Acorns Pricing & Features Overview - Subscribed.FYI
Investing

Acorns

Acorns stands out with micro-investing options, automated portfolios, and round-up features, making it perfect for beginners and casual investors looking to grow wealth gradually. Start investing effortlessly with spare change today.

Overview

What is Acorns?

Acorns is a fintech company offering a user-friendly and automated investment platform designed to help people start investing and grow their wealth over time, even with spare change. Acorns utilizes micro-investing strategies and a robo-advisor approach to make investing accessible to everyone.

Why Use Acorns?

Acorns stands out from traditional investment platforms by offering several key features:

  • Micro-Investing: Acorns allows users to invest small amounts of money, even spare change from everyday purchases, making it easier to get started and build wealth gradually.
  • Round-Ups: Acorns offers a unique feature that rounds up your debit or credit card purchases to the nearest dollar and automatically invests the difference. This painless approach to saving allows you to invest without even noticing.
  • Automated Investing: Acorns uses a robo-advisor to build and manage diversified investment portfolios tailored to your risk tolerance and goals.
  • Low Minimum Investment: Acorns removes the minimum investment barrier, enabling new investors to start without any required amount.
  • Easy-to-Use Platform: Acorns’ mobile app simplifies investment monitoring, portfolio adjustments, and deposits, offering a user-friendly experience for investors.

Who is Acorns For?

Acorns is designed for a broad range of investors, including:

  • Beginners: Acorns offers low minimum investments, micro-investing features, and educational resources, making it ideal for newcomers to investing.
  • Casual Investors: Acorns enables automatic and effortless investing, ideal for individuals wanting to save for the future without active management.
  • Long-Term Investors: Acorns suits long-term investors aiming for hands-off wealth building to achieve financial goals gradually.

Acorns provides a user-friendly and automated investment platform that makes investing accessible and affordable for everyone. With its micro-investing features, robo-advisor approach, and low barrier to entry, Acorns empowers users to start investing early and build wealth for the future.

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Pricing and Features

Product Tier
Pricing
Features

Acorns Personal

Monthly Price

$3

Yearly Price

$36

Free Trial (Weeks)

No Trial

  • Investing: Diversified portfolio, Round-Ups®, IRA retirement account.
  • Banking: Checking with investing, Round-Ups®, No overdraft fees, Fee-free ATMs.
  • Earning: Bonus investments, Job Finder, Browser extension for shopping.
  • Learning: Financial confidence with videos and investor tips.

Acorns Personal Plus

Monthly Price

$5

Yearly Price

$60

Free Trial (Weeks)

No Trial

  • Investing: Diversified portfolio, Round-Ups®, IRA retirement account.
  • Mighty Oak Banking: Saves, invests, fee-free ATMs, high APY.
  • Earning: Bonus investments, Job Finder, Browser extension, 25% match.
  • Learning: Financial confidence with videos, Live Q&As.

Acorns Premium

Monthly Price

$9

Yearly Price

$108

Free Trial (Weeks)

No Trial

  • Investing: Diversified portfolio, Round-Ups®, IRA, kids account, customize.
  • Mighty Oak Banking: Saves, invests, fee-free ATMs, high APY, debit card.
  • Earning: Bonus investments, Job Finder, Browser extension, 50% match.
  • Learning: Financial videos, Live Q&As, educational courses.
  • Banking for kids: GoHenry debit card, chores tracker, parental controls.
  • Priority Support: Dedicated assistance for Premium members.
  • Advanced Tools: Exclusive resources for sophisticated investment strategies.

Experience

Cancellation

Simplifying Your Investment Approach: Ending Your Acorns Subscription

As your financial goals and investment strategies evolve, or as you explore alternative options for automated investing, Acorns offers a clear and efficient process to end your subscription. For a seamless transition and to prevent any unpaid charges, kindly access this page.

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Product FAQ

What is Acorns' investment philosophy, and what types of accounts do they offer?

Acorns focuses on a long-term investment strategy through micro-investing:

  • Round-Ups: Link your debit or credit card to Acorns. Round-up your purchases to the nearest dollar and invest the difference, automatically putting small amounts of money towards your future.
  • Recurring Investments: Set up automatic recurring investments of a specific amount to consistently contribute to your Acorns account.
  • Investment Portfolio Options: Acorns offers various pre-built investment portfolios with different risk tolerances, allowing you to choose an investment strategy that aligns with your goals.

Acorns primarily offers Individual Investment Accounts (IRAs) and taxable investment accounts. They also have a feature called Acorns Early, a custodial investment account for minors.

Is Acorns a good fit for beginners, and are there any fees involved?

Acorns’ user-friendly interface and micro-investing approach can be appealing to beginners:

  • Simple Interface: Acorns prioritizes a straightforward interface, making it easy for beginners to navigate and understand the basics of investing.
  • Start Small: Micro-investing allows you to start investing with small amounts and gradually build your portfolio over time, potentially reducing the intimidation factor for beginners.

However, Acorns does charge monthly subscription fees that can eat into your returns, especially for smaller investment amounts. Consider the fees in relation to your potential returns to determine if Acorns aligns with your budget.

How secure is my money with Acorns, and what features do they offer to help me manage my investments?

Acorns prioritizes security measures to protect your funds:

  • Investment Account Protection: Your Acorns investment account is held by a third-party custodian, offering a layer of protection in case of brokerage failure.
  • Encryption and Login Security: Acorns utilizes encryption and login security measures to safeguard your account information.
  • Security Features: Two-factor authentication and other security features are available to enhance account security.

Beyond security, Acorns offers basic portfolio management tools:

  • Performance Tracking: Monitor your portfolio’s performance over time and track your progress towards your investment goals.
  • Automatic Rebalancing (potential): Depending on your chosen portfolio, Acorns might automatically rebalance your investments periodically to maintain your desired asset allocation.
  • Limited Research Tools: Acorns primarily focuses on automated investing and might have limited in-depth research tools compared to some traditional brokerages.

Does Acorns offer any features beyond investing, and how can I learn more about investing?

Acorns goes beyond just micro-investing and provides some additional features:

  • Acorns Later: This feature allows you to set aside additional funds towards retirement saving within an IRA offered by Acorns.
  • Acorns Spend (potential): Acorns offers a debit card with potential cashback rewards that can be automatically invested back into your Acorns account (availability might vary).
  • Educational Resources: Acorns provides some basic educational resources within the app to help beginners understand investing concepts.

For in-depth investment research, you might need to consult additional resources beyond what Acorns offers.

Can I withdraw my money from Acorns easily, and are there any penalties involved?

Acorns allows for relatively easy access to your invested funds:

  • Account Flexibility: You can typically withdraw your funds from your Acorns investment account at any time without incurring any penalties. This flexibility can be valuable if you need access to your money for unexpected expenses.

However, keep in mind that frequent withdrawals might negate the long-term investment strategy Acorns promotes.

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