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New Betterment “Two-Way Sweep” Feature Would Boost Yield on Client Cash

By Michael Thrasher

Betterment is rolling out a feature to help investors earn more interest on cash and it could prove lucrative for the robo advisor, if the company’s estimates and predictions hold up.

The new “Two-Way Sweep” feature uses an algorithm to automatically analyze and move excess cash to and from an investor’s checking account and Betterment’s Smart Saver account.

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

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This article originally published December 4th, 2018 on