Uber x Betterment: Flexible Options to Save for the Future
Let’s face it: Saving — especially for the long term — is tough. Whether it’s an unexpected bill or a weekend splurge, too often the money we meant to stash away for tomorrow tends to find its way out the door today. And it’s not just a few of us who find it difficult to save.
According to the Federal Reserve, nearly one–third of Americans have no retirement savings or pension. And research consistently shows that when people have access to a retirement account, they’re more likely to save than not.
That’s why we’re excited to announce a partnership with Betterment, the largest independent robo-advisor, to offer flexible retirement accounts with no fees for the first year exclusively to people who drive with the Uber platform.
Starting today, drivers in select cities can use the Uber app to open a Betterment IRA or Roth IRA for free for the first year. People who drive with Uber can get started with no minimum account balance, and Betterment’s team of experts is available seven days a week to walk investors of every skill level through every step of the investment process.
“I love being my own boss,” said Gary K., who drives with Uber in Seattle, Washington. “The ability to save money and invest in my own future and retirement through the app is just awesome.”
This offer is available to drivers in Seattle, Boston, Chicago and New Jersey, and we plan to work with Betterment to roll it out nationwide soon as part of our Driver Rewards program of rewards and discounts, available exclusively to people who drive with the Uber platform.
“Saving for retirement is a tough task for many working Americans, including those who are self-employed or starting their own business,” said Eli Lehrer, President and Co-Founder of the R Street Institute. “This partnership is an example of how on-demand platforms like Uber can play a constructive role in connecting people to new options to save for the long-term and control their financial futures.”
With Uber, you can push a button and get work. And now, drivers can use the same innovative app that gives them complete control over their time and schedule to have the opportunity to take control of their financial future as well.
Whether you’re a freshman or a senior headed back to campus this fall, one thing is certain—you’ll need to eat. And there is nothing worse than being limited to questionable cafeteria food or taking a chance on expired leftovers in the back of the fridge. The best news? UberEATS is expanding to 30+ major college campuses by the end of the year, from Penn State to LSU to Boise State. Since we want you to focus on what you love about college and not worry about your next meal, we’re predicting the 5 times you’ll need to order UberEATS this semester.
We are excited to surpass the 100th city mark by welcoming two Brazilian cities, Rio de Janeiro and Belo Horizonte, to the UberEATS family. From Atlanta to Warsaw, people have truly embraced this easy and reliable way to discover the food they love at the push of a button. Whether that’s an Indian inspired samosa, a good old-fashioned American burger or Vietnamese pho, people in 27 countries are using UberEATS to get a taste of the world’s flavors at the push of a button.
We’re excited to expand the Uber for Business platform beyond business travel, to include a world-class customer transportation solution, Uber Central. With Uber Central, organizations of all shapes and sizes can now easily provide on-demand, door-to-door transportation for their customers, clients, and guests.