Acorns Review > Micro-savings 

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‚ÄčAcorns Review

What is Acorns & how does it work?

Acorns is a financial service that helps you invest your money effortlessly. Acorns enables you to start early, invest often, and feel secure about your financial future. Acorns helps you save & invest spare change from your everyday purchases and invest into a diversified portfolio of stocks and bonds. You can easily get started in minutes: anytime, anywhere. Every dollar you invest is automatically diversified across 7,000 stocks and bonds to help improve your return while reducing risk.

Acorns Offers Many Ways to Save:
  • Invest Spare Change from Everyday Purchases Automatically
  • Recurring Automatic Investments
  • One Time Investments
  • Earn Money when you Shop at Over 200 Top Brands
  • Referrals, get money when you refer your friends to Acorns
  • Acorns Spend - the only debit card that lets you save, invest, and earn

​Acorns Fees & Features
Minimum Investment
Acorns Fees
$1 / month for Acorns
$2 / month for Acorns + Acorns Later
$3 / month for Acorns + Acorns Later + Acorns Spend
*Over $1 million, contact Acorns for pricing*
Accounts Available
  • Taxable
  • Traditional IRA
  • Checking Account (Acorns Spend)
Mobile Access
Android APP, iOS APP
Website Access
Acorns Summary
For the micro-savings category, we think Acorns is one of the best services available. Acorns is a good start if you have little to invest or need a nudge to start investing without affecting your quality of life, though the monthly deposits are way too small to be considered a serious method for saving towards retirement.

Betterment is a better option for larger deposit amounts with lower annual fees. In response to Acorns’ micro-savings service, Betterment has SmartDeposit, automating investing once your bank account is above a specified dollar amount. However, there is nothing stopping you from using both Acorns & Betterment to boost your savings. Ultimately, most individuals don’t save enough for a rainy day, and Acorns will help start you down this path.

  • Painless way to save
  • Start investing with no money
  • Free for college students
  • Hides the complexities of investing
  • Many ways to grow, invest spare change automatically, one time investments, referrals, & earn money when you shop through Found Money
  • Checking Account through Acorns Spend - the only debit card that saves, invest, and earns for you

Best For:
  • New Savers
  • Smartphone Users
  • College Students
  • Retirees
  • Goal Oriented Investors

​Join over 3,000,000 people who have started to invest in their future!
Prosperment Recommended