Acorns: Invest Spare Change
This app is only available on the App Store for iOS devices.
Invest as little as $5 into more than 7,000 stocks & bonds. With Acorns, it’s simple and secure to invest in your future, automatically. In fact, more than 2 million people are doing it! It only takes a few minutes to sign up. Ready to grow your oak?
○ Painlessly invest your spare change into a diversified portfolio of ETFs of over 7,000 stocks and bonds automatically
○ Easily invest more - with Recurring Investments (daily/weekly/monthly), One-Time Investments, Referrals, and Found Money!
○ Watch your progress – check in on your account from anywhere
○ SIPC Protected – up to $500,000 is protected against fraud so your money is secure
○ Stay educated – Gain access to our online personal finance publication, Grow Magazine
○ Withdraw anytime – at no charge.
►WHAT THE WORLD IS SAYING◄
FORBES: “The app makes investing effortless.”
ABC NEWS: “If you set aside just $5 every couple of days you would have set aside $1,000 in a year.”
WIRED: “Acorns simplified the often tedious and complex process of investing.”
US NEWS: “Acorns offers a unique solution to overcoming the mental barrier: ‘I just don’t have enough money to be investing.’”
►TRUSTED AND INTELLIGENT◄
○ 256-bit encryption to keep your information safe and secure
○ Automatically rebalances your portfolio
○ Automatically re-invests your dividends for you
○ Diversified Portfolio includes hundreds of international companies, corporate and government bonds, and real estate.
Acorns costs $1 per month for accounts investing less than $5,000. After your account grows past $5,000, the fee switches to 0.25% per year (@$5,000 that’s about $1 a month). That’s like 3 semi-fancy cups of coffee (you know you do it) a year, just to invest in your future.
In order for Acorns to invest your spare change from purchases, which is part of why we charge $1 per month, you will need to connect a bank account. Worry not - we've got 256-bit encryption. That's a nerdy way of saying we're as secure as the people you bank with. Now, stop reading and get invested.
This app is operated by Acorns Advisers, LLC, an SEC Registered Investment Advisor. Brokerage services are provided to clients of Acorns by Acorns Securities, an SEC registered broker-dealer and member FINRA/SIPC. Investments are not FDIC insured and may lose value. Investing involves risk and investments may lose value, including the loss of principal. Please consider your objectives and Acorns fees before investing. Past performance does not guarantee future results. “Acorns”, the Acorns logo and “Invest the Change” are registered trademarks of Acorns Grow, Inc. Copyright © 2016 Acorns and/or its affiliates.
Information about FINRA is available at www.finra.org. Explanatory brochures about SIPC protection are available upon request or at www.sipc.org.
What's New in Version 2.3.3
Small change makes us all better, so in this update we fixed some bugs and made small enhancements. We hope they make Acorns better for you.
No Feedback on Account Setup
Acorns has since solved my problem, turns out they were simply experiencing a serious backlog to new accounts looking forward to the weeks ahead to see how much I can round up on my card transactions.
—— old review below—-
Like everyone I was very excited to start rounding up sadly I never had the opportunity to experience any of the feature sets Acorns has to offer. The account setup was pretty easy and enjoyable although finding out after signing my certificate that it still would take 1 - 3 business days to verify my account was a bit disappointing but I get it. Here is where Acorns fell short, till this day 5 days later it still says I need to wait 1 - 3 business days for my account to be setup, uh hello it’s been 5 days! Like any American on day 3 I picked up the phone and called support, I was on the phone for about an hour before I got disconnected due to interruptions in service. I also tried email support but have heard nothing, no confirmation to my email over my support ticket nothing, maybe somethings up with my email but at this point I would prefer to speak with a human being and I think any service offering to make transactions from your bank account should support quick and easy customer service. I am open to changing my review if I ever get any support to rectify this rogue issue.
Great concept, frustrating experience
I want this app to work, but the link to my bank breaks with every security update. It takes multiple attempts to get it working again. I’ve been averaging weeks down. Finally got it linked again, but it’s only pulling my deposits not any transaction. The support team has now stopped responding to my requests for help. I really just want this app to work the way it is supposed too. I spend more time and frustration fixing then using it. Makes me sad and frustrated. Acorns could be really good if it actually worked for me.
Glorified savings account
While it is a good app and functions as promised, it is nothing more than a savings account app. The funds are invested in the stock market but there are plenty of other ways to invest with better returns if you want to actually put your money to work.
If you are looking for an easy way to save, the round ups feature is good. Many banks will do this for you as well though. All in all, it is a good app with good basic features if you just want to save some extra money.