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Acorns vs GROUNDFLOOR

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 GROUNDFLOOR? Read our comparison chart below.

 AcornsGROUNDFLOOR
 Visit SiteVisit Site
 

Acorns

GROUNDFLOOR

SPECIAL OFFER
$20 Investment Bonus - Learn More

Read Acorns Review

SPECIAL OFFER
Invest in Real Estate with $10 - Learn More

Read GROUNDFLOOR Review

 

Benefits and Features

Savings
No
 
Stock TradingPart of service fee. No add-on trading fees. 
Options Trading
No
 
Annual Fee
  • Acorns Personal ($3/mo) - includes personal taxable account, IRA, and checking account
  • Acorns Personal Plus ($5/mo) - includes everything in Personal, emergency fund, and 25% match on rewards
  • Acorns Premium ($9/mo) - includes everything in Personal Plus, investment accounts for kids, 50% match on rewards, custom portfolio, Trust & Will, $10K Life Insurance, and free GoHenry account
$0
Cryptocurrency Trading
No
 
Minimum Deposit
$0
$10
Checking
Yes
 
Mutual Fund Trading
No
 
Commission Free ETFsA selection automatically chosen by Acorns 
Phone Support
Yes
Yes
Live Chat Support
No
Yes
Email Support
Yes
Yes
Investment Types 
Short-term real estate loans
Human Advisors
No
 
Robo Advisor
Yes
 
Accredited Investor Requirements 
None
Assets Under Management
$4.7 Billion
 
Minimum Investment 
$10
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
 
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
 
Two-Factor Authentication
Yes
 
Dividends 
Monthly
Investment Period 
12 to 18 months
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

 AcornsGROUNDFLOOR
Annual FeeStarStarStarEmpty StarEmpty Star
Minimum DepositStarStarStarStarStarStarStarStarStarStar
Mobile AppStarStarStarStarHalf Star
Customer ServiceStarStarStarEmpty StarEmpty StarStarStarStarStarEmpty Star
Ease of UseStarStarStarStarStarStarStarStarStarEmpty Star
Commissions and FeesStarStarStarStarStar
LiquidityStarStarStarEmpty StarEmpty Star
Pros & ConsPros:
  • No minimum to open account
  • Invest with spare change
  • Cash-back program
Cons:
  • Fees are high for small balances
  • No tax benefits
  • Limited investment options
Pros:
  • No investor fees
  • High historical returns
  • $10 minimum
Cons:
  • Risk of default
  • Debt investments only (no equity)
Bottom LineInvestment app that automatically invests your spare change. Good for young investors to get into the habit... Read full reviewCrowdfunding platform for passive investors looking for short-term real estate debt investments... Read full review
 Visit SiteVisit Site
 Terms Apply. Offering Circular

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.

GROUNDFLOOR: Investments carry risk and may lose value. Not an offer or solicitation to purchase securities. Please consult the Offering Circular and related SEC filings before making an investment decision.

Acorns

$20 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
GROUNDFLOOR

Invest in Real Estate with $10

The minimum investment amount is only $10. (Though most transfer $100 for better diversification; subsequent transfers can be for any amount)

  • Short-term real estate investments lasting just 12-18 months
  • Open to non-accredited investors
  • No investor fees
GROUNDFLOOR

Diversify Your Portfolio

With Groundfloor you can diversify your investment portfolio with real estate like a pro without needing to be a millionaire.

Which is Better: Acorns or GROUNDFLOOR?

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

In short: Acorns' ease of use is outstanding. GROUNDFLOOR's customer service is worth mentioning.


Articles on Acorns

Acorns Investing

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 or Safe

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 GROUNDFLOOR

Groundfloor Review

Groundfloor offers short-term real estate investments starting with just $10. With average returns over 10%, is it the right investment for you?

Comments

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