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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 Nov 2011
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> bubble2 51 Posts
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ed.de
07-24-2023 at 06:40 PM.
07-24-2023 at 06:40 PM.
Quote from Bunduckie :
Even with boost which only lasts max of 6 months, it's still lower than a lot of of options out there.

Like?
Reply
Joined Apr 2016
L2: Beginner
> bubble2 36 Posts
10 Reputation
Rgb06
07-24-2023 at 07:23 PM.
07-24-2023 at 07:23 PM.
Quote from SlickdealzPro :
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 it is really that bad why are so many people moving to FL? I mean, I'm not saying it's the best place to live but people have to be moving to FL in mass for a reason……..it's too hot in the summer though 🥵. For an 18 hour city it's definitely my pick in the US.
1
Reply
Joined Nov 2007
L6: Expert
> bubble2 1,162 Posts
319 Reputation
cabernet
07-24-2023 at 07:27 PM.
07-24-2023 at 07:27 PM.
Quote from Rgb06 :
If it is really that bad why are so many people moving to FL? I mean, I'm not saying it's the best place to live but people have to be moving to FL in mass for a reason……..it's too hot in the summer though 🥵. For an 18 hour city it's definitely my pick in the US.
They move there from high tax states. FL has no state income tax so people from CA who pay up to 14% in state income taxes want to get away from Newsome.
1
Reply
Joined Feb 2017
L3: Novice
> bubble2 166 Posts
356 Reputation
Original Poster
Pro
Teslo
07-25-2023 at 05:23 PM.
07-25-2023 at 05:23 PM.
Quote from khronos :
is there a limit to how much on deposit qualifies for the 5.25% rate?

No limit.
Reply
Joined Feb 2011
L3: Novice
> bubble2 278 Posts
43 Reputation
tommygunner11
07-26-2023 at 09:10 AM.
07-26-2023 at 09:10 AM.
Anyone get approved by Betterment? I sent the drivers license photos and am still waiting for verification.
Reply
Joined Dec 2007
L2: Beginner
> bubble2 70 Posts
45 Reputation
MadPerson
07-26-2023 at 10:20 AM.
07-26-2023 at 10:20 AM.
Can someone help me understand the Risk involved with these Cash Reversed Account?

Anyone has experience with them (such as transferring money out etc)?
Reply
Joined Feb 2011
L3: Novice
> bubble2 278 Posts
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tommygunner11
07-26-2023 at 11:17 AM.
07-26-2023 at 11:17 AM.
Quote from MadPerson :
Can someone help me understand the Risk involved with these Cash Reversed Account?

Anyone has experience with them (such as transferring money out etc)?
What is a "cash reversed account"?
Reply

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Joined Feb 2017
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> bubble2 166 Posts
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Original Poster
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Teslo
07-28-2023 at 12:50 PM.
07-28-2023 at 12:50 PM.
Standard rate will be 4.75% APY on July 31 and 5.5% APY with boost! Very competitive for anyone who is still on the fence.
Reply
Joined Nov 2010
Vasa
> bubble2 27 Posts
26 Reputation
vasanthkay
07-29-2023 at 06:33 AM.
07-29-2023 at 06:33 AM.
Quote from Teslo :
Standard rate will be 4.75% APY on July 31 and 5.5% APY with boost! Very competitive for anyone who is still on the fence.

Where is this posted?
If so, I might consider waiting a couple of days before opening my account
Reply
Joined Feb 2017
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> bubble2 166 Posts
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Original Poster
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Teslo
07-30-2023 at 04:49 AM.
07-30-2023 at 04:49 AM.
Quote from vasanthkay :
Where is this posted?
If so, I might consider waiting a couple of days before opening my account

Email notification for all existing customers.
Reply
Joined Jun 2014
L2: Beginner
> bubble2 26 Posts
45 Reputation
Tamba
08-01-2023 at 01:26 PM.
08-01-2023 at 01:26 PM.
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.
  • 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 4.75% ("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

https://www.betterment.com/affili...tner-offer
Reply
Joined Nov 2004
L7: Teacher
> bubble2 2,150 Posts
640 Reputation
cashville619
08-01-2023 at 01:28 PM.
08-01-2023 at 01:28 PM.
New customers only, whilst long term existing customers only get 4.75% :/
Reply
Joined May 2022
L4: Apprentice
> bubble2 371 Posts
34 Reputation
TealLaborer912
08-01-2023 at 09:40 PM.
08-01-2023 at 09:40 PM.
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.
My two driving memories in FL:

Having to pull over due to a heavy downpour on a day with scattered showers where it was just about sunny while also being so much rain there was no visibility

Being 15 minutes late to a day trip cruise at the end of the keys and greatly overestimating my ability to make up time on the multi hour drive going 35 mph
1
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Joined Jul 2006
Call me Mr. Deals
> bubble2 5,111 Posts
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Pro
shahhere
08-02-2023 at 05:17 AM.
08-02-2023 at 05:17 AM.
What are the thoughts on what I am seeing on Fidelity

6.08% 15 Year bond that pays out semi-annually and callable after 2/18/2025. Making this at the min a 1.5 year CD and as noted that Fed Home Loan Bonds you do not pay Local Taxes on Interest earned. Settle the purchase until 8/18/2023; assuming it will still be offered until then?

Attaching the 2 pictures to go along; this does beg to question that there might be 1 or 2 more better offerings but if you can park $10,000 in $5,000 increments its not fixed income earn.

Shahhere
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Joined Jun 2018
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> bubble2 89 Posts
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Kandros
08-24-2023 at 11:33 PM.
08-24-2023 at 11:33 PM.
Quote from cashville619 :
New customers only, whilst long term existing customers only get 4.75% :/
I was able to get 5.5. I had a general investing account but not a money market account. If you got the email from them about the 5.5 you should be able to get it even if you already have an account.
Reply
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