Investing for everyone.
Have you ever wanted to start investing but felt intimidated by the complexities of the stock market? Acorns is a user-friendly platform that makes investing accessible to everyone, regardless of their financial knowledge or background.
What is Acorns?
Acorns is a micro-investing app that allows you to invest small amounts of money, even your spare change, into a diversified portfolio. The platform was founded on the principle that everyone should have the opportunity to build wealth for the future.
How Does Acorns Work?
Here’s a basic overview of how Acorns works:
- Round-Ups®: Acorns’ signature feature, Round-Ups®, automatically invests your spare change from everyday purchases. For example, if you buy a coffee for $2.50, Acorns will round up the purchase to $3.00 and invest the extra $0.50.
- Recurring Investments: You can set up recurring daily, weekly, or monthly investments, regardless of the amount.
- Diversified Portfolios: Acorns offers several pre-built portfolios diversified across different asset classes, including stocks and bonds. You can choose a portfolio that aligns with your risk tolerance and investment goals.
- Retirement Accounts (Acorns Later): Acorns also offers individual retirement accounts (IRAs), making it easy to save for your long-term financial future.
- Checking Account (Acorns Checking): Acorns offers a checking account with a debit card.
Mighty Oak Debit Card
Acorns Mighty Oak Debit Card
Acorns has partnered with Dwayne “The Rock” Johnson to introduce the Mighty Oak debit card, designed to help you save and invest. Here are some key features:
- High APYs: The Mighty Oak card offers competitive Annual Percentage Yields (APYs) on your Checking and Emergency Fund balances. As of December 19, 2024, these rates are:
- Checking: 2.57% APY
- Emergency Fund: 4.05% APY
- Early Payday: Get your paycheck up to two days early when you set up direct deposit.
- Metal Card: The Mighty Oak card is a tungsten metal debit card.
- Real-Time Round-Ups®: Invest spare change immediately.
- Paycheck Split: Automatically invest a portion of your paycheck.
Fee Waiver: Acorns waives the monthly subscription fee for customers who set up direct deposit of at least $250 per month within 45 days of signing up for the Mighty Oak Card.
Acorns Features
Acorns features
- Acorns Invest: This is the core investing feature, where your Round-Ups® and other contributions are invested into diversified portfolios.
- Acorns Later: This feature allows you to open and manage retirement accounts, such as Traditional, Roth, and SEP IRAs.
- Acorns Checking: A checking account that integrates with your Acorns investment account.
- Acorns Earn: Earn bonus investments when you shop with Acorns’ partner brands.
- Acorns Learn: Educational content to improve your financial literacy.
Get Started with Acorns
Acorns simplifies the investment process, making it easy for anyone to start building wealth. Whether you’re a seasoned investor or just getting started, Acorns offers a range of tools and features to help you achieve your financial goals.
Ready to start your investment journey with Acorns? Sign up using my referral link and get started today!
Acorns App
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Disclaimer: Investment involves risk. You could lose money.