Deposits held and insured by nbkc bank

Overview / Commentary
61 W. 23rd Street, 4th Floor
New York, NY 10010
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.

Reviews (1)

4.5% And FDIC Insured To $2M

From Forbes ( "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."


Data as of Q1 2023

Data displayed below is for insuring bank: nbkc bank
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Health Grade Components

FDIC Certificate #35014
Year Established1999
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD8.28%
Return on Equity - YTD47.45%
Annual Interest Income$11.5MM
Assets and Liabilities
AssetsQ1 2023vs Q1 2022$1.10B$1.06B
LoansQ1 2023vs Q1 2022$580.3MM$519.6MM
DepositsQ1 2023vs Q1 2022$863.4MM$857.9MM
Equity CapitalQ1 2023vs Q1 2022$197.3MM$161.8MM
Loan Loss AllowanceQ1 2023vs Q1 2022$11.0MM$9.7MM
Unbacked Noncurrent LoansQ1 2023vs Q1 2022$1.0MM$2.0MM
Real Estate OwnedQ1 2023vs Q1 2022$235.00K$0
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Betterment Savings Account Rates

4.50%--Betterment Everyday Cash Reserve

Betterment is an Internet only bank and does not have branch locations. Its headquarters is located at 61 W. 23rd Street, 4th Floor - New York, NY 10010

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