SMART SAVER:
A SAVINGS ACCOUNT ALTERNATIVE

Many of us hold too much cash in our bank accounts. It’s just sitting there, possibly earning you next-to-nothing. With Smart Saver, you could earn a 2.23% annual yield.*

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Bar graph showing that the Smart Saver yield is much higher than the national average for a savings bank

You deserve a higher savings account yield.

Many banks' savings accounts yield next to nothing.

A low-risk investing account for cash.

We built Smart Saver to keep up with bond yields, which our platform automatically tracks to help you make the most of your money.

Invested in U.S. government bonds, not FDIC-insured.

We put 80% of your money with U.S. Treasuries and 20% with low-volatility corporate bonds. (If short-term Treasury bills aren’t a stable place for your money, we're not sure what is.)

Built-in Cash Analysis

Learn to keep a smart level of cash in your checking.

Smart Saver's yield is just the start. We've built a cash analysis tool to help you see if you’re holding cash in your checking account that could be earning more.

Start your analysis
Automate your wallet

Why check your balance? Smart Saver has Two-Way Sweep.

Having extra cash is a nice problem to have, but moving that money can be a hassle. We built Two-Way Sweep to make it easy. Help avoid overdrafts and keep your checking account at a desired level. We’ll notify you each time we’re about to sweep your money—just in case you want to cancel and keep your cash where it is.

Learn how it works
Pay less in taxes

Bank interest is taxed. Smart Saver has tax advantages.

When you put your cash in federal government bonds, the money you earn isn’t taxable by states or cities. That means your Smart Saver earnings are partially tax-advantaged.

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Pay one low annual fee of 0.25%.

Smart Saver has no separate cost; just Betterment's low, transparent fee (already factored into Smart Saver’s yield). It applies to any of your money, including Smart Saver and any investing goals you set up.

Move your money with ease.

You can always manually move your cash between Smart Saver and your checking account. Transfers take 4-5 business days and there are no penalties for withdrawals, unlike CDs.

Save your cash to start funding your goals.

When you let Smart Saver help you save, you'll have the money you need to start funding your goals. We'll guide you in setting up your financial goals and how to invest for each.

Dig into the details

How do we make Smart Saver so smart?

Smart Saver Gets Smarter with Cash Analysis

Cash analysis is Betterment’s tool for helping you decide how much extra cash you have to move into Smart Saver.

Understanding Two-Way Sweep: Automating Cash Management

Our newest automation aims to help make cash management easier, by seamlessly moving your extra cash from your linked checking account to Smart Saver—and back when you need it.

Smart Saver: A Low-Risk Account for Extra Cash

Providing a clearer answer for what to do with extra cash sitting in your checking and savings accounts: Smart Saver.

Put your extra cash to work with Smart Saver.

Start saving

* 2.23% yield is the asset-weighted blend of the 30 Day SEC Yield as of Feb. 1, 2019 (a standardized calculation that reflects the dividends and interest earned after deduction of the fund’s expenses) of the ETFs that comprise this portfolio net of Betterment’s management fee (0.25% for its Digital plan). The ETFs were chosen with an aim to limit risk and produce income. Yield is an important number in evaluating a low-risk, all-bond portfolio, but is distinct from actual investment returns, which may vary.

20X the average savings account is calculated by taking the FDIC’s national average savings account interest rate for deposits under $100,000 of 0.09% (based on data available as of Feb. 1, 2019) compared to 2.23%, the expected yield of a Betterment Smart Saver portfolio. See more details about Smart Saver.

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