Should you use Acorns Early? A new investment account for kids - Business Insider

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If your baby is born 2020, you get a free Acorns Family membership until they turn 18

Are already an Acorns member, OR you want access to Acorns' investment, retirement, and checking accountsWant access to financial literacy content that helps you communicate with your child about moneyAren't interested in the rest of Acorns' accountsDon't qualify for a free plan, and you find a company that offers a more affordable UGMA accountAcorns Early is a Uniform Gifts to Minors Act account.

, but there's more flexibility in how you can use the funds from a UGMA account. Money from a UGMA account can be spent in any way that benefits the minor. Acorns already provided financial literacy content to members, and now it's crafted resources specifically for families who open Acorns Early accounts. Acorns wanted to meet members where they are and create a product that would be useful for their families. "About a third of our customers are parents," Noah Kerner, CEO of Acorns, told Business Insider. .

 

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You're announcing this now ? Past 6 months of the year 😆

Business must be booming. Ha

My baby is due Jan 2021...How about making an exception for a family of 6?

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