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Not a Betterment customer? Open and fund a Betterment Cash Reserve account. Afterwards, refer a friend and boost both your rates.  Get started

Current customers Refer a friend, you both earn more

Invite a friend and you both earn rewards based on your own qualifying accounts: a $150 investing bonus, a boosted rate of 4.00% variable APY boost on Cash Reserve balances up to $1M for three months—or both!

Invite a friend

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.

Annual percentage yield (variable) is 3.25% as of 12/12/25, plus a 0.75% boost (“APY Boost”) on balances up to $1M with a qualifying deposit by referral recipient. $10 min deposit for base APY, $100 min deposit for individual investing bonus. Terms apply; if the base APY changes, the Boosted APY will change.

How it works

Step 1 Join Betterment, then open and fund a qualifying account.

Step 2 Get your personal referral link from the rewards center and share with a friend

Step 3 Once they open and fund using your link, you'll both get a $150 investing bonus and a 0.75% APY boost on Cash Reserve balances up to $1M for three months!

Invite a friend
Refer more-1Refer more, earn more. Invite up to five friends per calendar year for max rewards. up to 750 dollars in investing bonuses, and 6 months of rate boost

Invest Automated investing, optimized for the long-term.

We manage your money for you—putting our technology behind every dollar you invest—so you can focus on living your life.
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    Ongoing optimization

    Invest across global markets and asset classes to better build wealth through market cycles. Investors in our Core portfolio earned 10% annual returns on average over the last 10 years.
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    Save more in taxes

    We use tax-loss harvesting to help turn market dips into tax savings. In fact, nearly 70% of customers using tax-loss harvesting covered their taxable advisory fees through estimated tax savings.
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    Build wealth with ease

    Choose one of our expert-built portfolios with all the trading, rebalancing, reinvesting, and tax management done for you.

Cash Boost your savings with a high-yield cash account.

Don’t let traditional savings accounts keep your money from growing. Whether saving for an emergency fund or a big goal, our high-yield cash account is 10x the national average. 
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    No hidden fee(s)

    Forget any monthly or maintenance costs—what you earn is what you keep.
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    $8M FDIC insurance

    Eligible cash is FDIC insured up to $8 million (joint) or $4 million (individual) at our program banks, subject to certain conditions. That's 16x what most firms offer.
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    Move money with ease

    Easily transfer cash to your investing account, set up recurring savings, and withdraw funds anytime you need.
Betterment primarily earns revenue through management fees (AUM-based or flat monthly fees), compensation from program banks on cash, securities lending activities, and payment for order flow. Learn more.

Invite your friend to join the 1M+ customers who trust us with $70B+ of their money.

Invite a friend

Our Program Banks

Bank Hapoalim, B.M.1
Barclays Bank Delaware1
CIBC Bank USA1
Cross River Bank
Encore Bank 1
First Internet Bank of Indiana 1
First Merchant Bank1
First Western Trust Bank1
Forbright Bank 1
HSBC Bank USA, N.A.1
Lake Forest Bank & Trust Company, N.A.1
Morgan Stanley Bank, N.A.1
Morgan Stanley Private Bank, National Association1
NexBank1
Northbrook Bank and Trust Company, N.A.1
State Bank of the Lakes, N.A. 1
State Street Bank and Trust Company1
The Bancorp Bank2
Truist Bank1
Webster Bank, N.A.1
Wells Fargo Bank, N.A.1 2
Western Alliance Bank1
Wheaton Bank and Trust, N.A. 1
Apple Bank1
Northern Bank & Trust Company1
First Carolina Bank 1
List last updated Oct. 24, 2025. FDIC insurance provided by Program Banks, subject to certain conditions. Up to $8M (jt.)/$4M (ind.) applies to eligible cash. Electing to exclude one or more Program Bank from receiving deposits may lower the amount of FDIC insurance available.