Savings accounts carry minimal risk of loss of value (savings in a bank account are protected by the FDIC up to $250,000), while investments involve risk of loss of value, due to market ups and downs.

Compound interest rate of return is assumed to be 0.07% compounded monthly and is equivalent to the national average savings account interest rate as of March 31, 2021, as reported by the FDIC for deposits under $100,000. Annual investment return is assumed to be 7% each year. The investment performance is not attributable to any actual Betterment portfolio nor does it reflect any specific Betterment performance. As such, it is not net of any management fees. The balance projections are based on an initial deposit equal to the monthly deposit selected. Monthly recurring deposits, equal to the monthly deposit amount selected, are assumed to be made at the beginning of the month and interest is paid and investing returns are reflected in balance at the end of the month. All investing returns and interest paid are assumed to be immediately reinvested. Hypothetical examples are for illustrative purposes only, and market conditions can and will impact performance.