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Acorns vs Goldco

Acorns is an investment app that automatically invests your spare change. Good for young investors to get into the habit. How does it compare to Goldco? Read our comparison chart below.

Acorns is geared towards young investors who have trouble saving. This investment app automatically rounds up and invests your spare change whenever you make a purchase. The service fee starts at $3/month for accounts. There is no minimum to open.

While Goldco is one of the most popular gold IRA companies. It stands out for its large selection of IRS-approved gold and silver coins, highest price buyback guarantee, and thousands of 5-star reviews. The minimum investment is $25,000.

Compare Acorns with Goldco, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 AcornsGoldco
 Visit SiteVisit Site
 

Acorns

Goldco

SPECIAL OFFER
$10 Investment Bonus - Learn More

Read Acorns Review

SPECIAL OFFER
Free Gold IRA Kit - Learn More

Read Goldco Review

 

Benefits and Features

Savings
No
 
Stock TradingPart of service fee. No add-on trading fees. 
Options Trading
No
 
Annual Fee
  • $3/mo for Acorns Personal (includes personal taxable account, IRA, and checking account)
  • $5/mo for Acorns Family (includes everything in Personal plus investment accounts for kids)
Varies depending on custodian
Cryptocurrency Trading
No
 
Minimum Deposit
$0
$25,000
Checking
Yes
 
Mutual Fund Trading
No
 
Commission Free ETFsA selection automatically chosen by Acorns 
Phone Support
Yes
 
Live Chat Support
No
 
Email Support
Yes
 
Human Advisors
No
 
Robo Advisor
Yes
 
Assets Under Management
$4.7 Billion
 
Gold IRA 
Check
Tax Loss Harvesting
No
 
Goal Tracker
Yes
 
Automatic Deposits
Yes
 
Broker Assisted TradesAcorns automatically invest and trade for you 
Good ForBeginners; Passive investors; Those who have trouble saving/investing on their own 
Inactivity FeeNone, but you will keep paying the monthly fee 
Maintenance Fee
Monthly fee for the service
 
Online Platform
Yes
 
Setup Fee 
$50
iPhone App
Yes (4.7 stars, 760k ratings)
 
Android App
Yes (4.3 stars, 156k ratings)
 
BankingIncluded in Acorns Personal ($3/mo). Free metal debit card, no minimum balance, no overdraft fees, and 55,000+ fee-free ATMs nationwide. 
Mobile App
Yes
 
Silver IRA 
Check
Platinum IRA 
Check
Palladium IRA 
Check
Two-Factor Authentication
Yes
 
Locations
No
 
Online Community
No
 
Seminars
No
 
Virtual Trading
No
 
Fractional Shares
Yes
 
Taxable Accounts
Yes
 
401k Plans
No
 
IRA Accounts
Yes
 
Roth IRA Accounts
Yes
 
SEP IRA Accounts
Yes
 
Trust Accounts
No
 
529 Plans
No
 
 

CreditDonkey® Reviews

 AcornsGoldco
Annual FeeStarStarStarEmpty StarEmpty Star
Minimum DepositStarStarStarStarStarStarStarStarHalf StarEmpty Star
Customer ServiceStarStarStarEmpty StarEmpty StarStarStarStarStarStar
Mobile AppStarStarStarStarHalf Star
Ease of UseStarStarStarStarStar
Gold IRAStarStarStarStarEmpty Star
FeesStarStarStarEmpty StarEmpty Star
SafetyStarStarStarStarStar
Pros & ConsPros:
  • No minimum investment
  • Invest with spare change
  • Cash-back program
Cons:
  • Fees are high for small balances
  • No tax benefits
  • Limited investment options
Pros:
  • Highest buyback price guarantee
  • Free silver promotion
  • A+ BBB rating
Cons:
  • $25,000 min
  • Higher transaction fees
Bottom LineInvestment app that automatically invests your spare change. Good for young investors to get into the habit... Read full reviewVery reputable Gold IRA account, but fees are higher than competitors... Read full review
 Visit SiteVisit Site

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Acorns: Pricing information from published website as of 09/28/2020.

Goldco: The required minimum purchase at Goldco to start a gold IRA is $25,000. Goldco’s preferred Custodian charges a flat annual account service fee which includes a one-time IRA account set-up fee of $50, as well as a $30 wire fee. Annual maintenance is $100, and storage is $150 for segregated storage or $100 for non-segregated storage. Fees for gold storage and custodianship can vary depending on the company you select to handle these services (required by the IRS, as all IRA assets must be managed by a custodian). Depending on the Custodian, storage fees can range from $10 to $60 per month, or as a percentage of assets, from 0.35% to 1% annually. Goldco does not charge any storage fees for cash transactions over $25,000.

Acorns

$10 Investment Bonus

  • Open an Acorns account (new users only)
  • Set up the Recurring Investments feature
  • Have your first investment be made successfully via the Recurring Investments feature
Acorns

$5 Investment Bonus

  • Open an Acorns account (new users only)
  • Set up the Recurring Investments feature
  • Have your first investment be made successfully via the Recurring Investments feature
Goldco

Free Gold IRA Kit

  • Up to $10,000 in free silver for eligible customers
  • Highest buyback price, guaranteed
  • Endorsed by Sean Hannity and Chuck Norris
Goldco

Get Up to $10,000 in Free Silver

Open a qualifying gold IRA and get up to $10,000 in free silver

Which is Better: Acorns or Goldco?

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Acorns or eToro.

In short: Acorns' minimum deposit is outstanding. Goldco's customer service is outstanding.


Articles on Acorns

Acorn App Review

Acorns automatically invests your spare change. But can it help make you money? Find out if this app is safe and legit.

Is Acorns Legit

Acorns lets you invest spare change from every purchase. But is it safe to use? Learn just how secure the micro-investing app is.

How to Make Money Using Acorns

Acorns "rounds up" everyday purchases and invests it for you. What's the catch? Read this review to find out how to make money using the app.

Articles on Goldco

Goldco Review

Goldco is one of the most popular gold and silver IRA companies. But how high are the fees? And is it right for you? Read on to find out.

Comments

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