Betterment and Acorns aim to automate saving and investing for their users. Users can save and invest without the need for manual account management with these services. What happens when you compare Betterment and Betterment and Betterment and Betterment and Betterment and Betterment and Betterment and Betterment and Betterment and Betterment and Betterment and Betterment and Betterment and Betterment and Betterment and Betterment and Betterment and Betterment Are the acorns going to head to head? Let’s see who can win that challenge.
If you round up your purchases to the nearest dollar, you can put the spare change into a savings or investing account. You can make your money work for you if you save and invest with Acorns.
Betterment allows the app to automatically invest your money and balance your portfolio. You can use the app to manage your investment portfolio and make smart decisions with your money.
There are some key differences between the two companies that will help you decide which app is right for you. Taking the time to compare features, read user reviews and ask questions can help give you a better idea of which app is best suited for your
| Betterment | Acorns | |
| Robo Advisor Quality | Provides more flexibility and easier goal tracking | Better if you’re beginning or just want a way to put your spare change to use |
| Mobile Banking | Debit card and mobile money management plus a high-yield savings option | Debit card and mobile money management |
| Promotions and Rewards | Cashback rewards, no fees for asset management for bringing referrals | Direct cash rewards for referrals, $1 million sweepstakes |
| Pricing | Free basic plan | Acorns charges a fee for all of its account tiers |
| Customer Support | Direct one-on-one access to advisors, plus email and phone support | Phone support but no advisory services |
| App Performance | Secure, full encryption, identity verification, and fraud protection | Secure, full encryption, identity verification, and fraud protection |
You can make that call yourself if you read how Betterment and Acorns compare. If you want to reach your financial goals, Betterment and Acorns are great options, so make sure to do your research and choose the one that’s best for you.
Jump straight to our in-depth Betterment vs. Betterment and Wealthfront are two of the most popular automated investing platforms on the market today. Acorns comparison
Betterment Review for 2022
Everything you need to know about Betterment is here. If you’re looking for a simple and straightforward way to invest, Betterment is an excellent choice.
What is Betterment?
Betterment is a mobile investing app. Betterment wants to make investing more accessible and efficient for everyone. It offers access to checking and savings accounts, as well as tax-friendly accounts. It makes it easy for users to manage their financial assets.
The app was launched in 2008. It is one of the most popular apps in the world. Recently, Betterment announced record growth during the first quarter of 2021, with net new clients up more than 100% year over year.
The platform has over 650,000 customers and $31 billion in assets under management.
Betterment features
The top features of Betterment are listed here. Betterment is a great choice for those who want to invest with confidence, knowing that their money is being managed by a reliable and trusted company.
Automated investing
Betterment is an investment option. It is suitable for people of all ages and financial background, making it an ideal choice for those who want to invest without stress.
When you open a Betterment account attempts to understand your financial situation and make investment decisions on your behalf. Betterment account is an excellent way to make sound investing decisions without having a deep understanding of the stock market.
Betterment builds portfolios with low-cost, diversified exchange-traded funds, which are one of the least risky asset classes. Betterment gives advice to investors based on their individual goals and risk tolerance.
Betterment Tax Loss Harvesting+
Tax-loss harvesting involves selling investments at a loss. Tax-loss harvesting can increase your returns on investments. Individual investors should not attempt this strategy on their own.
Betterment has tax-loss harvesting on investment accounts. Betterment has an automated investing platform that is tailored to individual investors’ needs. The feature is called TLH+. It offers users unprecedented control and flexibility over their projects, allowing them unprecedented speed and accuracy in their workflows.
IRAs and 401(k)
Looking to set up a tax-friendly retirement account? Betterment offers traditional IRAs. Betterment can help you make the right decision for your retirement savings. The company does not offer SIMPLE IRAs. This type of retirement savings plan is being considered.
Betterment has a goal-based investment allocation system. The system helps you make the most of your investments while taking the stress out of the process. The tax coordination tool increases after-tax returns on retirement money. Users can use the tax coordination tool to make the best decisions for their future.
Betterment allows you to set up regular auto-deposits with automatic stops to prevent you from going beyond IRA limits.
No-fee checking
Betterment has a checking service. It is easy to manage your finances with the checking service. It has access to mobile pay services like Apple Pay, and a tap-to-pay Visa card. The Visa card has chip-and-PIN technology for added security.
