Betterment savings rates
Betterment advertises up to 4.25% APY on its Cash Reserve account. That 4.25% is a promotional rate. The account advertises 3.50% after it ends. New customer offer.
On a $10,000 balance the account earns 3.50% overall, about $350 in a year, which is 3.13 percentage points above the national savings average of 0.37% (FDIC, Sep 2026).
Ranked #25 of 2519 tracked savings rates by advertised APY. For a $10,000 balance it would rank #86. It was #17 three months ago.
Betterment at a glance
| Savings | |
|---|---|
| Top savings APY | Up to 4.25% · Cash Reserve · promotional rate |
| Minimum to open | $0 · Cash Reserve |
| Against the national average | 3.88 percentage points above the 0.37% FDIC savings average (Sep 2026) |
| Website | www.betterment.com |
|---|---|
| Availability | Nationally available |
Betterment savings rates
Rates are APY. The national savings average is 0.37% (FDIC, Sep 2026). The top tracked savings rate on Banksparency is 5.50%. Across 60 savings accounts from 59 banks in the Banksparency core savings index, the median advertised rate is 3.66%, and one account in ten advertises 4.16% or more. See the highest savings rates.
Interactive Tool
Calculate Savings for Betterment
All calculations are based on APY.
Savings Breakdown
- Interest Earned+$1,363.30(8.9%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$15,363.30
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
So what is the catch?
| Product | APY | Min to open | Min to earn | Balance cap | Monthly fee | Requirements | Rate type | 12-mo trend |
|---|---|---|---|---|---|---|---|---|
| Cash Reserve | 4.25% | $0 | $10 | None | $0 | None | Promotional | |
| Promotional terms: New customer offer | ||||||||
Rate type: one rate applies at every balance. A tiered rate changes with your balance. A promotional rate changes after the period shown. A balance cap is the largest balance the highest rate applies to.
The 12-month trend shows the highest advertised rate observed each day and includes promotional tiers where one applied.
Opening and using the account
| Availability | Nationally available |
|---|---|
| App Store rating | 4.8 out of 5 |
| Google Play rating | 4.7 out of 5 |
| Eligibility | not stated |
How Betterment behaves over time
- 12-month high
- 4.25%
- 12-month low
- 3.25%
- Advertised now
- 4.25%
- At the 12-month high
- Observed cuts, 12 months
- 0
- In a window with 2 Federal Reserve cuts
The advertised Cash Reserve rate, observed through Oct 3, 2026. The series includes promotional tiers where one applied.
Recent rate changes, as observed
- Obs. Apr 28, 2026Cash ReserveRaise:3.90%to4.00%
- Obs. Mar 5, 2026Cash ReserveRaise:3.25%to3.90%
- Cash Reserve
- Up 0.25 percentage points from 30 days ago.
$10,000 at the 4.25% APY Betterment advertises on Cash Reserve grows to $10,425 in a year. Prices rose 3.4% in the year to August 2026 (Consumer Price Index (CPI)). After a year of prices rising at that pace, it buys as much as $10,082 does today. The top rate is promotional. See how the federal funds rate shapes savings rates.
- Cash Reserve APY
- Banksparency savings index
- Consumer price index, year over year
Who is Betterment?
| Founded | 2008 |
|---|---|
| BBB rating | A · BBB Accredited |
| Affiliation | Betterment Holdings, Inc. |
Common questions about Betterment
What is the minimum deposit at Betterment?
Betterment requires no minimum deposit to open its Cash Reserve account, as observed on Oct 3, 2026. Check the bank's current terms before you open an account.
Is the 4.25% at Betterment a promotional rate?
That 4.25% is a promotional rate. The account advertises 3.50% after it ends. Rates are as observed on Oct 3, 2026.
Betterment against its closest alternatives
| Bank | Savings APY | Rate paid on savings and money market deposits (Q2 2026) | Min deposit | Branches |
|---|---|---|---|---|
| Betterment | 4.25% | not stated | $0 | not stated |
| Neighbors Bank | 4.25% | 3.33% | $0 | 1 branch in MO |
| Pibank | 4.25% | 4.29% | $0 | not stated |
| GreenWay Bank | 4.23% | 2.56% | $500 | 2 branches in IN, OH |
Each savings APY is the top rate of the account the bank's own page leads with. Alternatives are the three tracked banks whose savings APY is closest to Betterment's.
Compare Betterment with another bank
Each link opens a full comparison page, with the two banks side by side and their current savings rates.
Betterment last changed its rate on September 21, 2026, up 25 basis points, while CIT Bank last changed its rate on February 4, 2026, up 10 basis points.
Betterment vs CIT BankBarclays last changed its rate on June 24, 2026, down 10 basis points. Betterment last changed its rate on September 21, 2026, up 25 basis points.
Betterment vs BarclaysBetterment last changed its rate on September 21, 2026, up 25 basis points. Marcus by Goldman Sachs last changed its rate on September 18, 2026, up 10 basis points.
Betterment vs Marcus by Goldman Sachs- Betterment vs SoFi Bank
Axos Bank last changed its rate on February 2, 2026, down 10 basis points. Betterment last changed its rate on September 21, 2026, up 25 basis points.
Betterment vs Axos BankBetterment has offered the higher standard rate since March 19, 2026, by 40 basis points today.
Betterment vs American Express
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