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Acorns - Invest Spare Change for Android

By Acorns Free Editors' Rating

Editors' Review

Download.com Staff Dec 11, 2014

Acorns allows you to open an investment account from your phone in only a few steps. It offers low fees and a number of tools to allow you to invest in the fashion that you feel most comfortable.

Pros

Automatic round-up investing: One of Acorns' main selling points is that it allows you to invest your change. In essence, whenever you buy something, Acorn will round up that amount to the nearest dollar, and then help you invest your change into an investment account. You can require that you manually push this through, or you can have it happen automatically.

Designed for small investors: Acorns is aimed at the little guys, offering very low fees and no account minimums or penalties for low balances.

Well-designed software: The app itself looks modern, is very easy to read, and can be navigated easily by someone who has never seen it, or other investment software, before.

Cons

Impractical: Such small investments won't return much.

Bottom Line

If you've never been brave enough to invest before, this app provides a great entry point. The price to entry is so low, and the app is so easy to use that anyone should feel comfortable dipping their toe into the investment pool.

Full Specifications

What's new in version 1.7.1

  • Check out Grow, our in-app resource for money news, interviews and how-to's.
  • An all-new Found Money screen makes discovering offers even easier.
  • Enhancements to your Round-Ups settings = a user friendlier experience.
  • And we fixed some bugs, because we believe in the power of small change.
  • General

    Release January 5, 2017
    Date Added January 5, 2017
    Version 1.7.1

    Operating Systems

    Operating Systems Android
    Additional Requirements Android 4.4 and up

    Popularity

    Total Downloads 257
    Downloads Last Week 0
    Report Software

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    Developer's Description

    Welcome to micro investing. Investing was for the wealthy. Now it's for everyone. Acorns helps you save and invest small amounts regularly into your own diversified portfolio. Start with just your spare change and join over 1 million who have taken steps to improve their future. It only takes minutes.

    Painlessly invest your spare change into a diversified portfolio of ETFs of over 7,000 stocks and bonds automatically. Easily invest more - with Recurring Investments (daily/weekly/monthly), One-Time Investments, Referrals, and Found Money. Watch your progress - check in on your account from anywhere. SIPC Protected - up to $500,000 is protected against fraud so your money is secure. Stay educated - Gain access to our online personal finance publication, Grow Magazine. Withdraw anytime - at no charge.