Betterment Reviews

Betterment offers several key features and benefits:

• Automated Portfolio Management: Provides automated investment management with low fees.
• Goals-Based Investing: Helps users save towards specific goals like buying a home, college planning, or retirement.
• Socially Responsible Investing: Allows users to invest in portfolios that align with their values.
• Tax-Loss Harvesting+: Automatically helps offset losses when the market drops.
• Recurring Deposits: Users can set up separate recurring deposits for each goal or account.
• Cash Reserve: Offers a high-yield savings account with no fees.
• Checking Accounts: No-fee daily spending accounts with reimbursed ATM fees.
• Crypto Portfolios: Provides access to cryptocurrency investments.
• Access to Financial Advisors: Premium plan users can consult with Certified Financial Planner™ professionals.
• FDIC Insurance: Ensures up to $2 million for Cash Reserve and up to $250K for Checking Accounts.

Betterment offers several pricing plans:

• Digital Plan: $4 monthly fee or 0.25% annual fee if the total Betterment account balance exceeds $20,000 or if recurring deposits/transfers of $250 per month are set up.
• Premium Plan: 0.65% annual fee for accounts with a balance of more than $100,000, providing access to Certified Financial Planner™ professionals.
• Crypto Portfolios: 1% annual fee plus a 0.15% fee per crypto trade.
• Cash Reserve: No fee, with a 5.00% (variable) APY and FDIC insurance up to $2 million.
• Checking Accounts: No fee, no ATM fees, and FDIC-insured up to $250K.

Betterment.com accepts electronic ACH transfers to and from your Betterment account and your checking account via the ACH network. Credit and debit cards are not accepted as funding sources. For transfers greater than $300,000, wire instructions may be generated from within the account. Betterment Checking allows the use of Visa® Debit Card, Apple Pay®, Google Pay™, or paper checks.