Betterment avoids overdraft fees and reimburses ATM fees. Monitoring customer accounts and making sure there is enough money available to cover transactions is what it does. The platform offers insurance from the Federal Deposit Insurance Corporation that protects up to $250,000 per account. This gives customers peace of mind that their money is safe.
Betterment and other financial technology providers don’t store or transfer money. These companies give their users services to help them manage their finances more effectively. They partner with banks to power their digital experiences.
Cash Reserve
It is easy to manage money using a mobile device with Betterment’s access to the Cash Reserve savings program. The Cash Reserve program is designed to help users reach their financial goals more quickly.
The account has a variable rate which tracks the fed funds rate. It’s a great way to make your money work harder for you. The rate is at 0.10% at the moment. For the foreseeable future, it is expected to stay at this rate.
Cash Reserve allows you to save money to accomplish certain goals. You can track your progress and adjust your savings plan as needed. Spending analysis and guidance is provided by the app.
You can move money in and out of a It is possible to open a Cash Reserve account without having to worry about transfer fees. It’s the perfect solution for on-the-go banking because you can easily access your Cash Reserve account from your mobile device.
Betterment now offers joint Cash Reserve accounts, which are eligible for up to $2 million in FDIC insurance. This is a great way to save and provide financial security for your family.
Goal tracking
Goal tracking is one of the Betterment features that I like the most. It’s easy to adjust your contributions to make sure you stay on track.
You can use Betterment’s tools to reach your goals, such as a family vacation or a new bike. You can keep track of your progress and get help from Betterment to stay on track. Determine how to reach your target with a goal forecaster, connect outside accounts, schedule deposits and 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 Track your progress along the way to make sure you stay on track.
All-in-one financial dashboard
Betterment provides an all-in-one financial dashboard that makes it easy to see your net worth, connect outside accounts, view performance, and track savings progress. Betterment’s financial dashboard helps you set and manage goals, automatically rebalance your portfolio, and access personalized advice tailored to your individual financial needs.
Track deposits, spending, and transfers can be added to your accounts. You can set up notifications to let you know when your balance reaches a certain level.
Betterment pricing and fees
There are three pricing plans, including a free model and two paid plans. Tax-loss harvesting and personalized advice from certified financial planners are included in the paid plans.
Betterment Checking and Cash Reserve (no fee)
- $0 minimum balance
- No-fee checking account and Visa debit card
- ATM fee reimbursement
- FDIC insurance up to $250,000
- Cash Reserve
- Financial goal setting and advice
- Retirement planning tools
- Advice for third-party bank accounts
Betterment Digital Investing (0.25% annual fee)
- $0 account minimum
- Management fee of ~$2.50/ year for every $1,000
- Digital investing with managed portfolios
- Socially responsible investing
- Multiple account options (joint accounts, IRAs, and trusts)
- Automatic tools like automatic rebalancing
- Dividend reinvestment
- Add checking and Cash Reserve for no extra cost
Betterment Premium Investing (0.40% annual fee)
- $100,000 minimum balance
- Management fee of ~$400/year for every $100,000
- Access all digital investing features
- Unlimited calls and emails with Betterment’s CFP team
- Access to human advisors
- Add checking and Cash Reserve for no extra cost
Betterment promotions for2022
The top promotions are running. Take advantage of the promotions while they last.
Betterment referral program
If you bring a new customer to the platform, Betterment will give you 30 days of asset management for free. Existing customers can earn rewards for themselves and new customers through referrals. Your referral pal will get three months of free service, which is a win-win for both of you.
You can both earn an additional year of free service if you refer three friends. If you have a group of like-minded friends, why not invite them all? It’s a great way to save money while having fun with your friends, and you’ll all get rewards when you join.
Betterment rewards
You can receive rewards from leading brands and retailers when you use the Betterment Visa Debit Card. You can redeem your rewards directly from the Betterment app. If you like to shop, you can use Betterment and get some rewards. You could use the rewards to buy more of the things you love. Spending money to get cash back isn’t going to fast-track your journey to financial freedom. Cash back can help you save money in the short term, but it is not a long-term solution to financial stability.
Now that you have a better understanding of Betterment, it is time to look at the second part of the puzzle. Technology can be used to help you save and invest your money.
Acorns Review for 2022
Everything you need to know about Acorns is here. You can invest as little as $5 at a time, and it’s free for students.
