Mal's Low-Deposit High-Yield Savings — Mal Baska

Product detail

Reviewed Jul 2026

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Special Offer

Betterment Cash Reserve

Special Offer 4.25% APY until February 15, 2027

Learn More About Betterment

New customers get an APY boost of 0.75% until February 15, 2027
Unlimited withdrawals with no fees on cash
Base rate of 3.50% variable APY as of 9/21/26
No minimum balance, $10 to start

Maximizing your Savings with Betterment

Betterment may be known for their robo-advisor, but their high yield cash management account is a great tool for short-term savings goals. The special offer to boost your APY is a huge help in growing your savings, and there's an easy process to make sure you're getting the most out of your Betterment account.

Open your Betterment account
Make at least one deposit in the first 14 days of opening
Set-up recurring deposits to continue your saving over time

Step 1: Open your Betterment account

Pretty easy place to get started online, so don't miss out on the Special Offer APY boost, while it's around.

Step 2: Make a deposit in the first 14 days

To get that Special Offer APY boost, you have to deposit at least $10 into the account in the first 14 days. Don't let that sneak up on you! Put a few hundred dollars into the account and get the savings started.

Step 3: Set-up recurring deposits to continue your savings over time

Stepping up a recurring strategy to put more money into a high-yield cash account is important to making your savings a meaningful amount of money over time.

Wrap-Up

Betterment has a great high yield cash management offering and a nice special offer for new customers, so get started today!

Legal & Disclosures

Advertiser Disclosure

MyWealthWallet is not a bank. We are a financial education and content platform. We may receive compensation when you click on links to products from our partners. This compensation may influence which products we write about and where and how they appear on the page. However, it does not influence our evaluations or recommendations. Our opinions are our own.

Betterment Cash Reserve Disclosures

Paid non-client. Views may not be representative. See App Store & Google Play reviews. Learn More at betterment.com/affiliate/mywealthwallet

Cash Reserve offered by Betterment LLC and requires a Betterment Securities brokerage account. Betterment is not a bank. Learn More (betterment.com/cash-portfolio). Annual percentage yield (variable) is 3.50% as of 9/21/2026 plus a 0.75% boost (“APY Boost”) on balances up to $1M for new clients with a qualifying deposit. $10 min deposit for base APY. Terms apply (betterment.com/boost); if the base APY changes, the Boosted APY will change.

FDIC insurance provided by Program Banks (betterment.com/cash-portfolio), subject to certain conditions. Up to $8M (jt.)/$4M (ind.) applies to eligible cash.

Betterment primarily earns revenue through management fees (AUM-based or flat monthly fees), compensation from program banks on cash, securities lending activities, and payment for order flow. Learn more: betterment.com/fee.

Last updated: July 2026