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Betterment

Betterment Promotions

Betterment is currently offering nine promotions. Read our in-depth review of Betterment to see why Betterment scored 4.1 stars out of 5. We like their no minimum investment, many customized portfolios, and automatically invest extra funds.

Get 1 Month Managed Free

Deposit $15,000 - $99,999 within 45 days and get 1 month managed free

Get 6 Months Managed Free

Deposit $100,000 - $249,999 within 45 days and get 6 months managed free

Get 1 Year Managed Free

Deposit $250,000+ within 45 days and get 1 year managed free

Get up to 1 Year Managed Free

New Betterment customers only. Accounts must be funded within 45 days of signup. Terms apply.

Betterment Cash Reserve - Earn up to 0.40% APY

  • FDIC insurance covering up to $1,000,000 at program banks
  • Access cash in 1-2 business days
  • No minimum balance
  • No fees on balance
  • Unlimited withdrawals

Betterment Checking

  • ATM and foreign fees reimbursed
  • No monthly maintenance fees
  • No minimum balances
  • FDIC-insured account up to $250,000

Compare Promotions

Ally Invest

Get Up to $3,500

Expires 3/31/2021

The minimum qualifying deposit to receive a cash bonus is $10,000. Accounts will be reviewed 60 days after account opening to determine the total qualifying deposit. Corresponding cash bonus will be credited to the account within 10 business days. Once the bonus is credited to the account, the bonus and qualifying deposit (minus any trading losses) is not available for withdrawal for 300 days. If the qualifying deposit is withdrawn, the bonus may be revoked.

Deposit or TransferCash Bonus
$10,000 - $24,999$50
$25,000 - $99,999$200
$100,000 - $249,999$300
$250,000 - $499,999$600
$500,000 - $999,999$1,200
$1,000,000 - $1,999,999$2,500
$2,000,000+$3,500

Blooom

Free 401k Check-up

Get a free analysis of your current 401k retirement plan.


Frequently Asked Questions

Find answers to frequently asked questions about Betterment.

Is Betterment a good investment?

Betterment is a good option for beginners who aren't ready to invest on their own. It's also good for passive investors who don't want to manage their own portfolios. The 0.25% annual fee is reasonable and there is no minimum. But experienced investors could earn better returns by choosing their own investments.

Is my money safe with Betterment?

You retain full ownership of your assets. Even if Betterment were to go out of business, your investments are insured up to $500,000 per account type by the SIPC. Betterment also uses 256-bit SSL encryption to keep your data secure.

Is Betterment worth the cost?

Betterment's 0.25% annual fee is lower than traditional financial advisors. It could be worth it for new investors or if you want to be hands-off. However, if you know how to manage your own portfolio, the fee gets expensive on bigger balances. $100,000 balance costs $250 a year in fees.

How much should I put in Betterment?

Betterment has no minimum investment. All balances cost 0.25% in annual advisory fees at the basic tier. You can deposit as little or as much as you're comfortable with and still have access to benefits such as tax harvesting. If you have at least $100,000, you have the option to upgrade to the Betterment Premium Plan at 0.40% annual fee.

Can I take my money out of Betterment?

You can withdraw funds from Betterment at any time with no withdrawal fees. Withdrawals take about 4-5 days to complete. When you withdraw, your shares are sold off. Any profits will be considered taxable income. If you withdraw funds from an IRA account early, there will be a tax penalty.

Is Betterment better than Vanguard?

Betterment is better for new investors as it has no minimum to start. Vanguard Personal Advisor requires $50,000 minimum. However, the advantage of Vanguard is that you get actual human advisors managing your portfolio. The fees are comparable at 0.25% for Betterment and 0.30% for Vanguard.

Is Betterment better than Fidelity?

Both Betterment and Fidelity Go have a $0 minimum investment. However, Fidelity's annual advisory fee is higher at 0.35% (vs 0.25% for Betterment). Betterment offers more comprehensive services and accounts types. On the other hand, Fidelity has active human managers.

