The service could be a good option for investing newcomers who already have an emergency fund established. Your age, income and net worth are also taken into account.
The platform selects your investment mix based on a survey you’ll complete about your individual savings goals, risk tolerance and time horizon. It invests the money in a diversified portfolio of low-cost index ETFs. The app rounds up these transactions to the next dollar, and it sweeps the spare change into a brokerage account after you have amassed $5. What it doesĪcorns links up with your banking and credit card accounts and monitors your transactions, such as purchases and bill payments. AcornsĪcorns is a fintech company that started in 2014 and offers an automated investing platform, which you can use on an app or browser. Try a few that seem appealing and see if it’s a good fit.Īccount details and annual percentage yields (APYs) are accurate as of February 8, 2024.
Which app is best for you depends on your goals, habits and current financial situation. Each product works a bit differently-some make automatic transfers for you, while others help you create a budget to give you a bit more control over your finances. Money-saving apps allow you to save more money in a variety of ways.
