Acorns

Acorns is a micro-investing app that helps you invest small amounts of money automatically. Its core feature, 'Round-Ups', rounds up your credit/debit card purchases to the nearest dollar and invests the spare change into a diversified portfolio of ETFs.

Frequently Asked Questions

1. How does it work?

If you buy a coffee for $3.50, Acorns rounds it up to $4.00 and invests the $0.50 difference automatically. It allows you to save without thinking about it.

2. How much does it cost?

Acorns charges a flat monthly subscription fee starting at $3/month for the 'Personal' plan, which includes checking and investment accounts.

3. Is my money safe?

Yes. Investment accounts are SIPC protected up to $500,000, and banking accounts are FDIC insured up to $250,000.

4. Can I withdraw my money?

Yes. You can sell your investments and withdraw cash at any time. However, since it takes time to sell assets, transfers usually take 3-5 business days.

5. How is the money invested?

Your money is invested in expert-built portfolios containing ETFs (Exchange Traded Funds) from companies like Vanguard and BlackRock, tailored to your risk tolerance.