Betterment: Savings Accounts & Rates

Savings rates updated: 8/18/2025

Mission statement: Banksparency aims to make Betterment's savings accounts transparent and comparable to those of other banks. Learn more about Banksparency.

Note: Interest rates below are reported as APY, or Annual Percentage Yield

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Savings Overview

Cash Reserve: 4.00% APY(Rank 48 out of 81 tracked HYSAs)

Minimum Deposit: $10 | Online Only

National Savings Interest Rate: 0.38% (as of 7/21/2025)

Note: The FDIC tracks savings and CD rates nationally, but it does not report APY, only the average interest rate.

(Source: FDIC)

Bank Overview

Location: New York, New York

Founded: 2008

Affiliation: Betterment Holdings, Inc.

Access to Branches: None

Deposit Insurance: FDIC

BBB Rating: A- (Not BBB Accredited)

App Store Rating: 4.8/5

Google Play Rating: 4.7/5

Website: Visit Betterment

Our Take on Betterment

Highlights

Current APY of 4.00% with no changes from 30 days ago.
No minimum balance requirement for the Cash Reserve account.
No maintenance fees, making it cost-effective.
High app rating of 4.8 on the App Store.

Considerations

No physical branches available for in-person service.
Not BBB Accredited, indicating potential trust issues.
Direct deposit is not required but may limit some users.
Only one savings account option with the same APY.

Summary: Betterment offers a competitive Cash Reserve account with a 4.00% APY and no maintenance fees or minimum balance requirements. However, it lacks physical branches and is not BBB Accredited, which may raise concerns for some savers. While the account is online-only, it boasts high ratings on both the App Store and Google Play, making it appealing for tech-savvy users. Overall, it's a solid choice for those seeking a high-yield savings account.

Savings Account: In-Depth View

Savings Account Offered by Betterment

Feature	Cash Reserve
APY	4.00% (as of 8/18/2025)
APY Trend	Stable for the last quarter
Minimum Deposit	$10
Minimum Balance for APY	$0
FDIC-insured	Yes
Online Only	Yes
Bundled Account	No
Direct Deposit Required	No
Compound Frequency	N/A
Maintenance Fee	$0
Eligibility	United States
Sponsored Link
No deposit agreement summary available for this bank.

Calculate Savings for Betterment

All calculations are based on APY.

Savings Product:

Cash Reserve (APY: 4.00%)

Initial Deposit:

Recurring Deposit Amount:

Deposit Frequency:

Duration:

Total savings breakdown:

Interest earned: $1,568.1 (10.07%)
Total contributions: $13,000 (83.50%)
Initial deposit: $1,000 (6.42%)

Your total balance

$15,568.10

Effective APY: 4.00% (based on your deposit and contributions)

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

Betterment Savings Rates Over Time

Historical APY Insights

Metric	Cash Reserve
Latest APY	4.00 %
Trend	Sideways
Slope (bps/mo)	-0.1
Rate Changes / Mo	0.12
Days Since Last Change	228
High (-8 m)	4.25 %
Low (-8 m)	4.00 %
Draw-down from High	-5.9 %
Volatility (CV)	0.005

APY Insights Glossary

Latest APY: Most recent advertised annual-percentage yield.
Trend: Direction over the last 8 months (regression slope).
Slope (bps/mo): Average monthly change; 10 bps = 0.10 pp.
Rate Changes / Mo: Typical number of APY moves per month.
Days Since Last Change: Recency of the latest APY adjustment.
High (-8 m): Highest APY in the last 244 days.
Low (-8 m): Lowest APY in the last 244 days.
Draw-down from High: How far today sits below the 8-month peak.
Volatility (CV): Coefficient of variation = stdev ÷ mean.

Why Track Savings-Account APYs?

See how quickly a bank reacts to Fed moves or competition.
Gauge “twitchiness” - frequent moves can annoy savers.
Spot if you're buying near a peak (draw-down) or riding a rise.
Slope (bps/mo) shows speed of change.
Volatility (CV) scales jumps by average level.

Compare Betterment's Savings Account

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TAB Bank - 4.15% APY
TD Bank - 0.05-3.00% APY
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TIMBR - 4.40% APY
UFB Direct - 4.01-4.21% APY
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Feature	Betterment	Select a bank...
Product	Cash Reserve	N/A
APY	4.00% (as of 8/18/2025)	N/A
Bundled Account	No	N/A
FDIC-insured	Yes	N/A
Online Only	Yes	N/A
Compound Frequency	N/A	N/A
Minimum Deposit	$10	N/A
Minimum Balance for APY	$0	N/A
Maintenance Fee	$0	N/A
Direct Deposit Required	No	N/A