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Digit vs Acorns

Digit is a good savings app that analyzes your finances and automatically saves money. How does it compare to Acorns? Read our comparison chart below.

Digit analyzes your income and spending patterns and automatically withdraws affordable amounts into your savings account. It makes saving mindless so it's great if you have trouble saving. The fee is $5/mo (first 30 days free). There is no minimum balance requirement.

While 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 $1/month for accounts under $5,000. There is no minimum to open.

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

 DigitAcorns
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Digit

Acorns

SPECIAL OFFER
30 Days for Free - Learn More

Read Digit Review

SPECIAL OFFER
$10 Sign-Up Bonus - Learn More

Read Acorns Review

 

Benefits and Features

Stock Trading Part of service fee. No add-on trading fees.
Savings
Yes
No
Annual Fee
30 days free; then $5/month
$1/mo for Acorns Lite (taxable account only)
$3/mo for Acorns Personal (includes IRA and checking account)
$5/mo for Acorns Family (includes investment accounts for kids)
Minimum Deposit
$0
$0
Checking
No
Yes
Phone Support
No
Yes
Live Chat Support
No
No
Email Support
Yes
Yes
Human Advisors 
No
Assets Under Management 
$1.2 Billion
Tax Loss Harvesting 
No
Goal Tracker
Yes
Yes
Automatic Deposits
Yes
Yes
Online Platform
Yes
Yes
iPhone App
Yes
Yes
Android App
Yes
Yes
Banking $3/mo for Acorns + Acorns Later + Acorns Spend checking. Free debit card, no minimum balance, no overdraft fees, and unlimited free or fee-reimbursed ATMs nationwide.
Mobile App
Yes
Yes
Single Stock Diversification 
No
Fractional Shares 
Yes
Taxable Accounts
No
Yes
401k Plans
No
No
IRA Accounts
No
Yes
Roth IRA Accounts
No
Yes
SEP IRA Accounts
No
Yes
Trust Accounts
No
No
529 Plans
No
No
 

CreditDonkey® Reviews

 DigitAcorns
Annual FeeStarStarEmpty StarEmpty StarEmpty StarStarStarStarEmpty StarEmpty Star
Minimum DepositStarStarStarStarStarStarStarStarStarStar
Customer ServiceStarStarStarEmpty StarEmpty StarStarStarStarEmpty StarEmpty Star
Pros & ConsPros:
  • No minimum balance
  • Save without thinking
  • 1% annual savings bonus
Cons:
  • High monthly fee
  • No phone support
  • Not for long term savings
Pros:
  • No minimum investment
  • Invest with spare change
  • Cash-back program
Cons:
  • Fees are high for small balances
  • No tax benefits
  • Limited investment options
Bottom LineGood savings app that analyzes your finances and automatically saves money... Read full reviewInvestment app that automatically invests your spare change. Good for young investors to get into the habit... Read full review
 Visit SiteVisit Site

30 Days for Free

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

Digit: Pricing information from published website as of 07/02/2018

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

Which is Better: Digit or Acorns?

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


Articles on Digit

Digit Review

Digit automatically builds a savings fund for you by withdrawing small, affordable amounts. But it's not perfect. Is it worth the fee? Let's find out.

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.

Comments

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