# Acorns App Review 2016: Investing Made Easy
Are you looking for a simple and stress-free way to invest your money? If so, you may want to consider the Acorns app. Launched in 2014, Acorns has quickly become a popular investment tool for both novice and experienced investors. In this blog post, we’ll review the Acorns app and explain why it’s worth considering for your investment needs.
## What is Acorns?
Acorns is a micro-investing app that automatically invests your spare change. Here’s how it works:
1. First, you link your credit or debit card to the app.
2. Whenever you make a purchase, Acorns rounds up the transaction to the nearest dollar and invests the difference.
3. The app then invests the spare change into a diversified portfolio of ETFs (exchange-traded funds).
Acorns also offers a range of other investment options, including recurring investments, one-time investments, and Found Money (cashback from select partner brands).
## Features and Benefits
There are several features and benefits that make Acorns a popular choice for investors. Here are some of the most notable ones:
– **Automatic Investing:** Acorns makes investing easy by automatically investing your spare change. This means you don’t have to worry about manually investing your money or making investment decisions.
– **Diversified Portfolio:** Acorns invests your money into a diversified portfolio of ETFs. This helps to reduce risk and increase the chances of earning a positive return on your investment.
– **Low Fees:** Acorns charges a low monthly fee of $1 for accounts under $5,000 and 0.25% per year for accounts over $5,000. This is a much lower fee than what many traditional investment firms charge.
– **Educational Content:** Acorns provides educational content to help you learn more about investing and how to make the most of your money.
– **Found Money:** Acorns partners with select brands to offer cashback when you make purchases using your linked card. This cashback is then automatically invested into your account.
## User Interface and Experience
Acorns has a sleek and user-friendly interface that makes it easy to use. Here are some of the highlights:
– **Dashboard:** The dashboard provides an overview of your account, including your current balance, recent transactions, and investment performance.
– **Portfolio:** The portfolio tab shows you the breakdown of your investments and how they’re performing.
– **Settings:** The settings tab allows you to customize your investment preferences, such as your risk tolerance and recurring investments.
– **Customer Support:** Acorns offers customer support via email, phone, and in-app messaging.
Here are some frequently asked questions about the Acorns app:
### Is Acorns safe?
Yes, Acorns takes the security of your information and investments seriously. The app uses bank-level security and encryption to protect your data and investments.
### How much does Acorns cost?
Acorns charges a monthly fee of $1 for accounts under $5,000 and 0.25% per year for accounts over $5,000.
### What kind of investments does Acorns offer?
Acorns invests your money into a diversified portfolio of ETFs (exchange-traded funds).
### How do I withdraw my money from Acorns?
You can withdraw your money from Acorns at any time by transferring it back to your linked bank account.
### Can I use Acorns if I’m not based in the US?
No, Acorns is currently only available to US residents.
## Final Thoughts
Overall, the Acorns app is a great investment tool for anyone looking to start investing or make investing easier. With its automatic investing, low fees, and user-friendly interface, Acorns makes investing more accessible than ever before. If you’re interested in trying out the app, we recommend giving it a try and seeing how it works for you.