Acorns: Save & Invest Money
Acorns Grow Incorporated
About
Acorns is an automated investing and savings app that helps you grow your money through spare change investing and recurring contributions. The app rounds up your purchases to the nearest dollar and automatically invests the difference into expert-built, diversified ETF portfolios, with options to start investing for as little as $5. You can also build emergency savings with 3.35% APY, invest in Bitcoin-linked ETFs (up to 5% of your portfolio), add individual stocks and ETFs from the largest 100+ US companies, save for retirement with an IRA account offering up to 3% match, and invest for your kids with a 1% match. Acorns accounts are SIPC-protected up to $500,000 for investments and FDIC-insured up to $250,000 for checking, with 256-bit encryption and 2-factor authentication. The app also includes a checking account, Money Manager for automated spending and saving splits, and access to financial education courses and live expert Q&As.
Highlights
- Round-Ups feature automatically invests spare change from purchases into diversified ETF portfolios
- Recurring investments starting as low as $5 with expert-built portfolio options
- Emergency savings account with 3.35% APY and FDIC insurance up to $250,000
- Retirement accounts with up to 3% IRA match on new contributions during first year
- Kids investment accounts with 1% match and Acorns Early debit card for teaching financial habits
- Bitcoin-linked ETF allocation up to 5% and individual stocks from 100+ US companies
Best for
People new to investing who want to build wealth through automated, small recurring contributions; families looking to save for retirement and teach kids about investing; anyone seeking to combine checking, savings, and investment accounts in one app with financial education resources.
At a glance
Acorns: Save & Invest Money is rated 4.7 out of 5 from 844,490 ratings and is available on iOS — all free to download.
It is developed by Acorns Grow Incorporated.
Frequently Asked Questions
- Is Acorns: Save & Invest Money free?
- Yes — Acorns: Save & Invest Money is free to download on iOS.
- What platforms is Acorns: Save & Invest Money available on?
- Acorns: Save & Invest Money is available on iOS.
- What is Acorns?
- Acorns is an automated investing and savings app that rounds up your purchases to the nearest dollar and invests the difference into diversified ETF portfolios. It also offers checking, emergency savings, retirement accounts, and investment accounts for kids.
- How does the Round-Ups feature work?
- When you make a purchase, Acorns rounds it up to the nearest dollar and automatically invests the difference into your diversified portfolio. For example, a $3.50 purchase rounds up to $4, and the $0.50 difference is invested.
- What are the investment account protections?
- Acorns investment accounts are SIPC-protected up to $500,000, and checking accounts are FDIC-insured up to $250,000. All accounts use 256-bit data encryption and 2-factor authentication for security.
- Can I invest in Bitcoin with Acorns?
- Yes, you can allocate up to 5% of your diversified portfolio toward a Bitcoin-linked ETF, allowing you to gain exposure to Bitcoin as part of a balanced investment strategy.
- What are the alternatives to Acorns: Save & Invest Money?
- Acorns: Save & Invest Money is similar to Cash App, Monzo Bank - Mobile Banking, Bank of America Mobile Banking, and Revolut: Send, spend and save. Browse related apps by tag: automation, banking, investing, and budgeting.
