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Betterment Escalates Robo Battle With New 2.69 Percent Interest Rate

FYI: Digital advice platforms are no longer battling for an edge on fees, investment products or financial planning. The frontline today is interest rates.

Betterment is the latest robo-adviser to introduce banking features with Betterment Everyday, a checking and high-yield savings platform. The savings accounts, which are insured by the Federal Deposit Insurance Corp. up to $1 million, offer a 2.69% interest rate, which CEO Jon Stein claims is the highest rate for an FDIC-insured account on the market.
Regards,
Ted
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