Blooom vs Acorns

Blooom is an unique 401k auto-advisor service for a low yearly fee. How does it compare to Acorns? Read our comparison chart below.

	Learn More	Visit Site
	Blooom	Acorns
		SPECIAL OFFER $20 Investment Bonus - Learn More Read Acorns Review
	Benefits and Features
Savings		No
Stock Trading		Part of service fee. No add-on trading fees.
Options Trading		No
Annual Fee	Analysis is free $45/year for Essentials Plan $120/year for Standard Plan $250/year for Unlimited Plan	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
Cryptocurrency Trading		No
Minimum Deposit	$0	$0
Checking		Yes
Mutual Fund Trading		No
Commission Free ETFs		A selection automatically chosen by Acorns
Phone Support	No	Yes
Live Chat Support	Yes	No
Email Support	Yes	Yes
Human Advisors	Yes	No
Robo Advisor		Yes
Assets Under Management	$4 Billion	$4.7 Billion
Tax Loss Harvesting	No	No
Goal Tracker	Yes	Yes
Automatic Deposits	No	Yes
Broker Assisted Trades		Acorns automatically invest and trade for you
Good For		Beginners; Passive investors; Those who have trouble saving/investing on their own
Inactivity Fee		None, but you will keep paying the monthly fee
Maintenance Fee		Monthly fee for the service
Online Platform	Yes	Yes
iPhone App	No	Yes (4.7 stars, 760k ratings)
Android App	No	Yes (4.3 stars, 156k ratings)
Banking		Included 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
Locations		No
Online Community		No
Seminars		No
Virtual Trading		No
Single Stock Diversification	No
Fractional Shares	No	Yes
Taxable Accounts	No	Yes
401k Plans	Yes	No
IRA Accounts	Yes - from Fidelity and Vanguard	Yes
Roth IRA Accounts	Yes - from Fidelity and Vanguard	Yes
SEP IRA Accounts	Yes - from Fidelity and Vanguard	Yes
Trust Accounts	No	No
529 Plans	No	No
	CreditDonkey® Reviews
Annual Fee
Minimum Deposit
Customer Service
Mobile App
Ease of Use
Pros & Cons	Pros: Manage retirement accounts No account minimum Flat yearly fee Cons: No taxable accounts Limited IRA accounts	Pros: 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
Bottom Line	Unique 401k auto-advisor service for a low yearly fee... Read full review	Investment app that automatically invests your spare change. Good for young investors to get into the habit... Read full review
	Learn More	Visit Site
		$20 Investment Bonus Try Acorns Today! Acorns Invest: Invest Spare Change
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Blooom: Pricing information from published website as of 10/28/2020 Acorns: Pricing information from published website as of 09/28/2020.

$20 Investment Bonus

Get $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

Try Acorns Today!

Get Deal

Acorns Invest: Invest Spare Change

Automatically Save and Invest

Which is Better: Blooom or Acorns?

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

In short: Blooom's annual fee and customer service are noteworthy.

Articles on Blooom

Blooom Review

Blooom is an affordable robo-advisor for your 401k. But is it safe and legit? Read this in-depth review for the pros and cons.

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.

• Acorns vs Stash
• Acorns vs Betterment
• Acorns vs Robinhood

Is Acorns 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.

Comments

• Olivia Tabor from Texas
  on April 2019 said about Acorns:

  I have both Acorns and Robinhood and even though they each serve a different purpose I don't have the freedom of stock purchase that I really like. I believe Acorns diversifies for my needs more effectively.

Comments may be filtered for language. CreditDonkey makes no guarantee of comments' factual accuracy. These responses are not provided or commissioned by bank advertisers. Responses have not been reviewed, approved or otherwise endorsed by bank advertisers. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Visitors may report inappropriate content by clicking the Contact Us link.

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