Update 11/1/2019 – Rate lowered to 1.85% APY
Update 8/12/2019 – Rate lowered to 2.44% APY
The Betterment Everyday Savings can earn you a best APY of 2.69% with a small catch. You also need to join a waitlist for a checking account.
Open a Betterment Everyday Savings account and earn up to 2.69% APY. This is a promotional offer for individuals who sign up for the Betterment Everyday Checking waitlist and applies to cash deposited into Savings for the duration of 2019. APY is 2.43% as of 07-10-2019 without the promotional offer that adds another 0.25%. APY is a variable rate and may change at any time. Current APY can be found here.
- No minimum balance is required.
- There is a minimum deposit of $10.
- FDIC insured up to $1,000,000.00 on Savings and up to $250,000 on Checking
- Get ATM fees reimbursed worldwide, with no account fees, overdraft fees, or minimum balances. 1% foreign transaction fee applies.
This is the highest rate for high yield accounts, a spot previously held by Wealthfront. It does have the extra requirement of joining the waitlist for a checking account though, and the 2.69% APY is only until the end of the year.