![]() The amounts can be fixed or a percentage of your purchase. Earning With Acorns Earn, shopping with one of Acorns’ retail partners earns you bonus investments that are put into your Acorns Invest account. Other features include a metal debit card, direct deposit and FDIC protection. Banking Acorns checking accounts, provided through Lincoln Savings Bank, function like traditional checking accounts but have Acorns products, like Invest and Later, built in. When your Round-Ups balance reaches $5, Acorns invests the money into your ETF portfolio. It’s not a stand-alone investment program, but Round-Ups is a feature that automatically rounds up purchases in each active account to the nearest dollar, saving the difference each time. The account works the same as Acorns Invest. Because it’s a custodial account, your child can’t access the funds until they’re an adult. Acorns Early lets you open a UTMA/UGMA account to invest in your child’s future.You can fund these accounts through recurring or one-time contributions. Acorns Later offers three types of retirement accounts: traditional, Roth and SEP (simplified employee pension) IRAs.Sustainable funds are chosen based on factors like ESG rating and environmental business practices. Depending on the portfolio, you might be investing in a blend of companies, bonds and markets in traditional or sustainable portfolios. Acorns Invest provides pre-built ETF portfolios based on your investment style: conservative, moderately conservative, moderate, moderately aggressive or aggressive.All rights reserved.Acorns offers a few different products and features to help you manage, save, earn and invest your money. Robinhood, 85 Willow Road, Menlo Park, CA 94025. Please see Robinhood Financial’s Fee Schedule to learn more. Keep in mind, other fees such as trading (non-commission) fees, Gold subscription fees, wire transfer fees, and paper statement fees may apply to your brokerage account. listed securities and certain OTC securities electronically. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount.Ĭommission-free trading of stocks, ETFs and options refers to $0 commissions for Robinhood Financial self-directed individual cash or margin brokerage accounts that trade U.S. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options trading entails significant risk and is not appropriate for all customers. RHY products are not subject to SIPC coverage but funds held in the Robinhood Money spending account and Robinhood Cash Card account may be eligible for FDIC pass-through insurance (see the Robinhood Cash Card Agreement and the Robinhood Spending Account Agreement). Cryptocurrencies held in RHC accounts are not covered by FDIC or SIPC protections and are not regulated by FINRA. Securities products offered by RHF are not FDIC insured and involve risk, including possible loss of principal. RHF, RHY, RHC and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard® International Incorporated. The Robinhood Money spending account is offered through Robinhood Money, LLC (“RHY”) (NMLS ID: 1990968), a licensed money transmitter. Cryptocurrency services are offered through Robinhood Crypto, LLC (“RHC”) (NMLS ID: 1702840). Brokerage services are offered through Robinhood Financial LLC, (“RHF”) a registered broker dealer (member SIPC) and clearing services through Robinhood Securities, LLC, (“RHS”) a registered broker dealer (member SIPC).
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