High-Yield Deposit Accounts Come To Robo-Advisory Service Betterment
PYMNTS
JULY 24, 2019
The average national yield of savings accounts is 0.10%, whereas Betterment’s annual yield is 2.69%. Like other FinTechs, Betterment will partner with FDIC-insured institutions since it doesn’t have a bank charter. Checking accounts will be insured up to $250,000 and savings accounts up to $1 million.
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