Investing Simple Logo
Menu
Get 1 Free Stock Worth Up To $200 From Robinhood!
Sign up with Robinhood, deposit any amount and get 1 Free Stock. It takes less than 3 minutes to sign up and claim your Free Stock Bonus.
Earn 5.00% APY with M1 High-Yield Savings Account
M1 Plus members can earn 5.00% APY on their deposits with no minimum balance required.
Webull free stock promotion
Get Up To 5 Free Stocks From Webull
Open a new Webull brokerage account today and deposit any amount of money to receive 5 free stocks. Webull offers commission free stock, ETF, option and crypto trading.
Written by Cari Scribner on January 12, 2022
Category: 
FTC Disclosure: Some of the links on this site are affiliate links. Read our full disclaimer here.

Is Acorns FDIC/SIPC Insured?

Acorns is a micro-investing app that will automatically invest your spare change. 

This automatic feature is called round-ups. When you spend money through a connected debit card, the app will round up the amount you spent to the nearest dollar.

Then, that spare change is invested in a diversified portfolio of index funds. It does not matter how small the amount is. It could be pennies, every little bit adds up.

You might be wondering if Acorns is safe to save and invest with.

In this article, we will be explaining both the FDIC and SIPC insurance associated with their different financial products.

Don't forget to grab your free stock worth up to $200 from Robinhood today!

Best Free Stock Promotions

BrokeragePromotionLink
Robinhood LogoGet 1 Free Fractional Share Worth $5 To $200Download
Webull LogoGet Up To 12 Free Fractional SharesDownload
Moomoo LogoGet 5 Free Stocks When You Deposit $100+Download
Acorns LogoGet A $20 Bonus When You Invest $5+Download

Is Acorns FDIC Insured?

First of all, it is important to note that FDIC insurance is for banks only, not brokerage accounts.

This would only apply to you if you use the Acorns debit card/checking account service. If you solely use the Acorns Invest feature, not the debit card, the FDIC insurance wouldn't apply.

Acorns offers clients Acorns Visa debit cards issued by Lincoln Savings Bank.

The bank is a member of the FDIC, which insures your deposits. The FDIC covers your deposits up to $250,000.

Is Acorns SIPC Insured?

Yes! Acorns is a Member of the Securities Investor Protection Corporation (SIPC).

The SIPC insures you against loss of securities such as stocks and bonds, as well as any cash you have in reserve for future investment within the brokerage.

This insurance covers up to $500,000 in securities. It also insures up to $250,000 of cash.

Always keep in mind that any financial losses you experience while investing are not insured by any government institution. SIPC insurance insures you against your brokerage losing your financial assets such as stocks and bonds.

The SIPC does not insure against losses experienced in the market.

Article written by Cari Scribner

Read more

Power Your Investing

Choosing the right product and service is essential for your investing. Here are some of the tools and services to help your portfolio grow.
Robinhood
Robinhood provides an easy-to-use free trading platform for beginner investors. Robinhood has $0 account minimums. Get a free stock when you open an account below.
Try Robinhood
M1 Finance
M1 Finance offers a free investing platform where users can build portfolios of stocks and ETFs. Users can also choose from a variety of pre-built portfolios offered for free.
Try M1 Finance
Fundrise
Passively invest in private real estate deals with as little as $10. Fundrise allows you to own residential and commercial real estate across the U.S. starting at a 1% annual fee.
Try Fundrise
Copyright © 2018 – 2023 Investing Simple LLC. All Rights Reserved.
Investing Simple is a financial publisher that does not offer any personal financial advice or advocate the purchase or sale of any security or investment for any specific individual. Members should be aware that investment markets have inherent risks, and past performance does not assure future results. Investing Simple has advertising relationships with some of the offers listed on this website. The information on Investing Simple could be different from what you find when visiting a third-party website. All products are presented without warranty. For more information, please read our full disclaimer.
Website managed by Stallion Cognitive™
magnifiermenuchevron-downcross-circlechevron-down-circle

Get 1 Free Stock Worth Up To $200 From Robinhood!

Don't Miss This Opportunity!

Investing Simple readers can claim a free stock from Robinhood worth up to $200 when they open a brokerage account and deposit any amount.

For US Residents only. Investing Simple is affiliated with Robinhood, and we may earn a commission when you sign up for Robinhood.

18749
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram