Fidelity vs Acorns

Fidelity is a cash management account with a decent APY. How does it compare to Acorns? Read our comparison chart below.

Fidelity offers stock trades at $0 per trade and more than 180 branch locations. There is no minimum deposit.

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

	Fidelity	Acorns

	Learn More	Visit Site
	SPECIAL OFFER Commission-Free Trading - Online Stock, ETF and Option Trades - Learn More Read Fidelity Review	SPECIAL OFFER $20 Investment Bonus - Learn More Read Acorns Review
	Benefits and Features
Savings		No
Stock Trading	$0	Part of service fee. No add-on trading fees.
Options Trading	$0.65 per contract	No
Annual Fee	None	Acorns Bronze ($3/mo) - includes personal taxable account, IRA, and checking account Acorns Silver ($6/mo) - includes everything in Bronze, emergency fund, 25% match on rewards, and 1% IRA match on Acorns Later contributions Acorns Gold ($12/mo) - includes everything in Silver, investment accounts for kids, 50% match on rewards, custom portfolio, Trust & Will, $10K Life Insurance, free GoHenry account, and 3% IRA match on Acorns Later contributions
Cryptocurrency Trading	$0	No
Minimum Deposit	$0	$0
Checking		Yes
Mutual Fund Trading	Yes	No
Commission Free ETFs		A selection automatically chosen by Acorns
Phone Support		Yes
Live Chat Support		No
Email Support		Yes
Human Advisors		No
Robo Advisor		Yes
Assets Under Management		$4.7 Billion
Tax Loss Harvesting		No
Goal Tracker		Yes
Automatic Deposits		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	$0	None, but you will keep paying the monthly fee
Maintenance Fee	$0	Monthly fee for the service
Online Platform		Yes
iPhone App		Yes (4.7 stars, 760k ratings)
Android App		Yes (4.3 stars, 156k ratings)
Banking	No	Included in Acorns Bronze ($3/mo). Free metal debit card, no minimum balance, no overdraft fees, and 55,000+ fee-free ATMs nationwide.
Mobile App	Yes	iOS & Android
Two-Factor Authentication		Yes
Locations		No
Online Community		No
Seminars		No
Virtual Trading		No
Fractional Shares		Yes
Taxable Accounts		Yes
401k Plans		No
IRA Accounts		Yes
Roth IRA Accounts		Yes
SEP IRA Accounts		Yes
Trust Accounts		No
529 Plans		No
	CreditDonkey® Reviews

Savings
Fees
Mobile App
Customer Service
Annual Fee
Minimum Deposit
Ease of Use
Pros & Cons	Pros: $0 monthly service fee No minimum balance Free debit card Cons: Relatively low APY Few physical branches	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	Cash management account with a decent APY... 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
	Commission-Free Trading - Online Stock, ETF and Option Trades Cash Management Account	$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. Fidelity: Pricing information from published website as of 07/05/2024. Acorns: Pricing information from published website as of 09/28/2020.

$20 Investment Bonus

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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

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Acorns Invest: Invest Spare Change

Automatically Save and Invest

Which is Better: Fidelity or Acorns?

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

In short: Fidelity's customer service is notable.

Articles on Fidelity

Fidelity High Yield Savings Review

Fidelity boasts an all-around account with no fees and a decent APY. But there's even more to discover. Keep reading.

Fidelity vs Robinhood

Articles on Acorns

Acorn App Review

Acorns automatically invests your spare change. But can it help make you money? Find out if this app is safe and legit.

Apps Like Acorns

Acorns is one of the best micro-investing apps out there. But is it for everyone? Read on to see some of your alternatives.

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.

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