Betterment Cash Reserve Review
Betterment Cash Reserve is offered by Betterment LLC,
a financial services company
founded in 2008 and based in New York, NY.
Betterment Cash Reserve is available in
50 states (and Washington, DC).
Are savings accounts from Betterment LLC federally insured?
Yes, your Betterment LLC savings accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
Does Betterment LLC offer a signup bonus?
Betterment Cash Reserve doesn't offer a signup bonus.
What is the minimum balance for Betterment Cash Reserve?
The minimum balance to open a Betterment Cash Reserve is $10.
Betterment Cash Reserve Account Minimums
|APY Minimum Balance
|Minimum Initial Deposit
|Minimum Combined Balance to Avoid Monthly Fee
|Minimum Required Balance
|Minimum Direct Deposit to Avoid Monthly Fee
|Minimum Balance to Avoid Monthly Fee
What APY does Betterment LLC offer?
Betterment Cash Reserve offers an APY of 0.4% (APY stands for annual percentage yield, rates may change).
What features and perks does Betterment Cash Reserve offer?
This account includes the following features:
- Automatic savings - Set up an automatic transfer from your checking account to a savings account and you'll never have to second-guess your saving decisions again.
- ATM reimbursement - This account will reimburse you for the ATM fees charged by other networks. Typically there is a limit to how much you can claim for these costs, so check the fine print if you plan to make multiple withdrawals within one month.
Betterment Cash Reserve Features
|Bank Account Features
- ATM Reimbursement
- Automatic Savings
- FDIC Member
- Interest Bearing Account
- Mobile Banking
- No ATM Fees
- No Monthly Maintenance Fee
- Online-Only Account
What fees does Betterment Cash Reserve charge?
Betterment Cash Reserve does not charge a monthly maintenance fee. See the fee breakdown section below to view all fees.
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