Author Topic: Betterment Savings Account - 2.69%  (Read 261 times)

dustball

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Betterment Savings Account - 2.69%
« on: August 05, 2019, 11:43:33 AM »
Hi All,

I saw that betterment provide a savings account with interest rate 2.69% if we joint for their checking account waiting list.
It looks good but just want to make sure that it's not a good to be true deal.
What do you guys think about this product?
Thanks.

Sam

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Re: Betterment Savings Account - 2.69%
« Reply #1 on: August 05, 2019, 08:41:44 PM »
It’s a great deal. And I did mention it in my newsletter a couple weeks ago. With a 10 year bond yield tanking and the Fed cutting rates, this is the highest interest-rate I’ve seen. Betterment is losing money and subsidizing the savers to try to cross sell and manage more money.

It’s a way of marketing. Customer acquisition cost. Worth taking advantage in my opinion.
Regards,

Sam

dustball

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Re: Betterment Savings Account - 2.69%
« Reply #2 on: August 06, 2019, 11:51:17 AM »
Thanks for the input Sam.
Will open an account then.

myamnesia

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Re: Betterment Savings Account - 2.69%
« Reply #3 on: August 07, 2019, 03:16:33 PM »
Ally have cut their saving account rate twice recently, do you think Betterment will only offer this rate for a limited time? If so is it worth opening an account and moving money over only for the rate to drop?

Thanks!

Jamie

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Re: Betterment Savings Account - 2.69%
« Reply #4 on: August 08, 2019, 11:06:21 PM »
Oh wow that's a great rate for a savings account!! Shame on me for still having a savings account with something like less than 0.3% interest