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Brendan Byrnes is the Managing Director at Motley Fool Money, where he leads business strategy and editorial operations. Since joining The Motley Fool in 2011, he has written hundreds of articles, contributed investing and market analysis, and appeared on CNBC and Fox. Earlier in his career at The Motley Fool, he interviewed executives and thought leaders from across the investing and business world. Brendan holds a degree in finance from Virginia Tech.
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A Roth IRA is one of the most flexible retirement accounts out there. Your money grows tax-free, and you can withdraw your original contributions anytime without taxes or penalties.
But which broker you choose for your Roth IRA really matters. Some providers offer better investment options, lower fees, and tools that make long-term growth easier.
Our team has reviewed dozens of Roth IRA accounts, read all the fine print, and ranked the best providers for 2026 below.
In a hurry? Start with these two top picks:
SoFi Active Investing: SoFi® offers a low-cost Roth IRA with no fees, solid investment options, and a 1% match on contributions and rollovers. Great if you want everything in one place.
Robinhood Retirement: Robinhood's offers up to a 3% IRA match for Robinhood Gold members (1% for standard users), plus a clean app and access to stocks, ETFs, and crypto.
Our team of experts assessed 45+ trading platforms
We evaluate all brokerage accounts across the same 4 key criteria: user experience, cost efficiency, product variety, and support and security
Our brokerage ratings are never influenced by our advertising partners
We strictly feature products that offer federal insurance and high customer satisfaction, keeping our recommendations unbiased
4.5/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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= Excellent
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4.5/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
Best For:
All-in-one app
Fees:
$0 for stocks, $0 for options contracts
Get up to $1,000 in stock when you fund a new account.
Customer must fund their Active Invest account with at least $50 within 45 days of opening the account. Probability of member receiving $1,000 is 0.026%. Percentages for the $1,000 are subject to decrease.
4.5/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
4.5/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
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Best For:
1%-3% IRA match
Fees:
$0 for stocks, ETFs, and options; up to $5 monthly for Robinhood Gold
4.5/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
4.5/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
4.0/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
4.0/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
5.0/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
5.0/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
4.5/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
4.5/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
Best For:
Brick-and-mortar customer service
Fees:
$0 stock, ETF, and Schwab Mutual Fund OneSource® trades. No fees to buy fractional shares.
4.5/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
4.5/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
4.5/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
4.5/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
Best For:
Low-cost passive investing
Fees:
$0 per trade, management fee of $4 per month or 0.25% per year
At Motley Fool Money, brokerages are rated on a scale of one to five stars. We primarily focus on fees, available assets, and user experience; however, we also take into account features like research, education, tax-loss harvesting, and customer service. Our highest-rated brokerages generally include low fees, a diverse range of assets and account types, and useful platform features.
Our aim is to maintain a balanced best-of list featuring top-scoring brokerages from reputable brands. Ordering within lists is influenced by advertiser compensation, including featured placements at the top of a given list, but our product recommendations are NEVER influenced by advertisers. Learn more about how Motley Fool Money rates brokerage accounts.
At Motley Fool Money, brokerages are rated on a scale of one to five stars. We primarily focus on fees, available assets, and user experience; however, we also take into account features like research, education, tax-loss harvesting, and customer service. Our highest-rated brokerages generally include low fees, a diverse range of assets and account types, and useful platform features.
Our aim is to maintain a balanced best-of list featuring top-scoring brokerages from reputable brands. Ordering within lists is influenced by advertiser compensation, including featured placements at the top of a given list, but our product recommendations are NEVER influenced by advertisers. Learn more about how Motley Fool Money rates brokerage accounts.
4.5/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
Bottom Line
SoFi stands out with a simple IRA setup process and low fees, in addition to a wealth of other products at your fingertips, all accessible in the same app.
Get up to $1,000 in stock when you fund a new account.
Customer must fund their Active Invest account with at least $50 within 45 days of opening the account. Probability of member receiving $1,000 is 0.026%. Percentages for the $1,000 are subject to decrease.
Personally, I've found that consolidating my finances in one place makes it seamless to save more and grow my nest egg effortlessly. That's exactly what SoFi Active Investing is great for.
