Cash Reserve should not be viewed as a long-term investment option.įunds held in your brokerage accounts are not FDIC-insured but are protected by SIPC.
Cash Reserve provides Betterment clients with the opportunity to earn interest on cash intended to purchase securities through Betterment LLC and Betterment Securities. Through Cash Reserve, clients' funds are deposited into one or more banks (" Program Banks") where the funds earn a variable interest rate and are eligible for FDIC insurance. Neither Betterment LLC nor any of its affiliates is a bank. Clients of Betterment LLC participate in Cash Reserve through their brokerage account held at Betterment Securities.
†Betterment Cash Reserve ("Cash Reserve") is offered by Betterment LLC.
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