What are Betterment's cash management products?

Betterment provides you with cash management solutions that helps you spend and save confidently.

Cash Reserve: A Cash Account

  • A cash account
  • Earn a variable rate of 3.75% APY*
  • For individual Cash Reserve: FDIC insurance covers up to $1,000,000 at our program banks
  • For joint Cash Reserve: FDIC insurance covers up to $2,000,000 at our program banks†
  • Access your cash in 1-2 business days
  • No limits on withdrawals
  • No minimum balance
  • No fees on your balance

Cash Reserve is only available to clients of Betterment LLC, which is not a bank, and cash transfers to program banks are conducted through the clients’ brokerage accounts at Betterment Securities. For Cash Reserve (“CR”), Betterment LLC only receives compensation from our program banks; Betterment LLC and Betterment Securities do not charge fees on your CR balance.


  • ATM fees are reimbursed worldwide‡
  • No minimum balance
  • No overdraft fees
  • No maintenance fees
  • Eligible for up to $250,000 of FDIC insurance per depositor through nbkc bank, Member FDIC

Checking accounts and the Betterment Visa® Debit Card provided and issued by nbkc bank, Member FDIC.