Celebrity Dwayne Johnson and Acorns, a savings and investment app, have announced the launch of the Mighty Oak debit card.
The Tungsten Debit Card, exclusive to Acorns, was created to address a fundamental American problem: overspending and undersaving.
The Mighty Oak Card offers a new way to bank, helping people increase your financial knowledge and invest in your future.
Johnson knows firsthand the impact of savings over time. When he was kicked out of the Canadian Football League and left out of a job when he was in his early 20s, He only had $7 to his name.
At that moment, Johnson decided to chart his own course in life. Years later, he launched Seven Bucks Productions, a multi-platform startup founded on the mindset that success comes through passion and hard work.
Committed to helping others get through the toughest times, Johnson is an advocate for financial education and hopes to inspire Americans to shape their future by investing in themselves:
“Personally, I am dedicated to helping and supporting people to achieve financial stability and success.“Johnson said.
“I’ve worked with Acorns to create a unique card that makes it easy for people prioritize savings and investment so they can build a solid foundation for their future. “I’ve been there and I know what it’s like to count every dollar and save every penny possible to support myself and my family,” added the famous actor and businessman.
The Rock recalled the difficult times: “I wish I had the Mighty Oak card back in the hard and fun days when I only had $7 dollars in my pocket, that’s why I helped create this card now to empower people to take control of their financial well-being. One step at a time. I support you all, let’s do it.”
The Mighty Oak card gives money the opportunity to grow by make saving and investing an everyday habit. With Real-Time Round-Ups, customers invest the leftover change from each purchase to the nearest dollar. By using paycheck splitting, Acorns automatically saves and invests a portion of each check on payday.
The Mighty Oak Card also offers two of the most competitive Annual Percentage Yields (APY) today with 3.00% APY on checking, 5.00% APY on the card’s “rainy day” Emergency Fund savings and no minimum deposit or balance requirements.
The card also offers access to the Acorns financial wellness system, including Acorns Later, to plan ahead for retirementinvestment rewards to earn additional investments from 15,000 brands for everyday purchases and access to 55,000 fee-free ATMs within the AllPoint network.
The Mighty Oak card is available from November 14, 2023 to Acorns customers. Plus, Mighty Oak cardholders are automatically entered for a chance to win one of seven $50,000 Mighty Paychecks. For more information, visit acorns.com/mightyoakcard or download the Acorns app.
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