Acorns Review 2021: Invest Your Savings With a Click of a Button

Acorns' spare-change saving tool and reward programs make investing easy. But is it worth using?

Investing any amount of money, whether you are investing $100,000 or only $500 — can be complicated if you don’t have the time to do the due diligence.

That’s where Acorns can help out even the most savviest investors and helps remove any hesitation about regularly investing in the stock market.

Acorns is a microsavings app similar to Qapital and Digit, but with a kick. This app saves you money but allows you to invest this money with a click of a button. Your savings can actually make you money, and you can even get started with a $5 bonus through this link. Here’s our Acorns review.



Featured App: Acorns

Acorns Logo

At Acorns


About Acorns:

  • Invest your spare change automatically.
  • Join almost 4000000 people saving and investing every day.
  • Sign up in no time to save and invest more money.
  • Money is invested in a portfolio based on your income and goals
  • Click here to sign up for free.
Bonus: SavingJunkie readers will get an extra $5 just for signing up!

What is Acorns?

Acorns is striving to become the best investing app to help make it easier to save and invest. CNBC calls it “the new millennial investing strategy.”

Want to Make Extra Money Now?
  • Acorns: Acorns is one of the most popular microsavings platforms. It literally lets you turn your spare change into investments. Join through here (must complete application) and get a $10 welcome bonus.
  • TradeStation: This online trading app lets you do everything for free and takes no fees — ever. Better yet, if you join through this link you can get up to $5,000 in your new account.
  • Fundrise: Fundrise is a very easy-to-use app that allows individuals to access crowd-funded real estate investing. This option is best for users who want to make money consistently and let their money make them money. Start Investing Now.

Once you connect the app to a debit or credit card, it rounds up your purchases to the nearest dollar and funnels your digital change into an investment account.

More than that, you can invest for retirement, open a checking account, and set up investment accounts for your children, among other services that we’ll cover in this Acorns review.

Sign up to try it risk-free with a $5 sign up bonus.

Acorns in Action

While the Acorns app is beautifully designed, it also works on mobile web devices and desktops (which is very useful). If you don’t know how to trade stocks, then you’ll benefit from a more passive investing approach that Acorns offers.

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Acorns Features

One feature that we love about Acorns is that the money that you’re saving is being invested. By investing your spare change, it makes it simple for you to grow wealth over time.

So what’s the big deal about investing?

Well, do your coworkers or friends all talk about their investment portfolios? You’ve been meaning to get in the stock game, but how do you start if you don’t have a big wad of cash to invest?

We’ve got your answer. It’s called Acorns, and it’s an app that lets you start investing without risking big bucks.

Acorns Invest

acorns invest

Acorns Invest will you micro-invest your spare change from daily purchases, automatically.

Once you sign up, it will ask you some basic questions that help build your risk tolerance for your portfolio.

Acorns Invest is the the original leading micro investing app, helping more than 3 million customers invest in the background of life.

Acorns Later

Acorns Later is an IRA, which stands for Individual Retirement Account. They’ll automatically select the right type of IRA for your lifestyle and goals, each offering distinct tax advantages and eligibility.

Acorns Later is a retirement account that welcomed more than 100,000 customers in its first month.

Acorns Spend

acorns spend

Acorns Spend is the first checking account with a debit card that saves, invests, and earns for you. You can get digital direct deposit, mobile check deposit, check sending and free bank-to-bank transfers.

Acorns Spend also comes with a debit card designed to look and feel as good as it works, made of tungsten metal, with a matte finish and spot gloss treatment on the Acorns branch, to remind you what your Acorns can become.

With Acorns Spend, you get everything you do with Acorns Invest and Acorns Later, plus a fresh debit card and an FDIC-protected checking account that works much harder — all for just $3/month.

Acorns Early

acorns early

Although children cannot invest on their own, Acorns Early lets you invest in the future of children in your life. Because it is a custodial account, the child you opened the account for will not be able to access the account until they reach adulthood. 

Acorns Early works like your Acorns Invest and Later accounts: you can invest as little as $5 into a diversified portfolio of exchange-traded funds (ETFs).

Acorns Earn

acorns earn

Acorns Earn allows more than 300 leading brands to invest a set amount or a percentage of your purchase price directly into your Acorns Invest account when you spend with them.

Acorns Earn rewards are typically invested in your Invest account between 90 and 120 days after you make a purchase with one of our partners. You should see any pending rewards in the “Earn more money” section within 3-7 business days of your transaction.

You can also now earn even more Earn Rewards through your Acorns Visa debit card. Partner restaurants and retailers may invest a percentage of any purchase you make on your Acorns Visa debit card into your Invest account, automatically.

Tips for making an eligible Acorns Earn purchase:

  1. If you are using any other promotions, discounts, gift cards or coupons, make sure they do not disqualify you from receiving Earn Rewards
  2. Ensure that ad-blockers or cookie blockers are disabled on your device. These can prevent Acorns from recognizing your purchase and may make you ineligible for Earn
  3. Do not activate other cash back/reward sites or browser extensions. Otherwise, your purchase might be associated with a service other than Acorns
  4. Click the offer link in the Acorns app and make the purchase in the same session
  5. Check that you are using an Acorns-linked card

Acorns Grow

Acorns Grow is a bunch of resources and article posts by Acorns plus CNBC collaboration.

