Acorns, a FinTech that specializes in saving and investing solutions, has teamed with Dwayne Johnson for the launch of the Mighty Oak debit card.
The Mighty Oak Debit Card, a collaboration between Acorns and Dwayne Johnson, addresses a critical issue in American society: the tendency towards overspending and under-saving. By introducing this card, Acorns aims to transform banking habits, making saving and investing a daily routine, thereby fostering financial literacy and stability.
Acorns is at the forefront of the FinTech revolution, providing a platform that eases the process of saving and investing. Its app is designed to help users effortlessly set aside money, invest in diversified portfolios, and build their wealth over time. The company’s mission is centered on financial inclusivity, offering tools and resources that cater to the needs of a diverse range of income levels and financial backgrounds.
The Mighty Oak Debit Card revolutionizes the concept of banking. Unique features include Real-Time Round-Ups, which invest spare change from purchases, and a paycheck split feature for automatic saving and investing.
The card boasts impressive annual percentage yields (APYs) of 3.00% for checking and 5.00% for emergency fund savings. It also provides access to a comprehensive financial wellness system, including retirement planning and investment rewards, complemented by an extensive network of fee-free ATMs.
This debit card stands out with its heavy metal Tungsten construction, symbolizing durability and resilience. Acorns customers can access the card from November 14, 2023, and cardholders are eligible for a unique opportunity to win one of seven $50,000 Mighty Paychecks, further incentivizing its use and promoting financial growth.
The Mighty Oak Card is not just a financial tool but also a testament to Dwayne Johnson’s personal journey from financial hardship to success. Johnson’s collaboration with Acorns stems from his commitment to financial literacy and his desire to inspire others to achieve financial stability and success.
Dwayne Johnson said, “I’m personally invested in helping and rooting for people to achieve financial stability and success. I’ve worked with Acorns to create a one-of-a-kind card that makes it easy for people to prioritize saving and investing so they can build a solid foundation for their future.”
Acorns CEO Noah Kerner said, “We’re excited to work with Dwayne on a debit card that will hopefully allow many Americans to do exactly what he did – take a small amount of money and, over time, turn it into a brighter future.”
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