With a clean, all-in-one platform that covers investing, banking, and borrowing, SoFi® makes managing your entire money plan straightforward. And the 1% IRA match on contributions and rollovers is a rare bonus that gives your account an extra boost. Terms apply.
4.5/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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= Excellent
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Bottom Line
Robinhood is a simple, low-cost brokerage with a few rare perks. It matches retirement deposits like an employer, the interface is gorgeous, and it's extremely affordable. No matter what or how you trade, Robinhood fees tend to match or beat the competition. It's worth a look.
$0 for stocks, ETFs, and options; up to $5 monthly for Robinhood Gold
Account Minimum:
$0
SPECIAL OFFER
Earn up to 3% extra on annual IRA contributions with Robinhood Gold. Subscription and terms apply.
The 3% matching on contribution requires a subscription with Robinhood Gold (fees apply), must be subscribed to Gold for 1 year after your contribution to keep the full 3% match. You must have compensation (wage income) in order to contribute to an IRA. The funds that earned the match must be kept in the account for at least 5 years to avoid a potential Early IRA Match Removal Fee. For more information refer to the IRA Match FAQ.
Robinhood Retirement offers one of the most competitive IRA matches in the game. Robinhood Gold members can earn up to a 3% match on contributions -- a rare find among brokerages. Robinhood Gold membership requires a subscription fee, but even standard Robinhood users enjoy a 1% match. That's still impressive in the world of IRAs.
Robinhood's app is designed with simplicity in mind, making it easy to start saving for retirement -- even if you're new to investing.
For a wide selection of IRAs: E*TRADE from Morgan Stanley
4.5/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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Bottom Line
E*TRADE is a strong option for IRAs with hundreds of commission-free ETFs and over 4,000 no-transaction-fee mutual funds. Additionally, there are no account minimums for Roth IRA accounts.
Get up to $10,000 when you open and fund a new eligible E*TRADE retirement account. Terms apply.
Open a new eligible E*TRADE retirement account, fund your account within 60 calendar days of opening, and earn a cash credit of up to $10,000, depending on the size of your deposit. Offer good for one use per customer, on a single new eligible E*TRADE retirement account. Please read full terms and conditions on our website.
E*TRADE from Morgan Stanley shines with its broad selection of IRAs, making it a great choice for anyone looking to diversify their retirement savings. The IRAs on offer include:
Traditional IRA
Roth IRA
IRA for Minors
SEP IRA
SIMPLE IRA
In addition to variety, E*TRADE provides extensive educational resources and low fees. If you want flexibility in how you save for retirement, E*TRADE has you covered.
4.0/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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Bottom Line
Public is an investing platform that simplifies trading stocks, bonds, ETFs, options, and crypto. With zero fees on many trades, Public stands out as a low-cost brokerage, while also providing yield-focused products to help you earn returns on your cash.
With Public, you can open a Roth IRA to buy stocks, ETFs, and bonds. You can trade options, which is rare among IRAs, and even get money back in the form of rebates on your stock and ETF trades.
Public lets you set up repeat buys with ready-made plans or ones you create. Once you reach the yearly IRS limit, it stops the money from coming in, so you don't have to worry about contributing too much.
Right now, move your 401(k) or IRA to Public for a bonus. The amount of the bonus depends on how much you transfer. Free money in exchange for rolling over or transferring your retirement funds is a hard perk to beat!
5.0/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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Bottom Line
We rate Fidelity as one of the best Roth IRA accounts with pretty much every feature you'd need: an intuitive platform and tools, a strong selection of funds and ETFs, excellent customer service, and no account fees or account minimums.
Fidelity is a strong all-around choice for both beginners and experienced investors alike. It gives you access to research from 20+ independent firms, advanced planning tools, and everything you need to build and manage a custom strategy if that's your thing.
But one of my favorite features -- especially for beginners and long-term investors -- is Fidelity's lineup of zero-cost index funds. They're a simple way to build a diversified portfolio without paying a penny in fund fees.
