Is acorns a good investment app?

When it comes to round-up investing apps, Acorns is among the best in the business, but it might not be right for everyone. It’s easy to use, has an excellent education platform for new investors, and simple, straightforward fees. However, whether the $3 to $9 monthly fee is a benefit or a detriment really depends on your account balance.

Does acorns offer investing & banking?

Acorns offers investing and banking all in one place. When investors also open a banking account, they can easily set up automatic Round-Ups investing. This means that when investors make a purchase with their Acorns debit card, the spare change amount will automatically be invested in real time.

Is acorns a good passive investing app?

Acorns offers a simple, low-cost passive investing solution that’s well-suited to new investors. While the app’s user interface and educational content is designed for beginners, its flat-fee structure is actually somewhat more expensive than percentage-based fees for those who are just starting out—competitor Ellevest has a similar problem.