Brands like Nike and Cotton On are helping gen Ys to invest

ASOS, Nike, Lorna Jane, Sportsgirl and Cotton On are some of the latest brands to have partnered up with Acorns Australia.

Popular micro-investing app Acorns recently announced it has secured eight new partners for the Australian version of its Found Money rewards program in 2017.

Through this program, Acorns users who purchase products from partnering retailers can receive bonus contributions into their Acorns account.

The new partner brands are offering to match up to 5 times the Acorns user’s normal “round-up” and invest that into their Acorns account.

But to receive these bonus “round-ups”, users must shop through the Acorns app or web app.

Millennials, who are the key target of this program, are often criticised for being thriftless and not investing in their future enough.

Perhaps they’ll feel less guilty of this by shopping through Acorns – knowing that at the same time, money is being invested on their behalf.

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Meet The New Found Money Partners

Read the full terms and conditions of each offer through the Acorns app.

We have four new Bonus Roundup partners – go to 'Found Money' to check them out! @theiconicau @LornaJaneActive @CharlesTyrwhitt @CottonOn pic.twitter.com/qQ4mHsojxp

— Raiz Invest (@raizaustralia) January 17, 2017

ASOS

• About: Online shopping for the latest fashions
• Offer: “Shop with ASOS and they will invest a Bonus Round-Up of 3x your regular Round-Up in your Acorns account.”
• Promotion expiry: 31/12/2017

Nike

• About: Sports footwear, apparel and accessories
• Offer: “Shop with Nike and they will invest a Bonus Round-Up of 3x your regular Round-Up in your Acorns account.”
• Promotion expiry: 18/12/2017

The Iconic

• About: Online clothing and footwear retailer
• Offer: “Shop with The Iconic and they will invest a Bonus Round-Up of 3x your regular Round-Up in your Acorns account.”
• Promotion expiry: 31/12/2017

Lorna Jane

• About: Australian active wear for women
• Offer: “Shop with Lorna Jane and they will invest a Bonus Round-Up of 3x your regular Round-Up in your Acorns account.”
• Promotion expiry: 31/12/2017

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Cotton On

• About: Australian retail chain
• Offer: “Shop with Cotton On and they will invest a Bonus Round-Up of 2x your regular Round-Up in your Acorns account.”
• Promotion expiry: 31/12/2017

Sportsgirl

• About: Women’s clothing chain
• Offer: “Shop with Sportsgirl and they will invest a Bonus Round-Up of 2x your regular Round-Up in your Acorns account.”
• Promotion expiry: 31/12/2017

Cellarmasters

• About: Australian and international wines
• Offer: “Shop with Cellarmasters and they will invest a Bonus Round-Up of 5x your regular Round-Up in your Acorns account.”
• Promotion expiry: 31/12/2017

Charles Tyrwhitt

• About: Men’s apparel specialising in tailored shirts
• Offer: “Shop with Charles Tyrwhitt and they will invest a Bonus Round-Up of 5x your regular Round-Up in your Acorns account.”
• Promotion expiry: 31/12/2017

Go to the 'Found Money' tab in your app to see how these brands will invest back into your Acorns account up to 5 times your normal Round-up pic.twitter.com/puA24sQD70

— Raiz Invest (@raizaustralia) January 6, 2017

Other ways of getting bonus contributions

Acorns is also currently offering to contribute $2.50 to the accounts of existing users each time they refer a friend who subsequently creates an account of their own. The referred friend will also get $2.50.

Fee-free use of Acorns for REST Super members

REST Industry Super members can get 6 months free usage of the Acorns app from the date they link their REST account to their Acorns account.

Need some motivation to save more this year? Download @acornsau savings app – REST members get 6 months free usage: https://t.co/1L67lr9mqK pic.twitter.com/hZ37AEX7rT

— Rest Industry Super (@RestSuper) January 27, 2017

This means REST members won’t have to pay the $1.25/month (for Acorns balances under $5,000) or 6 months’ worth of the 0.275% annual fee (for Acorns balances $5,000 and over).

You can download the Acorns app via Google Play or iTunes.

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This advice is general and has not taken into account your objectives, financial situation or needs. Consider whether this advice is right for you. Consider the product disclosure statement before making a purchase decision. Canstar provides an information service. It is not a credit provider, and in giving you information about products Canstar is not making any suggestion or recommendation to you about a particular product.