For brick-and-mortar customer service: Charles Schwab
4.5/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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= Excellent
= Good
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= Poor
Bottom Line
Schwab sports hundreds of no-commission ETFs and the largest amount of no-transaction-fee mutual funds of any broker we evaluated, and individual stock trades are now $0. Its lineup of retirement accounts expands beyond just online access to robust account management capabilities via its mobile app.
Charles Schwab is one of the few brokers with hundreds of physical branches nationwide, making it a great fit for investors who appreciate face-to-face service.
Schwab also offers 24/7 customer support by phone and live chat, plus a deep library of education tools for retirement planning, investing, and more. The platform is also very beginner-friendly including a wide range of investment choices and low-cost options.
Schwab won Motley Fool Money's Best Overall Stock Broker for IRA Investors award in 2026, and it's easy to see why: top-tier customer service, strong research tools, and a platform that grows with you.
4.5/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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= Excellent
= Good
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Bottom Line
Wealthfront is a robo-advisor that offers great value with a robust mix of account types, low fees, and a low account minimum.
Wealthfront takes the guesswork out of investing with its fully automated approach. As a robo-advisor, Wealthfront builds and manages your portfolio, rebalancing it automatically to align with your goals.
With low fees, a high-yield cash account, and the ability to borrow against your investments, Wealthfront is an excellent choice for hands-off investors who still want top-tier results.
4.5/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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= Excellent
= Good
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Bottom Line
Betterment is a robo-advisor with a great mix of features: low fees, no account minimum, fractional shares, and socially responsible investment options.
Fees:
$0 per trade, management fee of $4 per month or 0.25% per year
Betterment is another top-notch robo-advisor that personalizes your portfolio based on your financial goals and risk tolerance. It's designed to make passive investing simple and affordable.
In addition to its investment management, Betterment offers options like a cash account, checking account, and an intuitive mobile app, making it a solid choice for those who want low-cost, hassle-free investing.
How to choose a Roth IRA
Not all Roth IRAs are the same -- and selecting the right one can supercharge your retirement savings. Here are some key factors to consider when choosing a brokerage for your Roth IRA:
Fees: Check for account or trading fees that could reduce your savings.
Investment choices: Look for a variety of investment options -- such as stocks, bonds, ETFs, and mutual funds -- so you can build a diversified portfolio.
Robo-advising: If you prefer a hands-off approach, consider brokerages that offer robo-advisors to manage your portfolio automatically.
Minimum investment: Some brokerages require a minimum amount to open an account. Ensure it aligns with your budget.
Contribution matches: Although rare, some brokerages may match your contributions, helping you grow your savings faster.
How much can I contribute to a Roth IRA?
In 2026, here are the maximum contribution limits for IRAs:
You can contribute up to $7,500
If you're 50 or older, you can contribute $8,600
But your income matters too:
You can contribute the full amount if you make under $153,000 (single) or $242,000 (married)
Above that, the limit starts to shrink
If you make over $168,000 (single) or $252,000 (married), you can't contribute directly to a Roth IRA.
If you're in that upper range, you can consider using the backdoor Roth method. This is a legal workaround some high earners use.
Also note: The annual contribution limit applies to all your IRAs combined, not each one separately. So if you have both a Roth and a traditional IRA, your total contribution across both accounts can't exceed $7,500 (or $8,600 if you're 50+).
Pros and cons of Roth IRAs
Pros
Tax-free growth: Investments grow tax free, and withdrawals in retirement are not taxed.
Flexible withdrawals: You can withdraw contributions (but not earnings) without penalties for certain needs, like buying a home.
No RMDs: Unlike traditional IRAs, Roth IRAs don't require mandatory withdrawals.
Cons
Contribution limits: Annual contributions are capped.
No immediate tax benefit: Contributions are made with after-tax dollars, so you don't receive a tax deduction upfront.
Roth IRA vs. traditional IRA
There are several differences between a Roth IRA vs. a traditional IRA. Here are a few to help you compare:
Traditional IRA: Get an upfront tax deduction, but withdrawals are taxed.
Income limits:
Roth IRA: Contributions are limited based on income.
Traditional IRA: No income restrictions for contributions.
