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.

	Visit Site	Visit Site
	Digit	Acorns
	SPECIAL OFFER 30 Days for Free - Learn More Read Digit Review	SPECIAL OFFER $20 Investment 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	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	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
Annual Fee
Minimum Deposit
Customer Service
Mobile App
Ease of Use
Pros & Cons	Pros: 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 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	Good savings app that analyzes your finances and automatically saves money... Read full review	Investment app that automatically invests your spare change. Good for young investors to get into the habit... Read full review
	Visit Site	Visit Site
	30 Days for Free	$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. Digit: Pricing information from published website as of 07/02/2018 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: 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 Robinhood.

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.

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

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

• 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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