HYSA Betterment - using any one

[ilakatamaflia]

Bro, any one using betterment accounts in here plse shed some light ?

how is your accounts and transfers experinece ? 
 

[krishnaaa]

7 hours ago, ilakatamaflia said:

Bro, any one using betterment accounts in here plse shed some light ?

how is your accounts and transfers experinece ? 
 

I do....very happy with em.

5.5 apr

[maverick19]

8 hours ago, ilakatamaflia said:

Bro, any one using betterment accounts in here plse shed some light ?

how is your accounts and transfers experinece ? 
 

what are betterment accounts? 

[ilakatamaflia]

58 minutes ago, krishnaaa said:

I do....very happy with em.

5.5 apr

Thanks bro !

reviews  negatives unte doubt vochhindi…so asking some one who are using it practicaly

 

[ilakatamaflia]

1 hour ago, krishnaaa said:

I do....very happy with em.

5.5 apr

 

16 minutes ago, maverick19 said:

what are betterment accounts? 

High yield savings accnt ! Provider … 

[Konebhar6]

3 hours ago, ilakatamaflia said:

Thanks bro !

reviews  negatives unte doubt vochhindi…so asking some one who are using it practicaly

 

Y take risk. Fidelity and CIT Bank and many other banks giving 5+% interest and FDIC insured upto 250k.

[krishnaaa]

10 hours ago, Konebhar6 said:

Y take risk. Fidelity and CIT Bank and many other banks giving 5+% interest and FDIC insured upto 250k.

CIT bank is higher risk.

Betterment has 2M FDIC insurance.

250k is below Average.

[Konebhar6]

2 minutes ago, krishnaaa said:

Lol CIT bank is higher risk.

Betterment has 2M FDIC insurance.

250k is below Average.

I searched for betterment based on your post and now they are after me everywhere - Insta/FB, browser, etc.

Have'nt done much research. I would like to know more about them. Why don't you share ? Is this 5.25% an savings account?

[Konebhar6]

1 hour ago, krishnaaa said:

CIT bank is higher risk.

Betterment has 2M FDIC insurance.

250k is below Average.

Did you read the fine print on 2M FDIC Insurance? Its still not bad but $2M is a bit misleading.

Robinhood also says 1.6M FDIC insured. But when you read fine print, it says 250k FDIC insured for each account type - Roth IRA, Traditional IRA, Savings account, etc. 

Deposits at each Program Bank are insured by the FDIC up to $250,000 for each insurable capacity (e.g. individual or joint). In aggregate, funds deposited into Cash Reserve are eligible for up to $2,000,000 (or $4,000,000 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 eight Program Banks). Even if there are more than eight Program Banks, clients will not necessarily have deposits allocated in a manner that will provide FDIC insurance above $2,000,000 (or $4,000,000 for joint accounts)

 

[ilakatamaflia]

11 hours ago, Konebhar6 said:

Y take risk. Fidelity and CIT Bank and many other banks giving 5+% interest and FDIC insured upto 250k.

Bro!
Betterment also giving 5%.. (boosted rate )risk is evrywhere howvwer i would check for  smooth transfers no hasle withdraws … betterment also fdic insured thought it says -2mill insured but it doesnt bother much as i dnt have tat much lol 😄

[Konebhar6]

3 hours ago, ilakatamaflia said:

Bro!
Betterment also giving 5%.. (boosted rate )risk is evrywhere howvwer i would check for  smooth transfers no hasle withdraws … betterment also fdic insured thought it says -2mill insured but it doesnt bother much as i dnt have tat much lol 😄

Share more details brother. I went through their site. Decent portfolios. 
 

what did u invest in?

A lot of investment companies popping up with 12% yields. I try to be careful with them. No way to distinguish between them. 

[ilakatamaflia]

2 hours ago, Konebhar6 said:

Share more details brother. I went through their site. Decent portfolios. 
 

what did u invest in?

A lot of investment companies popping up with 12% yields. I try to be careful with them. No way to distinguish between them. 

Looking forward to place it in Cash reserve account , so i can withdraw any time and is with no restricitions . Its just like saving accnt but with better yield rates.

To me investment companies is for long run …where u wanna build the wealth .

[Konebhar6]

3 hours ago, ilakatamaflia said:

Looking forward to place it in Cash reserve account , so i can withdraw any time and is with no restricitions . Its just like saving accnt but with better yield rates.

To me investment companies is for long run …where u wanna build the wealth .

Same with me. Most of the cash is with Savings accounts.

[JUST444FUN]

I have CIT SAVINGS 5.05%
dont put more than 200k for safe side.