Overview / Commentary
Deposits held and insured by nbkc bank
Checking accounts and the Betterment Visa Debit Card provided and issued by nbkc bank, Member FDIC. Checking made available through Betterment Financial LLC. Neither Betterment Financial LLC, nor any of their affiliates, is a bank.
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Reviews (1)
4.5% And FDIC Insured To $2M
Posted by: StayinAlive | May 15, 2023
From Forbes (https://www.forbes.com/sites/emilymason/2023/05/15/the-great-yield-chase-why-a-trillion-has-fled-traditional-bank-accounts/?sh=68c7bb8213cc&cdlcid=643067c1c4fa70c7256f67f5): "Fintech pioneer Betterment, for example, offers (through its bank partners) a “cash reserve” account that currently pays 4.5% and is FDIC insured for up to $2 million (or $4 million for a joint account). A growing number of fintechs offer more than $250,000 in FDIC insurance by spreading your money around to different banks."
Health
A
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 35014 |
| Year Established | 1999 |
| Employees | 392 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 8.28% |
| Return on Equity - YTD | 47.45% |
| Annual Interest Income | $11.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2023vs Q1 2022 | $1.10B$1.06B |
| Loans | Q1 2023vs Q1 2022 | $580.3MM$519.6MM |
| Deposits | Q1 2023vs Q1 2022 | $863.4MM$857.9MM |
| Equity Capital | Q1 2023vs Q1 2022 | $197.3MM$161.8MM |
| Loan Loss Allowance | Q1 2023vs Q1 2022 | $11.0MM$9.7MM |
| Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $1.0MM$2.0MM |
| Real Estate Owned | Q1 2023vs Q1 2022 | $235.00K$0 |