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Betterment Cash Reserve Account: Earn Up to

5.5% APY
(Available to New Clients)
+47 Deal Score
87,044 Views
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.
  • 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 by
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.com/affili...tner-offer
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.
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Created 07-16-2023 at 07:31 PM by Teslo
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Deal
Score
+47
87,044 Views
5.5% APY
These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

149 Comments

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Featured Comments

But then you have to live in FL Wink
Better to get a Treasury at 5.4% with no state taxes.
Got the 26 wk.
You money is locked for 26 weeks.
I would prefer 5.25

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Joined Aug 2010
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> bubble2 5,686 Posts
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gamingdroid
07-19-2023 at 02:59 PM.
07-19-2023 at 02:59 PM.
Quote from whenry83 :
HI is not perfect and it's expensive, but I feel like you get what you pay for. We have a major homeless crisis, but low crime and low gun ownership. It's actually not that expensive if you're willing to live in a small condo (600sq ft 2-bedrooms exist here) and you're frugal, which if you're on slickdeals, you should be. 90% of grocery shopping should be at Costco, which is insanely crowded any hour, any day on Oahu. Mountain and ocean activities are free. If you're not an outdoors person, you're better off on the Mainland sitting in central A/C.

Racism against whites is a real thing here, but you are unlikely to experience this to your face unless you are a surfer. This attitude is really only prevalent amongst the lower class.

Probably the only area of real estate to avoid in the entire state is East Big Island. It's cheap for a reason: lava risk and ghetto people (local and transplants).
I thought about buying a piece of land, and plopping a tiny home on it. Maybe put a few additional tiny homes to rent out to cover some of the costs.

Any suggestions for where on the web to look for real estate there?

Seems most of the websites I have seen, Redfin, Realtor, etc don't cover it well.
1
Reply
Joined Nov 2011
L6: Expert
> bubble2 1,550 Posts
119 Reputation
Turbotalon
07-19-2023 at 07:13 PM.
07-19-2023 at 07:13 PM.
Quote from gamingdroid :
Due to high income, much lower than if I had to pay the taxes!

I can also afford to live in a high rise condo with direct unobstructed beach view from every room. Property value has gone up drastically too and hasn't slowed down like in the rest of the country.

How about you?

What's the cost of living and life quality wherever you are?
Until the high rise collapses because Florida doesn't believe in regulation laugh out loud
1
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Joined Nov 2012
L2: Beginner
> bubble2 92 Posts
18 Reputation
BeautyMetropolis
07-19-2023 at 07:58 PM.
07-19-2023 at 07:58 PM.
Quote from cabernet :
If you have a Schwab account, their money market fund (SWVXX) is paying 4.97%. No need to create new accounts and move money around. Since I'm in California it's still better for me to buy 6 month t-bills yielding 5.5 (exempt from state tax) since Newsome takes 9.3% of my earnings.

I have Schwab, do I buy shares of SWVXX through my brokerage account?
Reply
Joined Aug 2010
L9: Master
> bubble2 5,686 Posts
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gamingdroid
07-19-2023 at 08:22 PM.
07-19-2023 at 08:22 PM.
Quote from Turbotalon :
Until the high rise collapses because Florida doesn't believe in regulation
You don't think there are collapses anywhere else?

😂
1
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Joined Nov 2007
L6: Expert
> bubble2 1,162 Posts
319 Reputation
cabernet
07-20-2023 at 07:42 AM.
07-20-2023 at 07:42 AM.
Quote from BeautyMetropolis :
I have Schwab, do I buy shares of SWVXX through my brokerage account?
Yes, it trades as a mutual fund but the price is always fixed at $1 per share so no risk (unless Schwab goes bankrupt). If you sell, funds are available the next day.
1
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Last edited by cabernet July 20, 2023 at 07:58 AM.
Joined Nov 2012
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> bubble2 92 Posts
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BeautyMetropolis
07-20-2023 at 02:09 PM.
07-20-2023 at 02:09 PM.
Quote from cabernet :
Yes, it trades as a mutual fund but the price is always fixed at $1 per share so no risk (unless Schwab goes bankrupt). If you sell, funds are available the next day.

How often do they adjust the rate?
1
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Last edited by BeautyMetropolis July 20, 2023 at 04:20 PM.
Joined Nov 2007
L6: Expert
> bubble2 1,162 Posts
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cabernet
07-21-2023 at 08:32 AM.
07-21-2023 at 08:32 AM.
Quote from BeautyMetropolis :
How often do they adjust the rate?
I think daily but the rate has been over 4.9% for several months. It will probably continue to rise as long as the Fed keeps raising rates.
Reply

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Joined Nov 2012
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> bubble2 92 Posts
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BeautyMetropolis
07-21-2023 at 08:37 AM.
07-21-2023 at 08:37 AM.
Quote from cabernet :
I think daily but the rate has been over 4.9% for several months. It will probably continue to rise as long as the Fed keeps raising rates.

Wow, thank you so much! I've been missing out lol
Reply
Joined Feb 2016
L3: Novice
> bubble2 104 Posts
iletired
07-21-2023 at 08:40 AM.
07-21-2023 at 08:40 AM.
Quote from BeautyMetropolis :
I have Schwab, do I buy shares of SWVXX through my brokerage account?
Are there fees associated with it?
Reply
Joined Nov 2007
L6: Expert
> bubble2 1,162 Posts
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cabernet
07-21-2023 at 10:38 AM.
07-21-2023 at 10:38 AM.
Quote from iletired :
Are there fees associated with it?
No fees
Reply
Joined Jan 2016
L5: Journeyman
> bubble2 640 Posts
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K9US
07-23-2023 at 07:58 PM.
07-23-2023 at 07:58 PM.
Quote from doboy007 :
But then you have to live in FL
Fing Sunny Burns
1
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Joined Apr 2016
L2: Beginner
> bubble2 36 Posts
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Rgb06
07-24-2023 at 09:47 AM.
07-24-2023 at 09:47 AM.
Quote from Turbotalon :
Having driven a couple of weeks in Miami I can assure you it is way way way worse than nor cal and so cal... Combined.
Yeahhhh, that's Miami. One city in a big state. Miami is pretty unique.
1
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Joined Apr 2016
L2: Beginner
> bubble2 36 Posts
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Rgb06
07-24-2023 at 09:49 AM.
07-24-2023 at 09:49 AM.
Quote from Turbotalon :
Until the high rise collapses because Florida doesn't believe in regulation laugh out loud
Right…..
1
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Joined Nov 2005
L6: Expert
> bubble2 1,598 Posts
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stevelion
07-24-2023 at 10:08 AM.
07-24-2023 at 10:08 AM.
Good rate. Pac West is offering 5.25% APY on $5k with $5k of new money and no duration limit. This appears to be national and may be of interest to some that would like a higher rate beyond December. Of course, MM rates can change anytime so who know which rate will actually be better come January.

https://www.pacwest.com/banking/a...-your-rate
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Joined Jan 2015
peeing outdoors
> bubble2 1,942 Posts
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khronos
07-24-2023 at 10:47 AM.
07-24-2023 at 10:47 AM.
is there a limit to how much on deposit qualifies for the 5.25% rate?
1
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