The Acorns investing app helps you use every last penny of spare change you have lying around to launch an investment account.
Now, they’re pitching in their own cash as a promotion to entice you to open a new account. They will chip in $10 to amp up your savings as soon as you sign up.
All you need to do is sign up for a new Acorns account using the link below. You will receive your $10 credit as soon as you finish registering.
This is an exclusive offer for Investing Simple readers.
What do you do with your loose coins?
Chances are good you leave those excess pennies, dimes, nickels and quarters lying around your car. Maybe you empty your pockets into a jar on your dresser, thinking you will cash them in some time in the future, but never get around to it. There are machines out there now that tally up coins to be exchanged for paper money, but they take a cut of your profits. Who wants to do that?
The Acorns online platform lets you put every single one of those pennies to good use.
You can literally open an Acorns account with less than a dollar’s worth of change. You read that right.
Acorns is a robo-advising, micro-investing platform that does the saving and investing for you. Right now, there are more than 5 million people using the Acorns platform, and this $10 promo could be just the nudge you need to join them.
It’s basically micro-investing with micro-pricing.
There are no deposit or account minimums to maintain, no commission fees and no penalties when withdrawing funds. What’s more, Acorns charges just $1 per month for its basic service, Acorns Lite.
One of the most interesting features of Acorns is automatic round-ups. You simply link a credit or debit card, then buy morning coffee, gas, groceries, Friday night dinner, you name it! Acorns will round-up the amount you’ve spent to the nearest dollar. Then, it will take that change, no matter how small an amount, and funnel it into your investment portfolio.
Acorns seamlessly transfers those spare coins into investments diversified across more than 7,000 stocks and bonds that are automatically rebalanced with market fluctuations up and down. The key word here is “automatic.” You don’t need to log into you account and make the round-ups happen. It’s all done for you.
You can add to your wealth by making one-time investments from anywhere. Got an extra $25 from cutting coupons and bringing a brown bag lunch to work? Shuttle that right into your Acorns investment account.
You can sign up for Acorns in three levels of membership:
Lite: $1 a month.
Includes a taxable investment account.
This level lets you:
Personal: $3 a month.
This level tacks on an Individual Retirement Account and a checking account.
This level gives you:
Family: $5 a month.
This includes everything in the lower tiers, plus Acorns Early, which lets you open investment accounts for kids.
Acorns is a smart, simple way to save and invest money you probably don’t even know you have. The $10 bonus is an incentive to open an account before the end of the year. So, dig out those dusty coins and get them to work for you!