WHAT IS ACORNS?
Acorns is modernizing the old-school practice of saving loose change, merging the robo-advisor model with an automated savings tool. The app rounds up your purchases on linked credit or debit cards, then sweeps the change into a computer-managed investment portfolio.
That approach won’t get you to retirement, but it’s certainly a useful tool to save more.
Acorns is free for four years for college students with a valid .edu email address. Other investors pay $1 a month until their account balance hits $5,000, then 0.25% of their account balance per year.
Acorns is best for:
College students
Hands-off investors
People who struggle to save
Where Acorns shines
Minimum investment: There’s no minimum to open an account, but the service requires a $5 balance to start investing in one of Acorn’s five pre-built portfolios.
REFERRAL BONUS
Give Acorns to 12 friends this month, and we'll invest $1,000 in you when they start investing in February! That's on top of our $5 referral reward.
That video was for last month's promo.
This month of Feb. its 12 Friends and make $1,000
How Do I Sign Up?
To start out, you need an email address and a secure password. Acorns will also let you create a four-digit pass code to log in on your phone.
Then you link your bank account and any credit or debit cards you want. Linking cards is key to Acorns' "round-ups" feature, where it invests your spare change for you.
Acorns has to ask you certain investor questions before you get started.
Then you start off with an initial investment. In order for Acorns to start investing your account must reach a $5 threshold. Acorns costs $1 per month for accounts less than $5,000, or 0.25% per year on those over that. But if you are a student, or are 18-23 years old, it is free.
THAT'S IT!
You can update and change anything else you'd like at a later time
now start sharing the app ..