2025 Acorns Investing App Review Pros, Cons & Fees

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• Saving and investing can feel overwhelming, but Acorns makes it simple by turning spare change into investments.
• If you’re only adding a few dollars a month to your Acorns account, the $3 a month fee will hinder your investment growth.
• In addition, Acorns has built its business by targeting new investors who have small amounts of money to invest.
• Or, if you want instant access to your money, you could open an Acorns Checking account which is part of the Acorns Personal package, which costs $3 a month.
• We love the diversity of people, just like we like diversity in trading styles.

Acorns rebalances investment positions, typically on a quarterly basis, when they’ve diverged more than 5 percent from their target allocation. In practice what it may mean is that outperforming assets are trimmed as they rise too much (relative to target allocations) and underperforming assets are purchased after they fall too far. Rebalancing can be a sensible practice and many robo-advisors offer it.

In most cases, you get the cash automatically, without any additional steps. You simply use a card linked to an active Acorns account to make the purchase, and the rewards will usually land in your account in 60 to 120 days. That’s why Acorns still isn’t a bad option — many people aren’t investing as they should be. If it takes a $3/month subscription fee and fun things like Round-Ups to start, then there’s still a lot of good that can come from this investment app. Acorns makes investing simple by turning spare change into a growing portfolio. It’s a great choice for beginners or anyone who wants an automated way to save and invest without needing to manage the details.

Can I trust Acorns with my bank account?

We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Finally, you can supercharge your Round-Ups by adding a multiplier of 2x, 3x, or 10x. For example, a Round-Up of $0.25 would add $0.50 to your Invest account with a 2x multiplier. You can set Round-Ups to work with every transaction or manually select the transactions you want to round up.

All you have to do is shop with Acorns’ 15,000+ brand partners like xcritical rezension Chevron, Nike, or Walmart. You’ll receive Acorn Earn rewards which will be invested into your investment account. And there’s even a Chrome extension and Safari extension for online shopping.

Integrate your checking, savings, investment and retirement accounts into 1 financial hub on your smartphone. M1 Finance might be more suitable for investors who seek customization and control over their investment portfolios, allowing them to select and allocate specific stocks and ETFs in a “pie” format. It automatically rounds up users’ everyday purchase amounts to the nearest dollar and invests the spare change into diversified, computer-managed portfolios. Acorns has amassed over 10 million users and claims $15 billion in assets under management.

Acorns invests your money in exchange-traded funds (ETFs) made up of stock or bonds. Robinhood may be more appealing to investors interested in active trading and a wide variety of investment options, including stocks, cryptocurrencies, and options. SigFig keeps costs low whether it’s account fees, fund fees or the annual management fee. You’ll also get access to human advisors and benefit from automatic rebalancing and tax-loss harvesting. But the lack of a cash management account and relatively high account minimums may cause some investors to look elsewhere. An Acorns Early account offers investing, checking, and retirement savings all in one.

Account fees

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Acorns Invest Overview

You can also invest lump sums manually or set up recurring deposits on a daily, weekly or monthly basis. Your portfolio allocation, or how much of your portfolio is in stocks versus bonds or other investments, depends on factors such as your age and investing timeline. Acorns will automatically adjust your portfolio in response to market fluctuations or other factors that shift your portfolio out of its intended investment allocation. Custodial accounts are not the same as 529 college savings accounts. A 529 account is are less flexible, as it is designed for education expenses, but 529s also offer more tax advantages and are generally considered a better way to save for college. Be sure to do your research or consult a financial advisor to determine the best account for you.

What we really care about is helping you, and seeing you succeed as a trader. We want the everyday person to get the kind of training in the stock market we would have wanted when we started out. Our watch lists and alert signals are great for your trading education and learning experience. We may receive commissions on purchases made from links in this article. Our editors independently researched the information in this Acorns Investing review. If that feels too restrictive, you might prefer to build your portfolio without the help of a service like Acorns.

Customer support options

In order to achieve an equivalent fee of 0.25% at each level, you’d have to have account balances of $14,400 with the Bronze plan, $28,800 with the Silver plan and $57,600 with the Premium plan. The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. Acorns manages $3 billion in assets and has more than 8 million customers. Acorns is a great choice for new investors who want a simple, low-cost way to begin investing. In 2020, Acorns had 8.2 million customers, according to Fortune’s Impact 20 list.

TRADING HELP

At 150 transactions, you’re investing $37.50 and giving almost 2.7% to Acorns. On the other hand, if you only make 50 transactions a month with an average of $.025 rounded up, you’re only investing $12.50 a month. This means they take away 8% of your investment portfolio in your first month.

How to Invest Money

But one of the best features with an Acorns checking account is Smart Deposit. With this, Acorns lets you set up your direct deposits to automatically split between your checking, savings, and investments. The main perk of the Gold plan is that it allows you to set up custodial plans for your children. This feature is largely unavailable at other brand-name robo-advisors. And after acquiring GoHenry, a U.K.-based saving and investing app for kids, Acorns launched its own Acorns Early app to help parents and children manage money together.

After creating your account, you will need to link a checking or savings account. This account will be used for investments and also to pay your monthly membership fee. Another great feature of a checking account with Acorns Checking is Smart Deposit. After setting it up, you can have a portion of your paycheck or other regularly-scheduled deposits automatically deposited in your investment or retirement accounts. For those who want to invest their money but don’t know where to start, Acorns is an approachable platform for beginners. It has a simple interface and a micro-investing feature that goes to work every time you make a xcritical website purchase.

However, Acorns may not be the best choice for experienced investors or those looking for more control over their investments. The platform lacks advanced features like tax-loss harvesting and personalized financial advice, which can limit its usefulness for high-net-worth investors. Like any investment platform, Acorns is subject to market fluctuations. Since users are often investing small amounts, losses can feel more significant compared to the limited gains from spare change investing.

Using the Acorns investing app is a great way to save for the long term. If you’re interested in the concept of investing your spare time, then Acorns is a great option. Acorns offers subscription-based pricing on three different account levels, starting at $3 per month. Generally, Acorns recommends a conservative portfolio to someone who has a much shorter investment horizon and wants to preserve their principal. An aggressive portfolio would be recommended for someone who has plenty of time to ride out normal market volatility. Acorns partners with various retailers that offer cash-back when users shop through the Acorns app.