What is Acorns?
Money can be funneled into investing, checking, and retirement accounts. TheAcorns app helps users make the most of their investments by giving them personalized advice. It takes found money and puts it to work for you. Through this process, you can make your money work harder for you without changing your lifestyle.
Betterment entered the market in 2014).
The company now has more than 4 million users and a total value of $2.2 billion. Acorns is planning to merge with Pioneer Merger Corp. later this year.
Acorns features
The top features of Acorns are listed here. The app allows users to get started with a small amount of money and build their portfolio over time.
Acorns Investing
The investing account is the main feature. It is easy and accessible for anyone to start investing with Acorns. Here is how it works. It’s easy to understand.
The Round-Up program helps you passively invest cash as you spend money.
When you make a purchase,Acorns rounds up the amount of money you spend to the nearest dollar and sets aside the remaining amount for investing
The company puts spare change into diversified portfolios with optimal expense ratios. Automatic portfolio rebalancing is provided by acorns.
The smart deposit feature pulls money from a direct deposit for investing.
Acorns Checking
You can use the online checking service to store money, make direct deposits, transfer funds, and send checks. It’s easy to manage your finances with the convenience of Acorns Checking. It is possible thanks to a partnership with Lincoln Savings Bank. There is a checking and debit account called Acorns Spend.
If you open an account with Acorns, you will also receive a custom engraved debit card. Wherever Mastercard is accepted, you can use your card to make purchases.
Betterment accounts have up to $250,000 of insurance. This makes sure that your investments are protected. Unlike Betterment, Acorns doesn’t offer a high-yield savings account.
Learning resources
You can use the educational resources in the library to learn more about investing. You can get expert advice to help you make the best investment decisions.
If this sounds intriguing, check out Grow Magazine and the Money Basics knowledge center.
Acorns Sustainable Portfolios (ESG Investing)
A growing number of investors want to invest in eco-friendly organizations. More and more investors are looking for ways to use their money to support organizations that are taking steps to reduce their environmental impact. Environmental, social, and governance investing or socially responsible investing is what this approach is called. ESG investing is gaining traction in the financial community as a way to align investments with personal values.
If you try to invest on your own, you may end up taking unnecessary risks that will hurt your portfolio. Before investing in sustainable stocks, it is best to speak with a financial advisor, as they can provide guidance on the best options for your individual needs.
To solve this problem, Acorns offers a The feature of sustainable portfolios allows you to help the planet and your portfolio at the same time. You’re showing that you care about the environment by investing in sustainable portfolios.
Acorns pricing and fees
There is a fee for all of the account tiers. It’s easy to start investing with no minimum account balance required. Betterment is not a free plan. You may have to look elsewhere if you want a free investment platform.
Here is a breakdown of the features that are included in the paid account types. If you’re looking for a way to start investing a little, Acorns is a great option.
Lite ($1 per month)
- Access to Acorns Investing
- Set up recurring investments
- Earn bonus investments from more than 350 partners
- Access hundreds of articles from financial experts
Personal ($3 per month)
- Access to all Lite features
- Retirement planning options
- Get a checking account with a cool metal debit card
- Access to 55,000 fee-free ATMs
- Bonus investment opportunities
Family ($5 per month)
- Access to all Lite and Personal features
- Ability to set up shared family investing and banking
- Retirement planning
- Personal investing
- Personal checking
Acorns promotions for 2022
The top promotions are offered by Acorns. Don’t miss out on these promotions, they are only available for a limited time.
Acorns referral program
Once your friend invests $5 or more, you can both earn a $5 bonus.
Occasionally, there are referral incentives to keep an eye out for. Extra rewards can be earned on top of the usual benefits with the referral incentives. There was a special referral bonus that paid up to $1,000 for five referrals. Existing Acorns customers were able to earn extra money and boost their savings. Up to $50 for one referral and $600 for three referrals were recent bonuses. The regular commission rate was not included in the bonuses.
Acorns Earn
Acorns Earn is a You can get special discounts when you shop online with the chrome extension. Similar to how you can earn cash back with the Betterment Visa Debit Card, you have to spend money to earn rewards. You have to make sure you’re using the card in a responsible way.
There is no such thing as a free lunch. It’s important to remember that you usually get what you pay for.
