Looking for a new, simple place to invest? This week’s Free Money [1] Friday offer from Betterment [2] may be for you!
Betterment is offering a $25 sign up bonus for 5 minutes of your time.
How to Get Your Sign Up Bonus
- Open a new Betterment [2] account.
- Make an initial deposit of at least $250 within 60 days of signup.
- Get a $25 bonus.
Betterment Terms and Conditions
- The offer is valid only for new individual accounts with Betterment [2].
- To qualify for the bonus, you must make an initial deposit of $250 within 60 days of signup and not withdraw that initial deposit for 60 days.
- Offer available to U.S. Residents only.
More on Betterment
Betterment account details. Details of the Betterment [2] investment account include:
- No minimum balance.
- No transaction fees or commissions.
- Betterment is a member of the Securities Investor Protection Corporation (SIPC), which means the securities in your account are protected up to $500,000.
What exactly is Betterment? Betterment [2] is a personal investment account that will invest based on a stock/bond asset allocation you select when you sign up. Betterment uses ETFs to achieve the allocation and will make the trades for you.
How does Betterment make money? Betterment [2]‘s fee is a straightforward 0.3% to 0.9% depending on your balance. If you open an account for the bonus with $250, the fee is 0.9% annually.
A note from Madison: I signed up to see if the 5 minute claim was right…. and they were, it only took me 4 minutes to sign up! In addition, my $25 bonus was credited immediately after I verified my bank account (even before the $250 transferred).