updated

Yes. Any cash in Cash Reserve is covered up to $2 million  in FDIC insurance once deposited into our program banks, subject to certain conditions. Read more about special considerations here. Betterment is not a bank.

Cash Reserve offered by Betterment LLC and requires a Betterment Securities brokerage account. Betterment is not a bank. FDIC insurance provided by Program Banks, subject to certain conditions. Learn more.