Betterment has added a minimum $4 monthly fee on their investment accounts. Their regular fee is .25% of you balances, and they’ll now added a tier for those with less than $20,000 invested to pay $4/month.
The annual price will remain the same (0.25% for Digital; 0.40% for Premium) for customers with a $20,000+ balance or who have recurring deposits of $250+ each month. No-fee products like Cash Reserve, Checking, and financial planning tools will remain unchanged.
The pricing shift is worth keeping in mind for someone who signed up with a small balance to test the waters or the like.
For the math inclined, there is a small window of investors who have around $19,500 in their account who will actually save with the $4/month structure versus the .25% structure. 🙂
Hat tip to Grant