    Highlights

    Annual Fee
    0.25% for accounts under $100,000; 0.40% for accounts $100,000+
    Minimum Deposit
    $0
    Checking
    No-Fee Checking
    Phone Support
    Yes
    Live Chat Support
    No
    Email Support
    Yes
    Human Advisors
    Yes ($100k minimum)
    Assets Under Management
    $14 Billion
    Tax Loss Harvesting
    Yes
    Goal Tracker
    Yes
    Automatic Deposits
    Yes
    Online Platform
    Yes
    iPhone App
    Yes
    Android App
    Yes
    Mobile App
    Yes
    Single Stock Diversification
    No
    Fractional Shares
    Yes
    Taxable Accounts
    Yes
    401k Plans
    Yes
    IRA Accounts
    Yes
    Roth IRA Accounts
    Yes
    SEP IRA Accounts
    Yes
    Trust Accounts
    Yes
    529 Plans
    No

    More Information

  • Pricing information from published website as of 04/04/2018
  • For the complete terms and conditions, view the merchant's website. While reasonable effort has been made to maintain accurate and updated information, the information shown on this site may vary, be out of date, or not applicable to you. All information is provided without warranty. Please review the terms and conditions on the merchant's website.
 Betterment
 Visit SiteLearn More
 

Betterment

Wealthfront

 

Benefits and Features

Annual Fee0.25% for accounts under $100,000; 0.40% for accounts $100,000+
0.25%
Minimum Deposit
$0
$500
Phone Support
Yes
Yes
Live Chat Support
No
No
Email Support
Yes
Yes
Human Advisors
Yes ($100k minimum)
No
Robo Advisor
Check
Check
Assets Under Management
$14 Billion
$10+ Billion
Tax Loss Harvesting
Yes
Yes
Goal Tracker
Yes
Yes
Automatic Deposits
Yes
Yes
Online Platform
Yes
Yes
iPhone App
Yes
Yes
Android App
Yes
Yes
Mobile App
Yes
Yes
Single Stock Diversification
No
Yes
Fractional Shares
Yes
No
Taxable Accounts
Yes
Yes
401k Plans
Yes
No
IRA Accounts
Yes
Yes
Roth IRA Accounts
Yes
Yes
SEP IRA Accounts
Yes
Yes
Trust Accounts
Yes
Yes
529 Plans
No
Yes
 Visit SiteLearn More

Betterment: Pricing information from published website as of 04/04/2018

Wealthfront: Pricing information from published website as of 04/04/2018


Betterment Alternatives

M1 Finance

Transfer Your Account and Earn Up to $2,500

Initiate your transfer of another brokerage account within 60 days of signing up for M1 to receive a bonus.

TransferBonus
$100,000 – $250,000$250
$250,001 – $500,000$500
$500,001 – $1,000,000$1,000
$1,000,001+$2,500

Payments for eligible transfers will be paid 90 days after the account transfer is received. Offer is valid for direct broker transfers received through the Automated Customer Account Transfer Service (ACATS) only. Offer is not valid with ACH deposits, wire transfers or direct 401k rollovers.

Ally Invest

Get Up to $3,500

Expires 3/31/2021

The minimum qualifying deposit to receive a cash bonus is $10,000. Accounts will be reviewed 60 days after account opening to determine the total qualifying deposit. Corresponding cash bonus will be credited to the account within 10 business days. Once the bonus is credited to the account, the bonus and qualifying deposit (minus any trading losses) is not available for withdrawal for 300 days. If the qualifying deposit is withdrawn, the bonus may be revoked.

Deposit or TransferCash Bonus
$10,000 - $24,999$50
$25,000 - $99,999$200
$100,000 - $249,999$300
$250,000 - $499,999$600
$500,000 - $999,999$1,200
$1,000,000 - $1,999,999$2,500
$2,000,000+$3,500


Articles on Betterment

Betterment Investing

Betterment offers low fees and good returns. But there are risks you should NOT ignore. Read this review to see if Betterment is better.

Betterment Returns

Betterment has low fees and is good for beginners. But what about their returns? Let's take a look at this robo-advisor's performance.

Betterment Fees

Betterment offers no minimum deposit and good returns. But are the fees worth it? Read on to learn about this robo-advisor's costs.

Is Betterment Safe

Betterment offers low fees, no minimum balance and good returns. But is it a good idea? Find out if it's safe to invest your money with this robo-advisor.

Betterment Roth IRA

Is Betterment a good way to invest for retirement? What about the fees and withdrawals? Read on to learn how Betterment's Roth IRA account works.

Betterment vs Wealthfront

Betterment and Wealthfront are two of the oldest and most popular robo-advisors. Is there a difference? Which is better for you? Read on to find out.

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CreditDonkey is a personal finance comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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