Betterment

Deposits held and insured by nbkc bank

Overview / Commentary
718-400-6898
8 W. 24th Street, 6th 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.

Related Posts

fintech Betterment pays 5.50% APY (Cash Reserve account, new customer, APY variable) - 8/1/2023

https://www.betterment.com/cash-reserve "get an extra 0.75% APY for the rest of the year with a qualifying deposit".

Fintech Betterment pays 5.25% APY (Cash Reserve account) through Dec. 31, 2023 - 7/12/2023

New customer offer. Open your first account and get an extra 0.75% APY for the rest of the year with a qualifying deposit. The offer: https://www.betterment.com/affiliate-partner-offer?hsCtaTracking=d7c0bb95-3ae4-41ca-9072-43cc68d590a... Terms and Conditions: "If you are a new Betterment client (i.e., you do not have an existing Betterment account), to qualify for an APY boost on your funds held in Betterment Cash Reserve, you must fulfill the offer by clicking on the signup link on the Betterment website, opening an individual or joint Cash Reserve account, and then completing a deposit into the Cash Reserve account within 14 days of opening it (a “qualifying deposit”), inclusive of the required settlement time (typically 2-3 business days). If you make a qualifying deposit, your Cash Reserve rate will be increased by

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Reviews (2)

4.5% And FDIC Insured To $2M

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."

Beware With Withdrawl

Posted by: |

Beware putting money in, they will take it with no issue but to withdrawal, forget about it, they are making my life difficult to take out MY money, I have already provided my drivers license, statements from funding account and they are making more excuses.

Even worse now is that they removed my money from my account, wont allow to cancel the withdrawl and are not even paying me interest on that amount until they figure out what how to proceed.

They cant do anything over phone and only send emails



Health
A+

Data as of Q4 2023

Data displayed below is for insuring bank: nbkc bank
Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #35014
Year Established1999
Employees369
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD3.14%
Return on Equity - YTD18.62%
Annual Interest Income$52.4MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$1.11B$1.05B
LoansQ4 2023vs Q4 2022$673.4MM$557.9MM
DepositsQ4 2023vs Q4 2022$876.3MM$833.5MM
Equity CapitalQ4 2023vs Q4 2022$187.9MM$177.6MM
Loan Loss AllowanceQ4 2023vs Q4 2022$10.3MM$8.8MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$3.5MM$724K
Real Estate OwnedQ4 2023vs Q4 2022$0$40K
Rates

Rates for Betterment are currently being reviewed.

Locations

Betterment is an Internet only bank and does not have branch locations. Its headquarters is located at 8 W. 24th Street, 6th Floor - New York, NY 10010

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.