About Acorns
Acorns makes investing effortless by automatically rounding up your everyday purchases to the nearest dollar and investing the spare change in diversified ETF portfolios. The app also offers a checking account, retirement accounts, and Found Money rewards from partner brands.
What's Great
- ✓Round-up feature makes investing effortless from everyday purchases
- ✓Found Money rewards from partner brands add bonus investments
- ✓Includes checking account and retirement account options
- ✓Excellent entry point for people who find investing intimidating
Watch Out For
- !Monthly fee of $3-12 is a high percentage on small account balances
- !Limited portfolio customization — only five preset allocations
- !Not suitable for active trading or individual stock picking
Common Use Cases
Beginner investor wanting to start with spare change from purchases
Young adult building an investment habit without thinking about it
Non-investor who finds traditional platforms overwhelming
Pricing Model
Paid
Paid subscription required. Check the website for current pricing and free trials.
Category
Robo-Advisors
Automated portfolio management using algorithms to build and rebalance diversified portfolios.
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