Required minimum distributions:
Roth IRA: No required minimum distributions.
Traditional IRA: Required minimum distributions start in your early 70s.
Final thoughts
Picking the right Roth IRA provider is a big step, but it doesn't have to be complicated. Whether you care most about low fees, solid investment options, or helpful support, there's a good fit out there.
The real win comes from being consistent with contributions after your account is open. Even small investment amounts can add up over time, especially when your money grows tax-free.
Check in on your retirement plan once in a while, and if you're unsure about investing in stocks, it's totally fine to ask a pro for help.
Yes, you can contribute to both and maximize your retirement savings.
If you contribute when you're not eligible, the IRS will impose a tax penalty on the excess contributions. Monitoring your income and limits carefully can help you avoid this issue.
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Brokerages we evaluated for consideration on this page: Acorns, Ally Invest, Axos Self-Directed Trading, Betterment, Cash App Investing, Charles Schwab, Delphia, Domain Money, Ellevest, Empower, eToro Brokerage, E*TRADE Core Portfolios from Morgan Stanley, E*TRADE from Morgan Stanley, Fidelity, Fidelity Cash Management, Fidelity Go®, Firstrade, FOREX.com, Interactive Brokers, J.P. Morgan Self-Directed Investing, M1 Finance, Magnifi, Marcus Invest, Merrill Edge® Self-Directed, Moomoo, NinjaTrader, Personal Capital, Plynk, Prosperi Academy, Public, Robinhood, Rocket Dollar, Schwab Intelligent Portfolios, SoFi Active Investing, SoFi Robo Investing, Stash, Stockpile, tastytrade, Titan, Tornado App, TradeStation, Tradier, Vanguard, Vanguard Digital Advisor®, Wealthfront, Webull, Zacks Trade.
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. Motley Fool Money does not cover all offers on the market. Motley Fool Money is 100% owned and operated by The Motley Fool. Our knowledgeable team of personal finance editors and analysts are employed by The Motley Fool and held to the same set of publishing standards and editorial integrity while maintaining professional separation from the analysts and editors on other Motley Fool brands.
Terms may apply to offers listed on this page.
Motley Fool Stock Disclosures
JPMorgan Chase is an advertising partner of Motley Fool Money. Bank of America is an advertising partner of Motley Fool Money. Citigroup is an advertising partner of Motley Fool Money. Ally is an advertising partner of Motley Fool Money. Charles Schwab is an advertising partner of Motley Fool Money. Wells Fargo is an advertising partner of Motley Fool Money. Brendan Byrnes has positions in Wells Fargo. The Motley Fool has positions in and recommends Alphabet, Axos Financial, Best Buy, Interactive Brokers Group, Intuit, JPMorgan Chase, and Target. The Motley Fool recommends Charles Schwab and recommends the following options: long January 2027 $43.75 calls on Interactive Brokers Group, short January 2027 $46.25 calls on Interactive Brokers Group, and short March 2026 $100 calls on Charles Schwab. The Motley Fool has a disclosure policy.
Robinhood Retirement Disclosure:
Robinhood disclosure
All investments involve risk and loss of principal is possible.
Securities are offered through Robinhood Financial LLC, member FINRA/SIPC. Cryptocurrency services are offered through an account with Robinhood Crypto, LLC (NMLS ID 1702840). Robinhood Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Cryptocurrency held through Robinhood Crypto is not FDIC insured or SIPC protected. For more information see the Robinhood Crypto Risk Disclosure.
Trades of stocks, ETFs and options are commission-free at Robinhood Financial LLC. Other fees may apply. Please see Robinhood Financial’s Fee Schedule to learn more.
Fractional shares are illiquid outside of Robinhood and are not transferable. Not all securities available through Robinhood are eligible for fractional share orders. For a complete explanation of conditions, restrictions and limitations associated with fractional shares, see the Fractional Shares section of our Customer Agreement.
Robinhood Gold is an account offering premium services available for a $5 monthly fee. Not all investors will be eligible to trade on Margin. Margin investing involves the risk of greater investment losses. Additional interest charges may apply depending on the amount of margin used. Bigger Instant Deposits are only available if your Instant Deposits status is in good standing.