The online blog has categories such as saving, investing, earning, spending and borrowing.

If you want to stay on top of your personal finances, then the Acorns grow blog can help.

How Does Acorns Work?

It’s pretty simple and the beautiful app does it for you after a few minutes of setting up the preferences you can:

  1. Invest automatically: Set aside spare change or extra cash as you go about your day with Round-Ups and Recurring Investments.
  2. Save for later: Get the easiest IRA, Acorns Later, and save for retirement without thinking about it.
  3. Stick with it: Sit back and let your money grow over time in diversified portfolios constructed by experts.
  4. Earn Found Money: The more you earn, the more you can save and invest! Grow faster the 250+ top brands that invest in you when you shop.
  5. Grow your knowledge: Original content right in your app helps you grow your money knowledge on the go.
  6. Spend Smarter (New): Pre-order the only checking account with a debit card that saves and invests for you, plus no minimum balance or overdraft fees. Qapital has this feature which we go over in our Qapital Review, but you aren’t able to earn interest or invest on your savings accumulated. This is where Acorns shines.

What Does Acorns Invest In

Acorns is a robo-advisor, and like other robo-advisors it invests based on Modern Portfolio Theory (MPT), is a theory that constructs portfolios to maximize returns and limit losses in exchange traded funds (ETFs).

The current Investment indexes, as well as the corresponding ETFs are as follows (though not all funds and asset classes are currently in use in all portfolios):

Five different portfolio allocations are used which are based on your risk tolerance (Conservative, Moderately Conservative, Moderate, Moderately Aggressive, and Aggressive).

The specific asset allocations in each portfolio are as follows:

Asset Class / PortfolioConservativeModerately ConservativeModerateModerately AggressiveAggressive
Large Company StocksN/A24%35%47%55%
Small Company StocksN/AN/A2%3%5%
Short Term Government Bonds40%N/AN/AN/AN/A
Ultra Short Term Corporate Bonds40%N/AN/AN/AN/A
International Company StocksN/A12%18%24%30%
Ultra Short Term Government Bonds20%N/AN/AN/AN/A
Medium Company StocksN/A4%5%6%10%
Government and Corporate BondsN/A60%40%20%N/A

Your portfolio is rebalanced for you automatically, and you can reinvest your dividends so your money is in the market at all times.

Once your portfolio has been created, it will be rebalanced periodically to maintain the targeted asset allocations. You also have the benefit of automatic dividend reinvestments, so your money will remain fully invested at all times.

How Does Acorns Protect Your Information?

All of your data is protected with 256-bit encryption and never stored on your phone, tablet or computer.

You can learn about Acorn’s security measures here.

Acorns Fees and Pricing

Simple pricing: Acorns is just $1, $3, or $5 per month. No surprise fees, just surprise upgrades.

acorns pricing

For more, check out the pricing page.

The Good and Bad

What we liked about Acorns
  • Easy and fast sign up in under 5 minutes.
  • Download Acorns and get started easily, with no minimum investment required.
  • You can easily set aside spare change or extra cash automatically as you go about your day.
  • Ability to grow your account over time with diversified portfolios constructed by experts.
What we didn’t like about Acorns
  • The portfolios are pretty basic, which you can construct yourself in minutes (mainly VOO, VB, VWO, VNQ).
  • No tax-loss harvesting.
  • Your money is being invested, your returns are not predictable.

Acorns Alternatives

capital one shopping
Capital One Shopping

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Acorns lets you invest your spare change automatically and join almost 4,000,000 people saving and investing every day.

Ibotta is a free app that allows you to earn cash back both in-store and online. It is well worth the little bit of time it takes to download, configure, and use.

Trim delivers on its promise to save you money effortlessly. You can use it to cancel unwanted subscriptions and bill negotiations.

Is Acorns Worth It?

Imagine if you could invest in your future without really noticing. Sign up in under 5 minutes and join over 4,000,000 people.

Acorns Logo


(Or click here to learn more about Acorns → ) 

Acorns Review

$1 - $5/month

Commissions & Fees


Customer Service


Ease of Use




Savings Options



  • Signing up takes less than 5 minutes max.
  • Getting started is quick and painless with no minimum investment required.
  • You will be able to set aside spare change or extra cash automatically as you go about your day.
  • Easily can grow your account over time with diversified portfolios constructed by experts


  • Your savings would be invested, your returns are not predictable.
  • They charge monthly fees, but you can use it for free if you sign up with an .edu email account.

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About the author

Brian Meiggs
Brian is the chief editor of SavingJunkie and is a personal finance expert who has spent the last few years writing about how Millennials can make smarter money moves. He has been fortunate enough to have appeared in several online publications, including Yahoo! Finance, NASDAQ, MSN Money, AOL, Discover Bank, GOBankingRates, and more. He is also diversifying his portfolio by adding a little bit of real estate. But not rental homes, because he doesn't want a second job, it's diversified small investments in hands off real estate investing via an app called Fundrise.

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