Acorns is modernizing the old-school practice of saving loose change, merging the robo-advisor model with an automated savings tool. The app rounds up your purchases on linked credit or debit cards, then sweeps the change into a computer-managed investment portfolio. Set up and auto-deposit of $20-50 per week.
Management fee: $1/month for accounts under $5,000; 0.25% for accounts of $5,000 or more
Account minimum: $0
Promotion: College students get up to four years free
Start investing with Acorns today! Get $5 when you use my invite code: https://acorns.com/invite/5AJZE2
Acorns review: NerdWallet