How can Betterment help me grow my money?
Betterment can help you grow your money by making saving and investing easy. You can invest in a tailored portfolio, set buckets for your goals, and earn rewards.
What investment options does Betterment offer?
Betterment offers automated investing in diversified portfolios of stocks and bonds, as well as crypto investing. You can choose the investment option that suits your preferences.
How does Betterment handle tax impact on investments?
Betterment uses automated and optimized tax strategies to help you minimize the tax impact on your investments. This ensures that you keep more of your money.
Can I talk to a real person for financial advice?
Yes, Betterment provides customer support team members who are available five days per week to answer questions about your account. If you want in-depth financial advice, you can talk to a licensed advisor by phone for an additional cost.
Is my money safe at Betterment?
Yes, Betterment Securities is a Member of SIPC, which protects securities of its members up to $500K (including $250K for claims for cash). Individual Cash Reserve accounts have FDIC insurance up to $2 million, and joint Cash Reserve accounts offer up to $4 million in FDIC insurance once funds are deposited into our program banks.
What is the APY for Betterment's high-yield cash account?
The annual percentage yield (APY) on the deposit balances in Betterment Cash Reserve is 4.75% (variable) as of July 31, 2023. This APY is subject to change daily.
How does Betterment's cash account compare to the national average?
Betterment's high-yield cash account earns 11x the national average savings account interest rate, providing you with a home for your savings that helps them grow.
Can I access my Betterment accounts on mobile?
Yes, Betterment offers a mobile app that allows you to easily check your accounts and manage your money on the go.
Who are the experts behind Betterment's investment strategies?
Betterment has a team of investing experts who make decisions about portfolio strategies and fund selection. They work with an external committee of economists, PhDs, and industry experts to develop advanced strategies.
How much does it cost to access financial advice from Betterment?
Betterment offers advice packages for various needs, starting at $299. The Premium plan provides unlimited access to licensed advisors for an additional cost of 0.15% on your invested balances (with a minimum account balance requirement of $100,000).
How does Betterment work?
Betterment helps you manage your money through cash management, guided investing, and retirement planning. They act as a fiduciary, meaning they act in your best interest. They gather information about you and your financial goals to set up investment portfolios tailored to each goal.
What types of accounts does Betterment offer?
Betterment offers a range of accounts, including IRAs, 401(k)s, Roth IRAs, high-yield cash accounts, and checking accounts. You can choose the account that suits your needs.
Can I rollover my 401(k) to Betterment?
Yes, Betterment offers 401(k) rollovers, allowing you to transfer your existing 401(k) to a Betterment account for easier management and potential growth.
How can I track my financial goals with Betterment?
Betterment provides an all-in-one dashboard where you can track your goals and monitor your progress. This helps you stay on top of your financial objectives.
Does Betterment offer socially responsible investing options?
Yes, Betterment offers socially responsible investing options, allowing you to align your investments with your values.