Investing is risky. Bonus offers subject to terms and conditions, visit robinhood.com/hoodweek for more information. Margin is not suitable for all investors. Robinhood Gold is offered through Robinhood Gold LLC and is a subscription offering services for a fee. Brokerage services offered through Robinhood Financial LLC (member SIPC), a registered broker dealer.
You must have compensation (wage income) in order to contribute to an IRA.Funds being contributed into or distributed from retirement accounts may entail tax consequences. Contributions are limited and withdrawals before age 59 1/2 may be subject to a penalty tax. Robinhood does not provide tax advice; please consult with a tax adviser if you have questions.
The Robinhood IRA is available to any U.S. customer with a Robinhood brokerage account in good standing.
All investments involve risk and loss of principal is possible.
E*TRADE from Morgan Stanley Disclosure:
E*TRADE services are available just to U.S. residents.
Fidelity Disclosure:
Fidelity disclosure Fractional share quantities can be entered out to 3 decimal places (.001) as long as the value of the order is at least $1.00. Dollar-based trades can be entered out to 2 decimal places (e.g. $250.00)
Betterment Disclosure:
Betterment disclaimers
†Betterment Cash Reserve ("Cash Reserve") is offered by Betterment LLC. Clients of Betterment LLC participate in Cash Reserve through their brokerage account held at Betterment Securities. Neither Betterment LLC nor any of its affiliates is a bank. Through Cash Reserve, clients' funds are deposited into one or more banks ("Program Banks") where the funds earn a variable interest rate and are eligible for FDIC insurance. Cash Reserve provides Betterment clients with the opportunity to earn interest on cash intended to purchase securities through Betterment LLC and Betterment Securities. Cash Reserve should not be viewed as a long-term investment option.
Funds held in your brokerage accounts are not FDIC‐insured but are protected by SIPC. Funds in transit to or from Program Banks are generally not FDIC‐insured but are protected by SIPC, except when those funds are held in a sweep account following a deposit or prior to a withdrawal, at which time funds are eligible for FDIC insurance but are not protected by SIPC. See Betterment Client Agreements for further details. Funds deposited into Cash Reserve are eligible for up to $1,000,000.00 (or $2,000,000.00 for joint accounts) of FDIC insurance once the funds reach one or more Program Banks (up to $250,000 for each insurable capacity—e.g., individual or joint—at up to four Program Banks). Even if there are more than four Program Banks, clients will not necessarily have deposits allocated in a manner that will provide FDIC insurance above $1,000,000.00 (or $2,000,000.00 for joint accounts). The FDIC calculates the insurance limits based on all accounts held in the same insurable capacity at a bank, not just cash in Cash Reserve. If clients elect to exclude one or more Program Banks from receiving deposits the amount of FDIC insurance available through Cash Reserve may be lower. Clients are responsible for monitoring their total assets at each Program Bank, including existing deposits held at Program Banks outside of Cash Reserve, to ensure FDIC insurance limits are not exceeded, which could result in some funds being uninsured. For more information on FDIC insurance please visit www.FDIC.gov. Deposits held in Program Banks are not protected by SIPC. For more information see the full terms and conditions and Betterment LLC's Form ADV Part II.
**The annual percentage yield ("APY") on the deposit balances in Betterment Cash Reserve ("Cash Reserve") is 4.00% and represents the weighted average of the APY on deposit balances at the banks participating in Cash Reserve (the "Program Banks") and is current as of Feb. 6, 2023. This APY is variable and subject to change daily. Deposit balances are not allocated equally among the participating Program Banks. A minimum deposit of $10 is required, but there is no minimum balance required to be maintained. The APY available to a customer may be lower if that customer designates a bank or banks as ineligible to receive deposits. APY applies only to Cash Reserve and does not apply to checking accounts held through Betterment Checking. Cash Reserve and Betterment Checking are separate offerings and are not linked accounts.
For Cash Reserve (“CR”), Betterment LLC only receives compensation from our program banks; Betterment LLC and Betterment Securities do not charge fees on your CR balance.
2026 Award Winner
