2 min

How does Acorns work?

Jan 17, 2023
in a nutshell
  • Acorns offers two different subscription tiers for your life’s financial needs.
  • Invest automatically invests your spare change lets you invest as little as $5 any time or on a recurring basis into a portfolio of ETFs.
  • With Round-Ups®, we round up any purchase made from a linked account, debit or credit card to the next dollar.
Image of Need help navigating Acorns? Here is how Acorns works to save & invest for you.
in a nutshell
  • Acorns offers two different subscription tiers for your life’s financial needs.
  • Invest automatically invests your spare change lets you invest as little as $5 any time or on a recurring basis into a portfolio of ETFs.
  • With Round-Ups®, we round up any purchase made from a linked account, debit or credit card to the next dollar.

Acorns is a saving and investing app that makes investing easy. Unlike other investing apps where you pick and choose stocks you want to invest in, Acorns does that for you by recommending a diversified, expert-built investment portfolio of ETFs designed for long term investing.

Investing with Acorns

Investing with Acorns means unlocking a full suite of investing tools that can help you reach your financial goals — no matter what stage of life you’re in. Whether you’re looking to invest for your future or your family’s future, Acorns has you covered. 

  • Acorns Invest – Personal investing account 

  • Acorns Later – Retirement Account

    • Your easy retirement account, where you can start with just $5 and get potential tax advantages as you invest. 

  • Acorns Checking – All-digital banking 

    • Your smart checking account that can invest while you spend, and invest a piece of every paycheck automatically.  

  • Acorns Early – Investment account for kids 

  • Round-Ups® – Invest with your spare change 

    • An Acorns feature that automatically invests your spare change into your Acorns Invest account. 

  • Emergency Fund – Prepare for the unexpected 

    • Automatically save a small piece of every paycheck for those unexpected rainy days. 

Starting your investing journey

There’s no one right way to invest. But there are time-tested principles for investing that Acorns is built on — making it a great place to get started.

  • It’s about time in the market, not timing it. 

    • On average, the US stock market has grown an average of 10% every year for the past 100 years. Investing early and investing often can let your money take full advantage of time and the stock market. 

  • “Compound interest is the 8th wonder of the world.” 

  • Diversify, diversify, diversify. 

    • Investing in a bunch of different companies helps make sure you don’t put all your eggs in one basket. Acorns’ expert-built portfolios does the diversifying for you, helping you lessen risk as you invest. 

  • From Acorns mighty oaks do grow. 

    • Contrary to popular belief, you don’t need a lot of money to start investing. With Acorns, you can set Recurring Contributions to automatically invest with as little as $5 a day, week, or month. Or, you can link a debit/credit card with Acorns and turn on Round-Ups® to invest your spare change. 

Sign up for Acorns to start investing at your own pace. Let’s grow your oak! 

The Emergency Fund is a non-interest bearing demand deposit bank account.

This material has been presented for informational and educational purposes only. The views expressed in the articles above are generalized and may not be appropriate for all investors. The information contained in this article should not be construed as, and may not be used in connection with, an offer to sell, or a solicitation of an offer to buy or hold, an interest in any security or investment product. There is no guarantee that past performance will recur or result in a positive outcome. Carefully consider your financial situation, including investment objective, time horizon, risk tolerance, and fees prior to making any investment decisions. No level of diversification or asset allocation can ensure profits or guarantee against losses. Article contributors are not affiliated with Acorns Advisers, LLC. and do not provide investment advice to Acorns’ clients. Acorns is not engaged in rendering tax, legal or accounting advice. Please consult a qualified professional for this type of service.

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