![]() Acorns SustainableĪcorns Sustainable is the platform’s newest product. The bank account also comes with a debit card, early direct deposit, and access to more than 55,000 fee-free ATMs. Your round-ups and recurring deposits will get into your investment accounts faster, and you won’t have to worry about linking anything. ![]() The main benefit of the checking account is a simplified transaction. It’s included when you sign up for either a Personal or Family plan and has no additional fees. Acorns CheckingĪcorns Checking, formerly known as Acorns Spend, is an online checking account. It also means that the money is easily transferable when your kid comes of age. Just set up recurring deposits of at least $5 per day, week, or month, and watch that money grow.Įarly accounts are designated as UTMA/UGMA accounts, meaning that the contents of the account can be used for anything that benefits the child. If you upgrade to Acorns Family ($5 per month), you can open multiple Early accounts for each of your kids.Īcorns Early works similarly to Acorns Later. Acorns EarlyĪcorns Early is a custodial account for children. From there, it’s easy to make regular, automated contributions to the account (Acorns recommends a $5 per day recurring investment). You can start investing in your retirement with as little as a $5 minimum investment. You can choose from a Roth IRA, Traditional IRA, or SEP IRA, and Acorns will help you select the best option. Acorns LaterĪcorns Later is the platform’s retirement account, and it comes included when you sign up for a standard investment account. ![]() These bonuses automatically transfer to your account but can take at least 60 days to show up. When you make purchases, you’ll earn cash back bonus investments. These include Walmart, Apple, Nike, and more. Once it’s active, it tracks your online purchases from its more than 15,000 partner retailers. With this feature, the app dips its toes into the world of cash-back affiliate marketing.Īcorns offers a browser extension, which you can download from the website. Acorns EarnĪcorns Earn is formerly known as Found Money. So while your money will almost certainly grow in your Acorns account, don’t expect to turn around massive gains quickly, no matter how aggressive you are. It’s important to note here that, while the Round-Ups™ feature is handy, investing your spare change is not a get-rich-quick avenue. It all comes down to your financial goals and risk tolerance, and you can adjust your approach at any time. You can choose a conservative portfolio option, with low-risk slow burn investments, or choose to be more aggressive. From there, Acorns takes the reins.įortunately, you’ll still retain some control over your investment strategy. With the Acorns automated investment account, you can start your portfolio for as little as $3 per month. The app offers the following financial products, all built around its signature low-fee, easy-to-use platform. Below is a brief review of the Acorns app’s products and features. The app also automatically reinvests any dividends that you earn.Īcorns has grown over time to offer even more products to help you earn and grow your money. It then takes that change and drops it into a diversified Exchange-Traded Fund (ETF) portfolio built by its industry experts. Then, every time you make a purchase, Acorns rounds up the spare change of the transaction to the nearest dollar. When you sign up, you’ll link your debit or credit card with your Acorns account. With more than 4.5 million users, Acorns is arguably the most popular robo-advisor app available, allowing beginner investors to invest their spare change in a hands-off manner.Īccording to Acorns’ website, more than 10 million people have used the company’s investing service app since it launched in 2014. Continue reading this Acorns review to learn about how this app can help you kickstart your investing journey. The app is built for beginners and allows you to learn about markets while your money steadily grows. Backed by leading investors and innovators, Acorns is an app that makes micro-investing in the stock market virtually foolproof.
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