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This article was published on October 8, 2014

Acorns for Android helps you get rich by investing all your spare change

Acorns for Android helps you get rich by investing all your spare change
Paul Sawers
Story by

Paul Sawers

Paul Sawers was a reporter with The Next Web in various roles from May 2011 to November 2014. Follow Paul on Twitter: @psawers or check h Paul Sawers was a reporter with The Next Web in various roles from May 2011 to November 2014. Follow Paul on Twitter: @psawers or check him out on Google+.

Back in August, we brought you news on Acorns, a new iPhone app that wants to help you get rich through micro-investing your spare change. And today, it’s available for Android too.

Unfortunately, the app remains a US-only affair. But as with the iPhone incarnation, Acorns for Android connects up with your credit or debit card and links in with any purchase you make. Acorns can ’round up’ to the nearest dollar and invest this for you automatically, or enable you to do it manually.

Deposit-Withdraw
   
Portfolio Allocation - Conservative

Let’s say you buy groceries for $12.53, Acorns can make this an even $13, with $0.47 going into a “diversified portfolio of index funds,” offered by the likes of Blackrock, Vanguard and PIMCO.

Acorns claims more than 60,000 iPhone users have opened micro-investment accounts since the app launched in August.

The Android app has feature parity with the iPhone version, and is available to download in the US now. Be sure to check out our full original report on Acorns too.

➤ Acorns [Android] [iOS]

Thumbnail Image CreditShutterstock