Acorns Login | Acorns Investment Account

Acorns is an investment app that lets you easily invest your spare change from purchases made on linked credit or debit cards. This money can go into investment accounts that match your risk tolerance. Acorns only offers managed portfolios of ETFs (exchange-traded funds) for investing, but it also provides checking accounts and bonus investments for shopping with over 12,000 brands.

What is Acorns?

Acorns strives to make investing more accessible through automatic micro-investing and related services, like providing FDIC-insured checking accounts and bonus investments for shopping at certain stores.

Users can create investment accounts with diversified ETF portfolios, and Acorns offers both traditional and sustainable portfolio options. You can also invest up to 5% of your overall portfolio in a bitcoin-linked ETF or invest your money in one of Acorns’ child- or retirement-focused investment accounts.

If you want to add to your earnings, Acorns partners with ZipRecruiter to help you find a new job, and you can earn bonus investments for shopping from select brands.

You can also learn more about investing through the company’s educational resource library, which covers money and micro-investing basics, and its digital magazine.

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.

Pros

• Painless Way to Save —Since the amounts taken out of your account are small, you won’t notice them missing from your checking account.
• Hides the Complexities of Investing — You don’t need to understand Modern Portfolio Theory to use Acorns.
• Start Investing With No Money — Acorns doesn’t require a minimum deposit to start using the service.
• Easy to Set Up Custodial Accounts — Acorns Early makes it easy to set up a custodial investment account for your children and start investing in their future.

Cons

• Only for “Boosting” Your Savings — Acorns' savings amounts aren’t really suited to save the 5% to 20% annually you need to put toward retirement or larger goals.
• Can Lose Principal—It's possible to lose money with Acorns, although the recommended investments are pretty conservative.
• Expensive for Small Accounts – Monthly Acorns fees can be high for very small investment portfolios.

Bottom Line

The Acorns app makes it simple for you to invest automatically. Additional perks, like checking accounts with smart deposits, can help you earn more. However, you might want a more robust platform for serious investing.

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