Betterment Invest & Save Money 8.71.0

Betterment Invest & Save Money 8.71.0

Betterment – Freeware – Android iOS
out of 50067 votes
Latest Version
8.71.0
Safe to install

Smart Investing Made Simple

Boris Weber

Betterment offers a user-friendly platform for automated investment and savings, making it easy for users to grow their money with minimal effort.
2025 Editor's Rating
EXCELLENT User Rating

Invest and save more effectively with Betterment. The market is flooded with investing apps, but what sets Betterment apart? It's simple: Betterment is a robo advisor that leverages advanced technology to optimize your experience. Whether you're a novice investor or a seasoned stock market expert, Betterment tailors its services to meet your specific needs. Join the 800,000+ individuals who have trusted us with over $36 billion in assets.

As an independent digital investment advisor and fiduciary, Betterment's primary goal is to help you make the best decisions for your money so you can improve your overall quality of life. Getting started is quick and easy, with just $10 required and no minimum balance. Our user-friendly app allows you to keep track of your financial goals, both short-term and long-term.

New customers now earn a variable APY* of 5.50% (as of 8/16/23) on cash deposits. With a qualifying deposit, you can earn an additional 0.75% APY*, which is over 13 times** the national average. Plus, your earnings are protected by up to $2 million† in FDIC insurance through our program banks. For more information, visit betterment.com.

Be prepared for any market situation with our expert-built portfolios. Tailor your stock-and-bond risk level based on recommendations from industry professionals. Choose from our optimized, curated portfolios of ETFs, such as Innovative Tech, Goldman Sachs Smart Beta, or socially responsible investing options like Broad, Social, or Climate Impact portfolios.

Invest confidently with technology that optimizes for you in various market conditions. Our platform automatically rebalances your portfolio and reinvests dividends. Take advantage of automated tools like tax-loss harvesting and tax coordination between accounts to minimize your tax impact. You can also set up recurring deposits on your preferred schedule. If you have any questions, we offer abundant resources or the option to consult our financial advisors.

Retain more of your money with our affordable pricing model. Invest with us for just $4 per month, or pay an annual fee of 0.25% on your investing account balance if you meet any of the following criteria: a total Betterment balance of $20,000 or more across any accounts held at Betterment, or recurring deposits of $250 per month or more into any account. Upgrade to Premium for unlimited access to advisors at just 0.4% of your invested assets—a fraction of the cost compared to traditional advisors. Our advisors are CERTIFIED FINANCIAL PLANNER™ professionals who are salaried and never commissioned, resulting in significantly lower management fees.

Transform your life goals into tangible financial goals. Save for that exercise bike, your dream vacation, and more. Diversify beyond your 401(k) with an IRA. Utilize our projection tools to create a comprehensive plan and calculate how to achieve your target with our goal forecaster.

See the bigger picture with our all-in-one financial dashboard. Connect external accounts, monitor your net worth, and track your investment performance—all in one place.

Unlock additional benefits with Betterment. Invest in cryptocurrency with diversified expert-built portfolios and access in-depth resources. Manage everyday spending with Checking accounts and the Betterment Visa Debit Card provided and issued by nbkc bank, Member FDIC. Our checking services are made available through Betterment Financial LLC—all without the need for a traditional banking institution.

*

  • National average savings account interest rate is reported by the FDIC (as of 7/31/23) as the average annual percentage yield (APY) for savings accounts with deposits under $100,000.

Checking accounts and the Betterment Visa Debit Card are provided and issued by nbkc bank, Member FDIC. Checking services are made available through Betterment Financial LLC. Neither Betterment Financial LLC, nor any of their affiliates, is a bank.

Overview

Betterment Invest & Save Money is a Freeware software in the category Business developed by Betterment.

The latest version of Betterment Invest & Save Money is 8.71.0, released on 08/04/2024. It was initially added to our database on 09/12/2023.

Betterment Invest & Save Money runs on the following operating systems: Android/iOS.

Users of Betterment Invest & Save Money gave it a rating of 5 out of 5 stars.

Pros

  • User-friendly interface and platform
  • Offers a wide range of investment options
  • Automated investing features make it easy for beginners to start investing
  • Provides personalized financial planning advice
  • Low fees compared to traditional financial advisors
  • Goal-based investment options available

Cons

  • Not ideal for advanced investors who prefer more control over their investments
  • May not offer as many customization options compared to other investment platforms
  • Some users may find the lack of human interaction or personal financial advisor off-putting

FAQ

What is Betterment Invest & Save?

Betterment Invest & Save is a digital investment platform that helps users manage their money through automated investing and savings strategies.

How does Betterment manage my investments?

Betterment uses sophisticated algorithms to create a diversified portfolio based on your individual risk tolerance and investment goals.

Is there a minimum investment amount required to start?

No, Betterment does not require a minimum investment amount to open an account, allowing users to start investing with any amount.

What fees does Betterment charge?

Betterment charges an annual fee of 0.25% for its digital plan or up to 0.40% for its premium plan, which includes personalized financial advice.

Can I withdraw my money at any time?

Yes, you can withdraw your money at any time without penalty; however, it may take a few business days for funds to clear.

Does Betterment offer tax-loss harvesting?

Yes, Betterment provides tax-loss harvesting as part of its premium service, helping investors reduce their tax liabilities on capital gains.

How does Betterment help with saving money?

Betterment offers features such as goal-based saving and automated deposits to help users build their savings over time.

Is my personal information safe with Betterment?

Yes, Betterment employs bank-level security measures, including encryption and two-factor authentication, to protect your personal information.

Can I set specific financial goals with Betterment?

Yes, Betterment allows you to set specific financial goals, such as retirement or major purchases, helping you plan and achieve those objectives.

What types of accounts can I open with Betterment?

Betterment offers individual taxable accounts, traditional IRAs, Roth IRAs, and other retirement accounts suitable for various financial needs.


Boris Weber

Boris Weber

I am an editor at UpdateStar. I started as a support engineer, and am now specialized in writing about general software topics from a usability and performance angle among others. I telecommute from UpdateStar’s Berlin office, when I am not working remote as a digital nomad for UpdateStar. When I'm not analyzing the latest software updates, you can find me exploring new cities, immersing myself in local cultures, and discovering innovative tech trends across the globe.

Latest Reviews by Boris Weber

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