Referral Receiver Cash Reserve Rate 2024 Offer Terms and Conditions

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 referral offer by clicking the special designated link from your invitation, opening an individual or joint Cash Reserve account within 7 days of receipt of the referral invitation, and then completing a deposit into the Cash Reserve account within 7 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 0.75% on top of the current standard Cash Reserve rate (“APY Boost”) for 92 days starting from the date of your initial deposit to your Cash Reserve account (the “promotional period”). The Cash Reserve Rate is currently 5.00% but is subject to change, including during the promotional period. For example, if the standard Cash Reserve Rate decreases during the promotional period, your promotional rate will also decrease. Please note that the Cash Reserve APY is variable and only applies to Cash Reserve accounts or Cash Reserve goals, not investments. At the end of the promotional period, your interest rate will return to the standard Cash Reserve rate at that time. If you elect to exclude Cash Reserve deposits from one or more participating Program Banks, Betterment is unable to guarantee you will receive the promotional rate regardless of whether you have made a qualifying deposit. Betterment is not responsible for incorrect entry or other failure on the part of you or your referring friend to meet the standards of a qualifying deposit.

The referring friend who sent you this invitation is a Betterment client and has done so through the Refer a Friend program offered by Betterment LLC ("Betterment"). Your referring friend has informed you that they are a client of Betterment and, if you fund a new account, they receive compensation for this referral. You can see what others say about Betterment in reviews in the App Store and Google Play Store. The referring friend is a promoter who is incentivized to recommend Betterment pursuant to the terms and conditions herein, which is a conflict of interest. If you, using the specially designated link in your invitation, open within 7 days of referral invitation receipt, and fund within 7 days of opening a Betterment Cash Reserve account, Betterment will (1) if your friend is eligible for an additional offer, apply the promotional rate on your referring friend's Cash Reserve account with the highest balance for a period of 92 days, with such period determined by Betterment LLC (a “referral promotion”), or (2) waive its investment management fees that would otherwise apply to up to $25,000 of your referring friend's investment account balance for a period of 365 days, with such period determined by Betterment LLC (a "fee waiver"). Your referring friend will not receive (1) a fee waiver if they have already referred five other friends to Betterment LLC and will not receive more than one fee waiver through this program if you open both a Checking Account and a Betterment investing account, and (2) more than one APY Boost. Even if your friend is not eligible for a fee waiver or APY Boost, you can still receive one.

This promotion is not valid with any other offers, and it is non-transferable. Offer available to U.S. Residents only. Accounts advised through the Betterment for Advisors platform and balances held in 401(k) plans managed by Betterment at Work are excluded from this offer.

Betterment reserves the right to terminate this offer at any time, to limit account bonuses you are eligible to receive, and to refuse or recover any promotion award if Betterment determines that it was obtained under wrongful or fraudulent circumstances, that inaccurate or incomplete information was provided in opening the account, or that any terms of the Betterment Account Agreements have been violated. Betterment also reserves the right to offer the promotional rate at its discretion to customers who have not made a qualifying deposit.