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.
Spend with Checking
• No fee account‡
• ATM fees reimbursed worldwide
• FDIC insured up to $250k
Save with Cash Reserve
• Grow your savings with our high-yield cash account
• Eligible for FDIC insurance up to $1M with our program banks†
• Unlimited money transfers
Invest with smart tech
• Financial goals: We help you figure out your investing goals like retirement or saving for college, and provide ongoing advice to help you reach them
• Money management: We build and manage your personalized investment portfolio of low-cost ETFs
• Low, transparent fee of 0.25% annually
‡ Checking accounts and the Betterment Visa Debit Card provided and issued by nbkc bank, Member FDIC. Funds deposited into Checking will be eligible for up to $250k of FDIC insurance. Betterment Checking made available through Betterment Financial LLC. Neither Betterment Financial LLC, nor any of their affiliates, is a bank. Betterment Financial LLC reimburses ATM fees and the Visa® 1% foreign transaction fee worldwide, everywhere Visa is accepted.
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 FDIC insurance once funds reach one or more Program Banks (up to $250k each 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. 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 see betterment.com/legal/cash-reserve 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.
We update the Betterment app as often as possible to help you make the most of your money so you can live better. Here's what you'll find in the latest update:
- Various bug fixes & improvements
Ratings and ReviewsSee All
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.
Great for New Investors or Those with Little Time
If I had the time, or the money, I would love to do all the trading myself. However, i simply don’t have the time.
With the extremely low account management fees and the simple portfolio selection process, I’ve been able to place small weekly sums of money into my betterment account and I haven’t had to worry about investing it myself. This has definitely made saving/planning much easier and convenient and I am excited about the future. I’d definitely recommend this to any young individual (high school or college especially) who wants to start saving for retirement but hasn’t yet because they don’t have the time. It took 20 minutes to set up and the application is extremely user friendly.
My work 401k account doesn’t connect to Betterment so I added it manually. I’d love to be able to make manual updates to my 401k (and add other accounts) from the app instead of logging into my account from the web on my phone, making the updates, and then switching back to the app. Just feels clunky switching from the app to the web and back to my app again. It would also be nice to better understand why the minimum investment amount is $10. I like to do small increment actions everyday ($5 to savings account, $5 to credit card debt, etc). I wanted to do a $5 deposit to my betterment account, but then realized I couldn’t add less than 10 bucks. Maybe just a short blurb on the deposit page about why $10 is the minimum would be helpful. Or if possible, taking away the minimum deposit amount all together. Thank you for considering this feedback and for the great app. :)
With Family Sharing set up, up to six family members can use this app.