Betterment Everyday Cash Reserve Review

Betterment Everyday Cash Reserve is offered by Betterment, a financial services company founded in 2008 and based in New York, NY. Betterment Everyday Cash Reserve is available in 50 states (and Washington, DC).

Are savings accounts from Betterment federally insured?

Yes, your Betterment 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.

What APY does Betterment offer?

Betterment Everyday Cash Reserve offers an APY of 1.83% (APY stands for annual percentage yield, rates may change). This is higher than the typical APY for online-only checking accounts, which is around 1% APY.

What features and perks does Betterment Everyday Cash Reserve offer?

This account includes the following features:

• 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.

What fees does Betterment Everyday Cash Reserve charge?

Betterment Everyday Cash Reserve does not charge a monthly maintenance fee. See the fee breakdown section below to view all fees.