Betterment Cash Reserve

High yields and massive FDIC insurance limits

Strong base APY, often with promotional boosts for new deposits
Up to $2 million in FDIC protection through partner banks
Only $10 required to open, with no minimum balance to maintain
Create multiple goals and use automated tools to set aside money

How to maximize your Betterment Cash Reserve

Betterment is a powerhouse for online savers, offering massive FDIC coverage limits and excellent automated saving features.

Step 1: Maximize Your Protection

If you have a large cash balance, Betterment sweeps your funds across partner banks, giving you up to $2 million in FDIC coverage.

Step 2: Set Your Goals

Use the platform to create specific financial goals, like a vacation or rainy day fund.

Wrap-up

Betterment is perfect for hands-off savers who want strong yields, massive insurance limits, and smart automation.

Legal & Disclosures

Advertiser Disclosure

MyWealthWallet is not a bank. We are a financial education and content platform. We may receive compensation when you click on links to products from our partners. This compensation may influence which products we write about and where and how they appear on the page. However, it does not influence our evaluations or recommendations. Our opinions are our own.

Betterment Cash Reserve Disclosures

Betterment Cash Reserve is offered by Betterment LLC. Client funds are deposited into one or more FDIC-insured Program Banks, where they earn variable interest and are eligible for FDIC insurance up to $2 million ($4 million for joint accounts). Betterment is not a bank. Investments in securities are Not FDIC Insured, Not Bank Guaranteed, and May Lose Value.

General Disclaimer

The information provided on this page is for educational and informational purposes only. It should not be construed as financial, investment, or tax advice. Before opening any account, please carefully review all terms, conditions, fees, and disclosures provided by the partner. Your individual circumstances may vary, and we recommend consulting with a qualified financial advisor before making any financial decisions.