Tom Songer, M.Ed Author
Jul 27, 20203 min
It's National Parents' Day and we’ve already welcomed 28,500 Early kids this month! To celebrate, if we reach 50,000 by July 31st, we’re investing $10,000 in one family. Sign up for our investment account for kids now for a chance to win.
Tap below to sign up for Early and complete your account
Make an initial $5 investment
Visit this link to tell us and tell us your hopes for the child you love
For terms and conditions, tap here.
Investment account for kids
Invest for the kids in your life — multiple kids per family at no added cost
Full financial wellness system
Get personal investment, retirement, and checking accounts
Easy, automated investments
Set it and forget it, starting at just $5 a day, week, or month
Grow your knowledge, together
Custom financial literacy content for families, powered by us and CNBC
Exclusive Found Money offers
Find savings and bonus investments from partners like Disney+ and ABC Mouse
Potential tax advantages
Investing for the child in your life can help you save on taxes
Flexibility (UTMA/UGMA account):
Use funds for anything benefitting the child, and easily transfer when they’re grown
Acorns is an investing company that offers an investment account, a retirement account, and a checking account that invests your spare change.
Acorns has launched a fourth type of account: Acorns Early (for kids and families)
Acorns Early is an investment account for kids. There isn't an option to sign up for just the Acorns Early account — to open an account, you have to sign up for the Acorns Family plan.
By signing up for an Acorns Family plan, you gain access to all four accounts: Acorns Invest, Acorns Later, Acorns Spend, and Acorns Early.
You might want to open an Acorns Early account if you:
Are already an Acorns member, OR you want access to Acorns' investment, retirement, and checking accounts
Qualify for a free Acorns Family plan because you've had a baby in 2020
Want access to financial literacy content that helps you communicate with your child about money
Prefer a UGMA account over a 529 plan
You might not want to open an Acorns Early account if you:
Aren't interested in the rest of Acorns' accounts
Prefer a 529 plan over a UGMA account to save for your kids' futures
Don't qualify for a free plan, and you find a company that offers a more affordable UGMA account
Joining the Acorns Family plan costs $5 per month for most families. Here's how Acorns' pricing works:
Acorns Lite plan ($1 per month): Acorns Invest
Acorns Personal plan ($3 per month): Acorns Invest, Acorns Grow, Acorns Spend
Acorns Family plan ($5 per month): Acorns Invest, Acorns Grow, Acorns Spend, Acorns Early
Read Business Insider's full review of Acorns Spend »
You may not want to pay $5 per month. But if you're considering opening a UGMA account with another company, ask about any fees — it's possible you would end up paying more than $5 monthly in hidden fees. It's also worth noting that $5 per month grants you access to four types of accounts, all of which help you invest.
Acorns is offering a special deal for families who have a baby in 2020: You get access to the Acorns Family plan for free until the child turns 18 and you transfer the account to their name.
You can open multiple Acorns Early accounts with an Acorns Family plan. So if you open an account for your child born in 2020, then open additional accounts for your other children, you still get a free membership.
Grow your oak!
Call Acorns Today!