Path to $1 Million Sweepstakes
All Acorns customers will be automatically enrolled in the Path to $1 Million Sweepstakes. You can earn additional entries by completing qualifying activities.
A $1 million deposit will be given to the winner. This is a once-in-a-lifetime chance to get a jumpstart on your financial future.
Comparing Betterment vs. Acorns
Now that we have covered the nuts and bolts of each company, let’s see how they compare. It’s important to consider which company is best suited to your needs, since both companies offer unique benefits.
Robo advisor quality
Winner: Betterment
Betterment andAcorns offer automated investing services. Investing in the stock market can be difficult for beginners.
Betterment is a better option for serious investors who want to maximize their returns because it provides more flexibility and easier goal tracking.
If you want a way to put your spare change to use, then Acorns is a better option. It’s an ideal choice for those looking to get started with investing because it has a range of investment options to suit any budget.
Mobile banking
Winner: Betterment
I like the fact that Acorns has mobile money management. I’m impressed byAcorns’ commitment to providing an easy and secure way to manage my money. Betterment has a similar package along with a high-yield savings option. Betterment has a variety of different investment accounts that customers can choose from.
Betterment has a stronger banking product. Betterment is an attractive option for many people because of its flexibility and convenience.
Promotions and rewards
Winner: Acorns
Both programs offer rewards. The rewards programs make them even more attractive because they give customers more value for their money. Direct cash rewards for referrals are provided by Acorns instead of a free service. There is a discounted annual fee for customers who maintain a minimum account balance.
There is a $1 million sweepstakes going on. If you enter your information, you will have a chance to win. Acorns is the winner when it comes to promotional packages. Acorns is a great place to invest your money and make the most out of promotional packages.
Referrals and incentives do not mean much in the grand scheme of things. The success or failure of a business depends on the quality of service. It is important to use a financial app because you like what it has to offer. Tracking your spending can help you take control of your finances. The rewards are icing on the cake.
Signing up and getting started
Winner: It’s a tie
Both Betterment and Acorns are easy to use. All you have to do is sign up, download the app, and link your bank accounts. You can use the service to manage your finances once your accounts are linked.
Neither app requires a lengthy approval process. The approval process for both apps can be completed in a few minutes. You should be able to use these apps in a matter of minutes if you have a valid Social Security number and email address. You will need to provide valid, up-to-date information in order to use these apps.
Customer support
Winner: Betterment
Telephone support is provided by Acorns at 1 (855) 739-2859. Please don’t hesitate to call us if you have any questions. The company does not offer advisory services. Customers have to take responsibility for their decisions.
Betterment gets my vote for customer support. Direct one-on-one access is provided by the company. The company’s advisors are dedicated to helping clients reach their financial goals. Betterment offers technical support via email and over the phone. The customer service team is open seven days a week.
App performance
Winner: Acorns
Both mobile apps work well for Apple.
Betterment has a score of 4.8/5 stars in the App Store and 4.4/5 stars in the Play Store.
Likewise, Acorns has a score of 4.7/5 in the App Store and 4.3/5 in the Play Store.
Regardless of which version of the app you use, you will experience issues from time to time. It’s important to remember that app developers are constantly working to improve their products, so don’t give up on a particular app if it doesn’t meet your expectations right away. Both apps are reliable.
Both apps are very secure, with full encryption, identity verification, and fraud protection. All data is kept safe and secure, giving users peace of mind.
The mobile experience on Acorns is very effective at helping you save and invest more money. It is an ideal choice for beginners because it is a great way to start saving and investing. If you want to maximize your savings strategy, you can’t go wrong with Acorns. It’s a great way to start building wealth and financial security.
Pricing
Winner: Betterment
Betterment has a free package that gives access to checking, high-yield savings, and planning tools. Betterment has low-cost investment options to help you reach your financial goals. That plan beats the minimum and premium plans. It’s a great option for people who don’t want to pay high fees and still want to invest. You get more because you don’t have to spend hard-earned cash. You can maximize your potential by taking advantage of free opportunities.
Betterment charges more for its managed services. Betterment services offer personalized advice and access to financial experts, making them a great option for those who need more help managing their investments. Betterment is worth it for serious investors.
Overall winner: It’s a tie
It isn’t a matter of saying one app is better than the other. It’s a matter of figuring out which app is best for you. It is up to you to decide which one is right for you. It is important to consider your individual situation and needs when making a decision about which product to purchase.
If you are just starting out and want a way to start investing small amounts of capital, Acorns is probably the better bet. You can learn more about investing with a range of educational resources from Acorns. Betterment is the better choice if you want to use arobo-advisor. Betterment is ideal for anyone looking to benefit from automated investing because of its user-friendly interface and low fees.
Since you have made it this far, why not check out the other ones? It’s a good idea to compare Betterment and Acorns to see which one is the best for you. You don’t have to worry about signing binding contracts because the apps are flexible. You can cancel them at any time.
If you don’t like one service, you could always switch to the other.
Alternative Investment Platforms to Consider
Here are alternative investment platforms to consider. It’s important to understand the risks associated with each platform before investing.
Best mobile experience: Wealthfront
Wealthfront is an automated investing and savings app that caters to customized portfolios. Wealthfront can handle the job of building a portfolio for you. You can build a tailored portfolio with Wealthfront.
Best for beginners: Robinhood
Robinhood offers commission-free investing over a user-friendly app. The company will give you a free share of stock when you sign up. You will also have access to commission-free trading and investing.
It’s for beginners who want to invest in the market. It allows investors to buy and sell stocks without paying commission fees, which is often seen as an alternative to traditional stockbrokers. Why don’t you give it a try if that sounds like you? You don’t need to be an expert to try it out, you just need the courage to take the first step.
Best overall advisor: BlackRock
BlackRock is a leading asset manager that provides access to a wide array of funds and portfolios. The company has a wide range of products. Investment advice from certified financial planners is also provided by the company.
Best for low-cost index funds: Vanguard
Vanguard offers low-cost, high-performing index funds. If you are looking for funds that can give you broad market exposure and solid long-term growth, you should consider Vanguard. Over the years, Vanguard has provided investors with low-cost, reliable funds that have proven to be successful investments.
Frequently Asked Questions
There are a lot of questions about Betterment. Two of the most popular options for investing, and both have their own unique advantages that should be considered when making an investment decision. Acorns.
How does Acorns work?
Each transaction is rounded up to the nearest dollar, and then Acorns takes the spare change and invests it on your behalf. Even the smallest purchases can be rounded up and invested, so you can start investing with a single dollar. If you buy something for $7.12 and invest 88 cents, the total transaction will be $8 on your statement. This is a great way to start investing.
It is possible to invest without having to manually transfer money. Anyone can start investing without having to understand the stock market. It’s convenient for new investors and people who just want to invest more. It can be helpful for experienced investors who want to change their portfolios frequently.
Is Acorns worth it?
If you put more into your account balances, you can pay less in fees. I like low-fee financial tools.
It doesn’t offer much control over investments, which is the only real downside to Acorns. It’s a great option for those who are just getting started with investing and want to do it without a lot of work. You cannot buy individual stocks, fractional shares, government bonds, corporate bonds, real estate, or cryptocurrencies. You have to look for other investment options if you want to invest in these types of assets.
If you prefer to take more of a hands-on approach, stick with a traditional online brokerage account.
What is a robo-advisor?
A robot that allocates assets on your behalf is called a robo-advisor. The investments are made according to your goals and risk tolerance, helping you achieve a diversified portfolio with minimal effort. You can learn your goals by studying your financial situation and investing to reach them. If you don’t have the time or expertise to manage your own investments, robo-advisors are a great option. It is similar to working with a digital financial advisor. It can help you make better financial decisions.
The best robo-advisors can help you diversify your portfolio without stressing your risk tolerance.
All investing carries risk as a caveat. Do your own research and understand the risks before investing with a robo-advisor.
Does Betterment have account minimums?
Betterment has a $100,000 account minimum. The plan is designed for people who are serious about growing their wealth and want more features and services. Betterment has no minimum account requirement for its free or digital plans. If you want, you can start investing with a few dollars.
The Bottom Line
Betterment is a top-rated financial planning and investment app.
Thanks to automation, both can help you build an investment portfolio and generate passive income from the stock market.
Betterment is better suited for experienced investors who have more capital than Acorns is for beginners. If you don’t fall into either of these categories, Betterment andAcorns offer great options for building your financial portfolio. There is no rule that says you can’t use both.
If you invest and save money that you would have spent otherwise, you are already headed in the right direction. It’s okay to make mistakes as you go along, the important thing is to start somewhere.
