How much does Acorns cost to use? Acorns was the first app I started using. For an account with a balance below $5,000, the monthly fee is $1 plus 0.5%. But you would need to have $5,000 invested before Acorns’ fees were as low as Betterment at 0.25% . Also, don’t forget your investments earn regular dividends that can offset or exceed the monthly fee as well . Acorns does have an IRA account called Acorns Later, but that is a $2 a month fee. So, it’s hard to say which is better; Stash vs Acorns vs Robinhood vs Betterment, etc. Acorns is a fresh addition to the Robo-Advisor space, but when it comes to my money, I want real advantages if I’m going to be paying for it. Acorns Spend: Acorns also has an FDIC-insured checking account plus debit card, called Acorns Spend, that its Core users can pre-order. Micro-investing might look great at first glance, but more than 50,000 micro-investors using Acorns are paying annual fees of over 6.2 per cent a year. The Acorns app would invest $20 for you each month but would take 5% of those savings in Acorns fees. Acorns Later: Acorns Later is an individual retirement account available to Acorns investing app users. However, hundreds more options can be found by dealing with a commercial investment company like Wells Fargo or Fidelity. Is Acorns worth it? Acorns and Tax Returns - Ouch! When Sitar checked her Acorns balance after the first three months, “It felt like free money,” she wrote. Wealthfront is a sizable step up from Acorns in what it provides to its customers. It's perfect for the younger crowd and has proven immensely popular with Millennials. It's a handy app for when you want to get your feet wet with investing. In this Acorns review, we’re going to show you how Acorns works and screenshots of it in action, and help you determine is Acorns worth it? So, give one of these apps a try, and make your money work for you. People who open an IRA through Acorns Later pay $2 a month for both accounts. Acorns is a microsavings app that rounds up your purchases to an even number and investing the difference for you. Acorns does offer 6 different assets allocations that are well diversified. However, their biggest advantage is Direct Indexing. However, it caters to the high net worth investor. In my opinion, if Acorns is the difference between saving more money each month instead of spending it on something you don’t need, it’s well worth the price. Acorns fees can be high if you keep a small balance. Acorns uses it to build your investment portfolio, which ranges from conservative to aggressive. Acorns basic service costs $1/month, so a balance of $5 would cost 20% in fees. When you read reviews online, especially on Reddit, it becomes obvious that it’s really a matter of personal preference. Is Acorns Worth It? 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