Q3 2024 Boost for New Advised Clients with Cash Reserve

 Terms & Conditions for Advised Clients with Cash Reserve to receive a 0.50% boost through September 30, 2024.

Through the Betterment for Advisors program, an Advisor (“Advisor” or “you”)  can invite clients (“advised clients”) to sign up for a Betterment Cash Reserve account in order to qualify for a promotional APY (Annual Percentage Yield) Boost.

Advised clients qualify for an APY boost on their funds in Cash Reserve as follows: for any (1) new advised clients (i.e., the advised client does not have any existing Betterment accounts) and (2) existing advised clients who do not have any existing Betterment Cash Reserve accounts, and open an individual, joint or trust Cash Reserve account, and complete a deposit (minimum of $10) into the Cash Reserve account by September 30, 2024 (a “Qualifying Deposit”), inclusive of the required settlement time (typically 2-3 business days).

If your advised client makes a Qualifying Deposit into the new Cash Reserve account, your advised client’s Cash Reserve rate will be increased by 0.50% on top of the current standard Cash Reserve rate (“promotional rate”) for 92 days starting on or after the date your advised client’s initial deposit settles to their Cash Reserve account (the “promotional period”). 

(3) Additionally, from the period of July 1, 2024 through September 30, 2024, if you are an eligible Advisor and your advised clients collectively complete settled net deposits greater than $5 million in aggregate into Betterment investing accounts (inclusive of securities, Cash Reserve, and crypto), all remaining advised clients of yours who are not otherwise receiving an APY Boost under this promotion, as of September 30, 2024 will qualify for a APY Boost at the promotional rate for a period of 92 days starting on or after October 1, 2024.

Only one APY Boost can be applied to increase your advised client’s Cash Reserve rate (i.e., your advised client’s Cash Reserve interest rate can never exceed the current standard rate plus 0.50%, and if your advised client receives an APY Boost through this promotion by making a Qualifying Deposit, they are not be eligible for an additional APY Boost if your advised clients collectively surpasses $5 million in completed settled net deposits in the quarter). 

The Cash Reserve Rate is currently 5.00% but is subject to change, including during the promotional period. For example, if the standard Cash Reserve Rate decreases during the promotional period, your client’s promotional rate will also decrease. Please note that the Cash Reserve APY is variable and only applies to Cash Reserve accounts or goals set to hold cash, not investments. At the end of the promotional period, your client’s interest rate will return to the standard Cash Reserve rate at that time. If your client elects to exclude Cash Reserve deposits from one or more participating Program Banks, Betterment is unable to guarantee your client will receive the promotional rate regardless of whether your client has made a Qualifying Deposit.

This promotion is not valid with any other offers (and, for the avoidance of doubt, may not overlap with any other Cash Reserve promotional rate offers), and it is non-transferable. In particular, this offer is only available to eligible Advisors (and their advised clients) associated with the eligible Advisor’s email address who receives this promotional offer. 

Offer available to U.S. Residents only. Betterment reserves the right to terminate this offer at any time, to limit account bonuses your clients are eligible to receive, and to refuse or recover any promotion award if Betterment determines that it was obtained under wrongful or fraudulent circumstances, that inaccurate or incomplete information was provided in opening the account, or that any terms of the Betterment Advisor and Advised Client Agreements have been violated.