Betterment Invest & Save Money

Betterment

About this app

Invest and save better with Betterment. Investing apps are a dime a dozen, right? So, you might be wondering why you should download this investing app. It’s simple: Betterment is a robo advisor built with technology that optimizes for you, creating a tailored experience that fits your needs whether you’re an investor-in-training or a stock market guru. Join the 900,000+ people who entrust us with over $50 billion.

As an independent digital investment advisor and fiduciary, Betterment is built to help you do what’s best for your money so you can live better. Get started in minutes with just $10 and no minimum balance. Keep track of your financial life across your short- and long-term savings goals with our easy-to-use app.

NEW CUSTOMERS EARN 5.00% VARIABLE APY* (as of 9/20/24) ON CASH
- Get an extra 0.50% APY* with qualifying deposit and over 10x** the national average.
- Protect your earnings with up to $2 million† in FDIC insurance at our program banks.
- Learn more at www.betterment.com/cash-portfolio

GET UP TO A 3% MATCH ON NEW CONTRIBUTIONS TO AN IRA
- 1% match for digital customers and a 3% match for Premium customers! Premium comes with access to a team of CFP professionals, a .25% Cash Reserve preferred rate boost, and more.
- Make saving for retirement easy with an IRA. We’ll match net Roth and traditional IRA contributions until December 30, 2024.
- Learn more at www.betterment.com/ira-and-401k

EXPERT-BUILT PORTFOLIOS TO HELP YOU WEATHER THE MARKET
- Customize your stock-and-bond risk level with recommendations from the pros.
- Choose one of our optimized, curated portfolios of ETFs, like Innovative Tech, Goldman Sachs Smart Beta, or socially responsible investing options: Broad, Social, or Climate Impact portfolios
- Looking for an all-bond strategy? Try our BlackRock Target Income portfolio or our Goldman Sachs Tax-Smart Bond portfolio to target higher yields while taking on less risk than stocks.

INVEST WITH TECH THAT OPTIMIZES FOR YOU
- Rebalance your portfolio and reinvest dividends automatically
- Limit your tax impact with automated tools, like tax-loss harvesting and tax coordination between accounts
- Set up recurring deposits on your preferred schedule
- Questions? We’ve got resources galore or ask our financial advisors!

KEEP MORE OF YOUR MONEY
- Invest with us for just $4/month, or pay an annual fee of 0.25% on your investing account balance when you:
- Have a total Betterment balance of $20,000 or more across investing and cash accounts you hold at Betterment, or
- Set up a recurring deposit(s) of $250/month or more into any account
- Upgrade to Premium for unlimited access to advisors at just .65% of your invested assets, a fraction of the cost compared with traditional advisors
- These are CERTIFIED FINANCIAL PLANNER™ professionals, salaried never commissioned, for a significantly lower management fee

TURN LIFE GOALS INTO MONEY GOALS
- Manage money for everyday spending and get cash back with Checking
- Save for that exercise bike, your next vacation, and more
- Go beyond your 401(k) with an IRA
- Use our projection tools to create a plan
- Calculate how to reach your target with our goal forecaster

SEE THE BIGGER PICTURE
- Get our all-in-one financial dashboard
- Connect outside accounts, see your net worth, and view your investment performance, all in one place

Ratings and reviews

This app is simple to use for beginners. I was expecting it to be much more difficult but the information on portfolios were easy to find & understand, thus making my choice quickly. Very efficient. My only suggestion would be, making the app have access to financial data in cryptocurrency via exchanges (like Coinbase, for instance) and having real time data access to the balance of any accounts via API KEYS generated on exchanges (again, like Coinbase for instance).

Nice app, easy to use. I don't like that you can see my app screen when I am switching between apps. My mint app, for example, shows a white screen when I navigate away from it. Betterment needs me to put in a password to access the app again, but I can read the screen and see everything before I out the password in when I navigate back to it (if thdt makes sense?) Would prefer it to go blank.

App is so confusing. The layout is cluttered and disorganized. Not to mention the difficulty in transferring funds between your checking and Cash Reserve accounts. You can transfer money to the other account by going to either account, and selecting "transfer". You can also go to that account and there's a "deposit" option, which does the same thing. So... 3 ways to do the same task. But only for certain tasks. Otherwise the app is stable and works as designed. The design just needs tweaking.

What's new

We discontinued our current crypto portfolio and launched a new Crypto ETF portfolio. This allows us to offer lower fees, exchange-traded funds over direct ownership, and manage risk exposure.