InvestingApps News & Analysis

Acorns Offers Micro-Investing with $0 Minimum to Start Investing

Acorns allows users to start investing with no minimum deposit required, although a $5 minimum is needed to initiate investments. Monthly fees vary, with plans priced at $3, $6, and $12, depending on service level. Silver members get a 1% IRA match on new contributions during the first year, while Gold members receive a 3% match. This service may be appealing for investors looking to start small and benefit from automatic investments of spare change. Micro-investing platforms like Acorns can increase accessibility for ordinary investors.