Betterment Promotions 2022: 1 Year Free Investing & Referral Bonuses Promo 2022

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See current Betterment ( promotions and sign-up offers updated here. Betterment and Wealthfront are two of the most popular players in automated investing. They’re also known as Robo-Advisors in the investment community.

Betterment is pretty much a lower cost alternative to hiring an investment advisor. The thing is, investment advisors typically only work with people with high net worths anyway. Betterment gives you investment advice in an automated fashion. This saves them money and in turn saves money for you.

Using automation, they are able to maximize your return on investments, all while minimizing a lot of the risk associated with investing in the market.

Betterment is a reputable service and has been featured in The New York Times, The Wall Street Journal, Forbes and Bloomberg.

Current promotions are below.

Featured Investing Promotions

Betterment Promotion: 12 Months Of Free Service

Right now you can receive up to 12 months of free service from Betterment with an initial deposit of at least $15,000.

  • You must fund at least the $15,000 initial deposit within 45 days of signup
  • This promotion is not valid with any other offers and is non-transferable.
  • Offer available to U.S. Residents only.
Deposits within 45 days Bonus Free Management
$15,000 – $99,999 1 Month Free
$100,000 – $249,999 6 Months Free
$250,000+ 1 Year Free

If you’re a high capital investor with at least $100k to invest, you may want to consider Personal Capital, which has a robo-advisory service along with industry leading human financial advisor services. See the list of the current best Robo-Advisors here.

Betterment Cash Reserve Account

  • Earn an APY rate of 1.10%*
  • Betterment Cash Reserve is a no-fee cash account designed specifically for the money you save every day.
  • You can create separate stashes of cash for specific goals, and set up auto-deposits for each.


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 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 1.10% 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 June 22, 2022. 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.

Betterment Referral Bonus: Extra Free Year

Promo has updated to a “special” offer. See the link for details.


You can earn an extra free year of Betterment service with their referral offer, on top of the initial free service promotion above.

About Betterment

When it comes to investing, most people think of Wall Street and high-priced stockbrokers. The truth is, you don’t need a lot of money to get started in investing. In fact, there are a number of companies that will help you get started with as little as $100. One of the leaders in this category is Betterment. Let’s take a closer look at what they have to offer.

Betterment is a clear leader among robo-advisors, offering two service options: Betterment Digital provides automated portfolio management and charges 0.25% annually. Betterment Premium provides unlimited phone access to certified financial planners for a 0.40% fee and $100,000 account minimum.

Betterment is a great tool for anyone who wants to invest without having to put in a lot of time and effort. For me, it was really easy to set up and get started, and I like that I can just set it and forget it. I don’t have to worry about managing my investments myself, which is nice.

I like that Betterment offers two different service options because it allows people to choose the level of service that they’re comfortable with. For me, I went with the Digital option because I’m pretty comfortable managing my own finances. But for someone who’s just starting out, or who wants more hand-holding, the Premium option might be a better fit.

One thing to keep in mind is that there is a $100,000 account minimum for the Premium service. So if you’re not looking to invest that much money, you’ll need to go with the Digital option. But overall, I think Betterment is a great choice for anyone who’s looking for a robo-advisor.

Have you ever used a robo-advisor? What was your experience? Let me know in the comments!


What do you think?

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