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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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Is there a specific reason you would only do 4 weeks? Personally, I only do the 4 weeks to setup laddering. For example, initially split 33% of funds into 4wks, 33% into 8wks, 33% into 13ks T-Bills. After maturity, renew each at 13wks and setup auto-reinvestment.
Many bockerages and banks offer the ability to buy T-Bills. You can use them instead if you prefer not to use Treasury Direct. Consdering the primary usage is to grow my money safely, I personally value realized rate of return and the safety of the T-Bill over good UI/UX. Now, if the realized rate of returns were equal (which they are not for me, especially after tax considerations), then the UI/UX might come into consideration. Everybody's situation is different, and I guess to each his own.
However, if you complain about the possible issues opening an account with the treasury then you have a valid point.
I have a relative with a large pool that relied on selling peak solar to the grid during summer to offset the pool heating costs during the colder months in CA..
i have a feeling youre conveniently leaving out the immense amount of energy you use and exactly just how much you rely on selling to the grid. the fact that youre saying you get penalized "for making too much energy" betrays that though. You bought way more solar in an attempt to make way more energy than your house consumes so that you could sell the extra to the grid yes? im gonna guess your electric bill is $1000 per month on average and its almost all offset by selling to the grid at peak.
San diego is fine for normal homes. If you want a big ass pool then you need to invest in a solar pool heating setup or a ton of LFP batteries like power walls. I dont know why you thought the gravy train of selling to the grid in summer during peak and getting a credit on your bill for the winter months was going to stretch into perpetuity. you should be grateful you got to play energy arbitrage for so long.
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I dont believe in parking cash for any time longer than 4 weeks, if you understand an industry very well and understand value investing then you can typically find several stocks that are undervalued. I understand hardware/supply chains and invest in companies based off of that.
Just to be clear, I wasn't suggesting placing one's entire portfolio into one investment vehicle. After 401K contributions, I have half in this and half in managed accounts (with varying degrees of risk). I'm getting older and my risk tolerance is lower, so I leave the stock investing to the professionals. If you have found something that works for you in stocks, then good on you.
Cannot easily auto renew/ reinvest into stocks or bonds directly, potential risk of not buying at the right time.
Bond buying is more complicated than stocks. Too many variables.
Works only for mutual fund
Google brah
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