Online account · FDIC insured through partner banks
Acorns
Your money is held at 2 banks. Based in Irvine, CA. It opens accounts online nationwide.
Rates
No Carrot Score: scores compare banks and credit unions, and Acorns holds your money at 2 banks. Its rates are below, with what each one takes.
- Savings—3.59%Needs Acorns Silver ($8/mo)Savings rates →
Acorns isn’t a bank. Deposits are FDIC-insured through its 2 partner banks up to $250,000 per depositor, as Acorns states; that covers a bank failing, not Acorns.
About Acorns
Emergency Savings is the interest-bearing savings account in the Acorns investing and banking app, available only with Acorns' paid Silver and Gold plans.
Acorns isn't a bank; Emergency Savings is held at nbkc bank or Lincoln Savings Bank, which may place funds at other FDIC-insured banks through a deposit network.
Acorns says its customers have invested over $7.3 billion in spare change.
- Headquarters
- Irvine, CA
Eligibility
Who can open an account
From Acorns’s own terms and help pages. Check with Acorns before you apply.
- Must be a U.S. citizen or lawful U.S. resident (or U.S. military living temporarily abroad) with a U.S.-issued Social Security or tax ID number.
- Must be over 18, or the age of majority in your state if that's older.
- Subscription required: Emergency Savings comes only with the Silver plan ($8/month for sign-ups after August 16, 2026) or Gold plan ($12/month); Bronze includes checking but not Emergency Savings.
- Required other account: none besides an Acorns plan; you fund Emergency Savings from a linked outside bank account or from Acorns checking.
- Mighty Oak Checking and Mighty Oak Emergency Savings closed to new sign-ups on November 10, 2025; new customers get Green Card Checking and Emergency Savings.