5.50% APY with Betterment Cash Reserve Account
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- The Betterment Cash Reserve account offers new customers an increased APY.
- Instead of the current effective annual interest rate of 5%, you will receive an interest rate of 5.50% for three months.
- To be eligible, you must sign up and make a qualifying deposit by August 26th.
It’s a good time to look for a savings account, as you can currently earn 5% or even more on your savings at various banks and credit unions.
One of the best high-yield savings accounts, the Betterment Cash Reserve Account, is offering new customers an increased interest rate of 5.50% annual percentage rate (APY), but there are only a few days left to sign up.
Get an increased APY of 5.50% on a Betterment Cash Reserve account
The Betterment Cash Reserve account currently offers a 5.00% APY to existing customers (5.50% APY for new customers for the first three months). New customers can receive an additional 0.50% APY increase for the first three months, but must do the following:
- Registration until August 26
- Open a Betterment Cash Reserve account
- Make a deposit of $1,000 or more within 14 days of signing up
- If the variable base APY changes during the first 3 months, you will still receive an additional 0.50% premium during the promotional period.
The 5.50% APR applies for three months once your deposit is settled. Betterment says the 5.50% rate applies to any Cash Reserve accounts you open during that period.
Read more about this account and its features, such as no transaction limits, in our Betterment Cash Reserve review.
Next steps: Open an account with Betterment Cash Reserve Account
Other 5% savings accounts
Thanks to this increased APY offering, Betterment currently tops our list of savings accounts with 5% APY or more. However, it’s far from your only option to get a high APY on your money right now.
Other savings accounts available nationwide to consider include: