Acorns: Invest Spare Change 4.93.0

Acorns: Invest Spare Change 4.93.0

Acorns Grow Incorporated  ❘ Freeware
iOS
out of 896788 votes
Latest Version
4.93.0
Safe to install

Turn Your Spare Change into Investments with Acorns

Minh Ong

Acorns makes investing effortless by allowing users to round up their everyday purchases and invest the spare change, making it simple for beginners to start their investment journey.
2025 Editor's Rating
EXCELLENT User Rating

Acorns is a highly reputable investment and money-saving app that has garnered over 20 million downloads and facilitated $15+ billion in investments since its launch. With Acorns, you can easily invest and save for your future, all while minimizing effort.

According to Forbes, "Investing is now made for everyone," highlighting the accessibility of Acorns' services.

Here are some key features that Acorns offers:

  1. Invest for Your Future: Acorns automatically invests your money in diversified ETF portfolios recommended by experts. You can also personalize your investments by choosing from a Bitcoin-linked ETF and a Custom Portfolio with 100+ public U.S. company stocks. Acorns values diversification as a means to maximize your money's potential.
  2. Invest the Change®: Acorns allows you to invest spare change through its Round-Ups® feature. By rounding up your purchases and consistently investing small amounts, you can grow your investments passively.
  3. Invest for Your Kids: With Acorns Early, you can start investing for your loved ones' future. This special account for children includes custom earn rewards and educational resources for families. Investments are automatically diversified into expert-built ETF portfolios.
  4. Invest for Retirement: Acorns provides easy IRA investing options, including SEP, Traditional, and Roth plans, to help you save for retirement.
  5. Bank Smarter: Acorns offers a Checking account along with a heavy metal debit card. Every time you make a purchase, your spare change is invested automatically. Additionally, a portion of every paycheck is automatically invested to help you build an Emergency Fund.
  6. Earn Rewards: By shopping with Acorns' partner brands, you can earn bonus investments and access exclusive deals. Acorns also provides a Job Finder service to search for employment opportunities, with the added benefit of exciting limited-time referral bonuses of up to $1,200.
  7. Grow Your Knowledge: Acorns offers custom financial literacy content to help you expand your understanding of investment and savings strategies.

Acorns is committed to responsible saving and investing, emphasizing a mission-led approach. With a focus on micro-investing, Acorns aims to safeguard the financial interests of all individuals.

The company's investing philosophy hails the power of compounding, diversification, and long-term investment commitment as key drivers of wealth creation.

Acorns carries impressive backing from notable investors such as BlackRock, PayPal, Dwayne Johnson, and Ashton Kutcher.

Security is a top priority for Acorns. Acorns Securities, LLC is a member of SIPC, ensuring that securities in your account are insured up to $500,000. Acorns checking accounts are FDIC-insured up to $250,000 through Lincoln Savings Bank or nbkc bank, providing fraud protection, 256-bit data encryption, and all-digital card lock features.

Acorns stands out from the competition by offering transparent pricing with no hidden fees. Subscription tiers start at an affordable $3 per month. This straightforward approach ensures that you can focus on your long-term investment goals without any surprises.

Begin your financial journey today with Acorns' user-friendly app and start growing your wealth gradually and securely.

Disclosures are available in the images above and at www.acorns.com/disclosures.

Source: Forbes

Overview

Acorns: Invest Spare Change is a Freeware software in the category Business developed by Acorns Grow Incorporated.

The latest version of Acorns: Invest Spare Change is 4.93.0, released on 05/02/2024. It was initially added to our database on 09/07/2023.

Acorns: Invest Spare Change runs on the following operating systems: iOS.

Users of Acorns: Invest Spare Change gave it a rating of 5 out of 5 stars.

Pros

  • User-friendly interface that simplifies the investment process, making it accessible for beginners.
  • Automatically rounds up purchases to the nearest dollar and invests the spare change, helping users save effortlessly.
  • Provides a diversified portfolio tailored to the user's risk tolerance.
  • Offers educational resources and tools to help users understand investing and personal finance better.
  • Includes features like retirement accounts (IRA) and bonuses for referrals, promoting user growth and engagement.

Cons

  • Monthly fee structure may not be cost-effective for users with small account balances.
  • Limited investment options compared to traditional brokerage accounts or investment platforms.
  • Some users may find the round-up feature insufficient for aggressive investment growth.
  • Lack of more advanced trading features for experienced investors looking for more control.
  • Acorns' emphasis on automation may lead some users to overlook essential financial concepts or the importance of active investment management.

FAQ

What is Acorns?

Acorns is a micro-investing platform that allows users to invest their spare change by rounding up everyday purchases and investing the difference.

How does the round-up feature work?

The round-up feature works by rounding up your purchases to the nearest dollar and investing the difference into a diversified portfolio.

Is there a minimum amount required to start investing with Acorns?

No, there is no minimum amount required to start investing with Acorns. You can begin with as little as your spare change.

What types of investment portfolios does Acorns offer?

Acorns offers several diversified portfolios based on different risk levels that include a mix of ETFs.

Can I customize my investment portfolio in Acorns?

While Acorns provides suggested portfolios based on your risk tolerance, you cannot customize your portfolio beyond those suggestions.

How does Acorns keep my information secure?

Acorns uses bank-level security measures including data encryption, and two-factor authentication to keep your information safe.

Are there any fees associated with using Acorns?

Yes, Acorns charges a monthly fee depending on the plan you choose. Plans range from $1 to $5 per month.

Can I withdraw money from my Acorns account anytime?

Yes, you can withdraw money from your Acorns account at any time without penalties, although it may take a few business days to process.

Does Acorns offer an educational component for beginners?

Yes, Acorns offers various financial education resources and tips through their app to help users better understand investing.

Is Acorns available in all countries?

Currently, Acorns is primarily available in the United States, but they are exploring expansion to other countries.


Minh Ong

Minh Ong

I'm Minh, a software engineer and author with a passion for exploring and writing about the latest in software and technology. With my experience in software development and a specialization in software updates and content creation, I bring a deep understanding of the tech landscape to my reviews and articles. My focus is on providing you with comprehensive insights into general software topics and the latest industry news.

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