Not sure what to do with your money? Betterment is built to help. From helping you save more on your cash to investing for the long term, Betterment helps you manage your money so that you can live better.
Save with Cash Reserve
• Earn one of the highest interest rates on the market
• Eligible for FDIC insurance up to $1M once at our program banks†
• Unlimited transfers in and out
Cash Reserve is provided by Betterment LLC, which is not a bank, and cash transfers to program banks are facilitated by Betterment Securities.
Invest with smart tech and expert advice
• Financial goals: We ask questions to help you figure out your investing goals and make recommendations to help you reach them
• Portfolio management: We build you a personalized investment portfolio of low-cost ETFs and manage it for you
• Financial advice: We provide ongoing advice through our platform. As your money grows, our guidance evolves to help you make smart decisions with your money
• Low, transparent fee of 0.25% annually
Betterment Cash Reserve
APY is variable. $10 minimum deposit. No minimum balance. Visit betterment.com/cash-management for full details.
†Cash Reserve (“CR”) offered by Betterment LLC. Betterment LLC clients may participate in CR through brokerage accounts held at Betterment Securities. Neither Betterment LLC nor any of its affiliates is a bank. Through CR clients' funds are deposited into one or more banks ("Program Banks") where funds earn a variable interest rate and are eligible for FDIC insurance. Through CR clients can earn interest on cash intended to purchase securities through Betterment LLC and Betterment Securities. CR is not a long-term investment option.
Funds held in your brokerage account are not FDIC-insured but are protected by SIPC. Funds in transit to or from Program Banks are generally not FDIC-insured but are protected by SIPC, except when those funds are held in a sweep account following a deposit or prior to a withdrawal, at which time funds are eligible for FDIC insurance but are not protected by SIPC. See Betterment Client Agreements at betterment.com/legal for details. Funds deposited into CR are eligible for up to $1M (or $2M for joint accounts) FDIC insurance once funds reach one or more Program Banks (up to $250k for each insurable capacity - e.g., individual or joint - at up to 4 Program Banks). Even if there are more than 4 Program Banks, clients will not necessarily have deposits allocated to provide FDIC insurance above $1M (or $2M for joint accounts). FDIC insurance limits based on all accounts held in the same insurable capacity at a bank. Excluding one or more Program Banks from receiving deposits may lower the amount of FDIC insurance available through CR. Clients are responsible for monitoring total assets at each Program Bank, including existing deposits at Program Banks outside of CR to ensure FDIC insurance limits are not exceeded. For more info on FDIC insurance see www.FDIC.gov. Deposits held in Program Banks not protected by SIPC. For more info seebetterment.com/legal/everyday-savings and betterment.com/adv.
Advisory services provided by Betterment LLC, an SEC-registered investment adviser. Brokerage services provided to clients of Betterment LLC by Betterment Securities www.bettermentsecurities.com, an SEC-registered broker-dealer and member of FINRA/SIPC.
Investments in securities: Not FDIC Insured • No Bank Guarantee • May Lose Value. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Before investing, consider your investment objectives and Betterment's charges and expenses. Not an offer, solicitation of an offer, or advice to buy or sell securities in jurisdictions where Betterment is not registered. All images and return figures shown are for illustrative purposes only and are not actual customer or model returns.
Bug fixes and improvements
Ratings and ReviewsSee All
Really not that great
Let me start by saying I haven’t been using this app for all that long, but it’s already showing signs of being hard to use. The biggest example (and most glaring) is the fact that it seems to only allow for ONE bank to be connected at a time when ANY OTHER APP will allow you to connect whatever accounts you have to fund. This makes this extremely frustrating because the bank I’m trying to get this to use is my credit union since that usually has my spare cash but instead it keeps linking to a savings account that has a monthly withdrawal limit making this much more frustrating than it should be. Not to mention the fact that the only place you pretty much see this is either if you have an auto deposit (which I’ve had to turn all of them off) or in the settings. Having multiple banks added like ANY OTHER APP would mitigate this, but I guess whoever designed this thought they’d just be special and have it be one at a time. Since I don’t know if this os going to be fixed, I’m just going to use this as another savings account, and that’s what I’d suggest anyone else thinking of using this to do too.
Oh, another annoying thing is you can’t transfer less than $10 at a time; not as bad as the above problem since this is at least something that can be easily managed around, but still sightly annoying when their own app can suggest auto transfers of less and not be able to complete that because they have the limit set at $10.
Financial service additions
Hello, I think your platform is great and you’ve definitely created an interface that is easily usable to the average person. Although I think that for betterment to grow bigger it needs to be more open to other aspects of investment other then just an automated investment service. Such as banking services that include debit and credit cards and high interest savings accounts that don’t require you to pay a fee from your earning like the smart saver requires. Also, I know you have something like this in a way but having it expanded would be beneficial to clients that put all of there accounts on their betterment account. I’m talking about services like creating a financial picture that pulls everything together and tells you your total financial net worth and where you will be in the future between all of your accounts externally and through betterment would be beneficial to your clients. Just some thoughts, still love the app and your doing a great job regardless but these ideas would be a cool addition. Thank you
Betterment makes it easy to save for retirement or any other goal. The individual goals you can create are really nice to see how much you have saved towards each one instead of just having one large pot of money. The iOS app is super simple to use and makes depositing money or seeing performance easy.
I have not had an account long enough to really compare the returns to other investments. They recently added a much simpler view to see your annualized returns vs benchmarks on the website which should make comparisons easier moving forward.
With Betterment you are using their robo advisor so don’t expect to pick your own funds. I believe that Betterment leans a little heavier on foreign fund than other similar robo advisors. But that doesn’t really matter as you set your stock/bond percentage that matches your desired risk level and Betterment does the rest.
Betterment posts many helpful/interesting articles, but do take everything with a little grain of salt as many things are geared towards why they are right or how you can’t compare directly to other benchmarks.
All in all I have loved this investing/savings tool. I have seen good returns and low fees. The app and web interface are clean and easy to use. Recommend for anyone looking to start investing/saving. If you are a more hands on investor, Betterment might not be for you, and you might want to look else where.
With Family Sharing set up, up to six family members can use this app.