Best for Investing Spare Change
Why We Picked It
Acorns was chosen as the best money-saving app for investing spare change thanks to its Round-Ups feature, which automatically rounds your purchases up to the nearest dollar and invests the difference into a diversified portfolio of low-cost index ETFs. This allows users to effortlessly save and invest spare change without thinking about it.
Overview
Acorns launched in 2014 with a mission to invest your spare change. With more than 10 million users since 2014, Acorns has expanded beyond micro-investing and now has five products and three subscription plans.
For $3 a month, Acorns Bronze users get access to an FDIC-protected checking account and debit card, allowing for real-time round-ups to an investment account. There are no minimum balance requirements or overdraft fees, and users have access to 55,000+ fee-free ATMs.
For $6 a month, Acorns Silver users qualify for an investment match from Acorns and an emergency fund. They also earn interest on both their checking and emergency fund balances. And for $12 a month, Acorns Gold users can customize their portfolios and get Acorns Early, an investment account for kids. They also get kids’ debit cards and access to the Acorns Early app, which has a chores tracker and automated allowance features.
With all plans, you’ll have access to Acorns Later—the startup’s IRA option—allowing you to begin investing in a Roth IRA, Traditional IRA or SEP IRA. (Acorns selects the best IRA for you based on your financial profile.)
The Acorns Earn program rewards you with bonus investments when you shop from thousands of popular brands. And the fintech’s Learn feature includes a financial literacy platform aimed at educating users on budgeting, debt and saving, among other topics.
Automatically Save And Invest in Your Future With Acorns
Earn a $20 bonus after setting up recurring investments in a new Acorns account.
