Acorns Reviews
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About Acorns
Acorns is a financial wellness app that helps people at all income levels save and invest. More than 14 million people have used Acorns to invest over $25 billion, starting with as little as their spare change. The app provides tools to manage finances through features like Round-Ups®, which automatically invests leftover change from everyday transactions, and portfolios built to match individual goals. In addition to investing, Acorns offers checking accounts, retirement planning tools, educational resources and perks like bonus investments and complimentary life insurance.
- Automatically invests spare change
- Earn bonus investments for shopping
- Sustainable portfolios available
- Bitcoin-linked ETF available
- Can only invest in ETFs
- $50 ETF transfer fee
What is Acorns?
Acorns is built to make investing simple and approachable. It offers diversified ETF portfolios tailored to your personal goals and financial situation, which you can fund with recurring investments or spare change from linked accounts. Users can open IRAs or custodial investment accounts for kids. New features include contribution matches—up to 3% for retirement accounts and 1% for child accounts during the first year. The platform also includes educational content and a user-friendly interface for growing financial knowledge.
How does Acorns work?
Acorns functions as a robo-advisor, helping you grow your savings automatically through prebuilt investment portfolios. After a short onboarding process, the platform recommends a customized ETF portfolio. You can fund it by setting up one-time or recurring investments or by investing leftover change in real time. Portfolios are rebalanced to stay aligned with your goals, and tools like the Potential Screen show projections based on your inputs. The app also offers banking and emergency savings features with competitive interest rates.
Acorns products
Acorns offers a variety of features that cover investing, banking, earning and education.
Investing
Banking
Retirement
Money tools for families
Acorns plans
Acorns offers three membership tiers: Bronze, Silver and Gold.
- Bronze ($3/month): Access to basic investing tools including spare change investing, online banking with no hidden fees and educational content.
- Silver ($6/month): Includes everything from Bronze, plus IRA accounts with a 1% match on contributions in the first year, real-time investing features, emergency fund tools and enhanced interest rates.
- Gold ($12/month): Adds access to Acorns Early with investment accounts for multiple children, smart money tools for kids, and a 3% retirement contribution match. You also get enhanced rewards matching, life insurance and a complimentary will.
Acorns fees
Acorns charges flat monthly fees: $3 for Bronze, $6 for Silver and $12 for Gold. These fees cover access to automated investment accounts, retirement tools, banking services and educational resources.
Acorns also charges relatively steep fees to transfer investments when closing your account — $50 per ETF. If you have four ETFs, that’s a $200 fee. Other platforms may charge lower flat rates to transfer out all your investments.
Acorns FAQ
What does Acorns invest in?
Acorns lets you invest in diversified ETF portfolios it puts together. You can choose from various portfolio types based on your risk tolerance and see breakdowns of each portfolio type on Acorns’ website.
Has anyone made money on Acorns?
Acorns doesn’t specify any dollar amounts or averages its members have made by investing through its platform. However, the company has been around since 2012 and claims it has had over 14 million people sign up. So, while no investment platform can guarantee you’ll make money, Acorns’ growth and popularity signal that there are likely some users who have benefited financially.
Does Acorns cost money?
Acorns’ monthly membership fees range from $3 to $12 per month, depending on your chosen tier. There’s no minimum to open an Acorns account, but you need at least $5 to start investing.
Is Acorns FDIC-insured?
Acorns’ checking accounts and debit cards are FDIC-insured for at least $250,000 since they’re issued by Lincoln Savings Bank, but this doesn’t apply to investment accounts.
Is Acorns investing safe?
It depends on what you mean. Acorns has several features that make its products safer from unauthorized access, including FDIC-insured bank accounts, SIPC-protected investment accounts, SSL encryption, account alerts, bank-level physical security and account safeguards. However, all investments have some risk, depending on the market.
Still have questions?
Is Acorns worth it?
Acorns’ robo-advising platform makes automatic investing simpler, even if you don't have large sums of money, advanced investment knowledge or a personal broker to act as a go-between. However, its monthly fees can be pricey for smaller account balances, and its ETF transfer fee is pretty high. Regardless, Acorns can still be a worthwhile option if you want hands-off investing for yourself or your family.
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Acorns Company Information
- Company Name:
- Acorns
- Website:
- www.acorns.com






