Betterment to put idle money to work by automating cash management

By Ethan Wolff-Mann

But this week Betterment put forth a new solution: a tool called “two-way sweep” that would automatically balance funds between checking accounts and Betterment’s low-risk, high-yield product, Smart Saver, which is 80% Treasuries and 20% high-grade corporate bonds.

Note: As of July 2019, Smart Saver was replaced with Betterment Everyday™ Savings, a high-yield savings vehicle. Click here to learn more.

This article originally published December 4th, 2018 on Yahoo! Finance