Betterment

Last Updated: 7/3/2025

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

Quick Views

Cash Reserve: 4.00% APY(Rank 46 out of 76 tracked HYSAs)

Minimum Deposit: $10 | Online Only

National Savings Interest Rate: 0.38% (as of 6/16/2025)

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

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% is competitive for savings accounts.
No maintenance fees or minimum balance requirements.
High App Store rating of 4.8 indicates user satisfaction.
BBB rating of A- reflects a trustworthy business reputation.

Considerations

No physical branches available for in-person service.
Not BBB Accredited may raise concerns for some users.
Direct deposit is not required but could limit account types.
Current APY has not changed from 30 days ago.

Summary: Betterment offers a high-yield savings account, the Cash Reserve, with a 4.00% APY, no maintenance fees, and no minimum balance. However, it lacks physical branches and is not BBB Accredited. While the App Store rating is strong at 4.8, the APY has remained unchanged over the past month. Overall, it's a solid option for those seeking an online-only savings account.

Savings Account

Savings Account Offered by Betterment

Feature	Cash Reserve
APY	4.00% (as of 7/3/2025)
APY Trend	Stable for the last month
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
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: $4 (3.85%)
Total contributions: $0 (0.00%)
Initial deposit: $100 (96.15%)

Your total balance

$104.00

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)	-0.2
Rate Changes / Mo	0.15
Days Since Last Change	183
High (-7 m)	4.25 %
Low (-7 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 7 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 (-7 m): Highest APY in the last 199 days.
Low (-7 m): Lowest APY in the last 199 days.
Draw-down from High: How far today sits below the 7-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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Feature	Betterment	Select a bank...
Product	Cash Reserve	N/A
APY	4.00% (as of 7/3/2025)	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