5. Acorns review

How Does Acorns Work?

While microsavings is still Acorns’ main driver, Acorns does more than just invest your spare change. You can invest for retirement, set up a checking account, and set up a custodial investment account for your children, among many other services.

By linking your credit card and checking account, Acorns reads your spending habits on your credit card and rounds each transaction up to the nearest whole number. It pulls the difference from your checking account and invests it in an Acorns account that you set up.

Acorns is a great starting point for anyone who hasn’t invested yet or needs a bit of guidance in the beginning, and you can actually make money using it for investing.

Acorns Features

Minimum Investment$0
Fees$3 a month for the Personal Plan; $5 a month for the Family plan.
Mobile AccessiPhone App, Android App, Blackberry App
Website AccessTrue
AccountsTraditional IRARoth IRARollover IRACheckingSavingsMoney Market

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