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Is a joint Cash Reserve account covered by FDIC insurance?

Published | Updated

Yes. A joint Cash Reserve account offers up to $4 million in FDIC insurance once funds are deposited into our program banks.

This is separate from any cash held in an individual Cash Reserve account, which offers up to $2 million in FDIC insurance once deposited into our program banks. Learn more about special considerations.

FDIC insurance is subject to certain conditions. 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.