Save money and be informed. CreditDonkey is a personal finance comparison and reviews website. This website is made possible through financial relationships with card issuers and some of the products and services mentioned on this site. Advertiser Disclosure†

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 $3/month for accounts. 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
 Visit SiteVisit Site
 

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

Savings
Yes
No
Stock Trading Part of service fee. No add-on trading fees.
Options Trading 
No
Annual Fee
30 days free; then $5/month
  • $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)
Cryptocurrency Trading 
No
Minimum Deposit
$0
$0
Checking
No
Yes
Mutual Fund Trading 
No
Commission Free ETFs A selection automatically chosen by Acorns
Phone Support
No
Yes
Live Chat Support
No
No
Email Support
Yes
Yes
Human Advisors 
No
Robo Advisor 
Yes
Assets Under Management 
$4.7 Billion
Tax Loss Harvesting 
No
Goal Tracker
Yes
Yes
Automatic Deposits
Yes
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
Yes
Yes (4.7 stars, 760k ratings)
Android App
Yes
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
Yes
Two-Factor Authentication 
Yes
Locations 
No
Online Community 
No
Seminars 
No
Virtual Trading 
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
Mobile AppStarStarStarStarHalf Star
Ease of UseStarStarStarStarStar
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 eToro.


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

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.





You Might Also Like

Qapital Review: Is It Safe?
Qapital

Qapital Review: Is It Safe?

Qapital "forces" you to save by rounding up your purchases or following rules you've chosen. So can this mobile app for beginning savers help you? Read on to find out.
100+ Ways to Save Money, Starting Today

100+ Ways to Save Money, Starting Today

Does it feel like no matter what you do, you don't have much money left over at the end of the month? Here are real tips, broken up by category, to help you save money.

Next Page:

About CreditDonkey
CreditDonkey is a personal finance comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

†Advertiser Disclosure: Many of the offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.

About Us | Reviews | Deals | Tips | Privacy | Do Not Sell My Info | Terms | Contact Us
(888) 483-4925 | 680 East Colorado Blvd, 2nd Floor | Pasadena, CA 91101
© 2022 CreditDonkey Inc. All Rights Reserved.