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Advertiser Disclosure
Betterment Cash Reserve Account: Earn Up to
5.5% APY
(Available to New Clients)
Betterment offers New Clients an Extra 0.75% APY Boost on top of the current standard Cash Reserve rate for the rest of the year with a qualifying deposit in a Cash Reserve Account.
Thanks to community member Teslo for finding this deal.
Thanks to community member Teslo for finding this deal.
- Fulfill the offer by clicking on the signup link on the Betterment website, opening an individual or joint Cash Reserve account, and then completing a deposit into the Cash Reserve account within 14 days of opening it (a "qualifying deposit"), inclusive of the required settlement time (typically 2-3 business days)
- Your Cash Reserve rate will be increased by 0.75% on top of the current standard Cash Reserve rate of 4.50% > now 4.75% ("promotional rate") from the date of your initial deposit to your Cash Reserve account through December 31, 2023 (the "promotional period")
- Cash Reserve APY is variable and only applies to Cash Reserve accounts
- *See site for details
Original Post
Written by
Edited July 30, 2023
at 06:06 PM
NEW!!! Starting July 31st Standard APY is going up 4.75% that means whoever got in will get 5.5% APY after the boost!
Betterment 5.25% cash reserve account: https://www.betterment.
Open your first account and get an extra 0.75% APY for the rest of the year with a qualifying deposit. The current APY is 4.5% for existing customers. New customers get a 0.75% boost on top of that till Dec. 31, 2023. This means before the end of the year if their rate increases, whoever signs up now will get more than 5.25% APY.
Terms and Conditions
If you are a new Betterment client (i.e., you do not have an existing Betterment account), to qualify for an APY boost on your funds held in Betterment Cash Reserve, you must fulfill the offer by clicking on the signup link on the Betterment website, opening an individual or joint Cash Reserve account, and then completing a deposit into the Cash Reserve account within 14 days of opening it (a "qualifying deposit"), inclusive of the required settlement time (typically 2-3 business days).
If you make a qualifying deposit, your Cash Reserve rate will be increased by 0.75% on top of the current standard Cash Reserve rate of 4.50% ("promotional rate") from the date of your initial deposit to your Cash Reserve account through December 31, 2023 (the "promotional period"). Please note that the Cash Reserve APY is variable and only applies to Cash Reserve accounts or goals set to hold cash, not investments. At the end of the promotional period, your interest rate will return to the standard Cash Reserve rate at that time. APY is variable and is subject to change, including the boosted rate offered in this promotion. If you elect to exclude Cash Reserve deposits from one or more participating Program Banks, Betterment is unable to guarantee you will receive the promotional rate regardless of whether you have made a qualifying deposit.
Betterment 5.25% cash reserve account: https://www.betterment.
Open your first account and get an extra 0.75% APY for the rest of the year with a qualifying deposit. The current APY is 4.5% for existing customers. New customers get a 0.75% boost on top of that till Dec. 31, 2023. This means before the end of the year if their rate increases, whoever signs up now will get more than 5.25% APY.
Terms and Conditions
If you are a new Betterment client (i.e., you do not have an existing Betterment account), to qualify for an APY boost on your funds held in Betterment Cash Reserve, you must fulfill the offer by clicking on the signup link on the Betterment website, opening an individual or joint Cash Reserve account, and then completing a deposit into the Cash Reserve account within 14 days of opening it (a "qualifying deposit"), inclusive of the required settlement time (typically 2-3 business days).
If you make a qualifying deposit, your Cash Reserve rate will be increased by 0.75% on top of the current standard Cash Reserve rate of 4.50% ("promotional rate") from the date of your initial deposit to your Cash Reserve account through December 31, 2023 (the "promotional period"). Please note that the Cash Reserve APY is variable and only applies to Cash Reserve accounts or goals set to hold cash, not investments. At the end of the promotional period, your interest rate will return to the standard Cash Reserve rate at that time. APY is variable and is subject to change, including the boosted rate offered in this promotion. If you elect to exclude Cash Reserve deposits from one or more participating Program Banks, Betterment is unable to guarantee you will receive the promotional rate regardless of whether you have made a qualifying deposit.
Created 07-16-2023
at 07:31 PM
by Teslo
in
Financial Tools & Services
(5)
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Got the 26 wk.
I would prefer 5.25
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I would prefer 5.25
Florida is better than most the states in the country and I don't even live there and I know that
Got the 26 wk.
You can do even less weeks around 5% now. But real inflation is well over 10% year over year unless you only eat TVs.
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My company finds these people for fun and turns them into the IRS🫤
link?
Definitely words from an out of state visitor...Even the country club I'm a part of occasionally functions like a wrestling federation. Half of them should be in jail with all the crooked things they gloat about, but they can't be worse than the common inland Florida man right?
If you live in a state without state tax, you can make a direct comparison between the Bank and Treasury rates over the same term length. As most of us don't, we have to consider the tax benefits from state tax exemptions (in my state this include state income tax + SDI [State Disability Insurance]). If you are willing to jump through the extra hurdle (which isn't much), T-Bills will curently give you a better realized rate of return than savings or CDs. In addition, you can ladder them to get interest every month if you so desire.
These are the rates of Treasury T-Bills as of their latest respective auctions:
26wk at 5.483%
17wk at 5.442%
13wk at 5.409%
8wk at 5.361%
4wk at 5.318%
That said, if I lived in a state without state income tax and my bank offered a 5.25% 3 month CD, the convenience of dealing with a local bank might outweigh the minimal difference in interest. In the case of Betterment, I'd also have to take into consideration that it isn't a local bank and has only been around for 15 years.
* DISCLAIMER: I am not a financial professional and make no claims to be one. Statements above are an opinion based on my own research. Actual financial professionals with more knowledge are welcome to correct me.
Got the 26 wk.
Another option is that if you have kids is to put the CDs under their names as minors dont pay taxes until a certain dollar ($1150?).
Shahhere
However, if you complain about the possible issues opening an account with the treasury then you have a valid point.
However, if you complain about the possible issues opening an account with the treasury then you have a valid point.
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