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.*Start an account
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.)
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
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.Read more
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.
* 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.