Rock solid savings? Dwayne Johnson teams up with GoHenry’s US acquirer for new high interest card
Acorns says its Mighty Oak card is designed to help empower people financially
In a move combining star power and savvy savings, movie star Dwayne Johnson has partnered with US savings and investment app Acorns to launch a branded debit card.
The Mighty Oak card is made of Tungsten and features Johnson’s signature on the front, plus it comes with some of the highest interest rates available on a US debit card, with three per cent on the checking balance and five per cent on rainy day savings.
It also has all of the normal features of an Acorns card, including card round-ups which can be invested, and the ability to set up automatic savings from a paycheck.
"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,” Johnson said.
“I've been there, and know what it's like to count every dollar and save every cent possible to provide for my family and myself. I wish I had the Mighty Oak card back in the struggling and fun days when I had only $7 bucks in my pocket, which is why I helped create this card now to empower people to take control of their financial well-being.”
On its website Acorns discloses that while the deal with Johnson is a paid partnership, the movie star is also an investor in the company.
Our mission is to look after the financial best interests of everyday people, and the Mighty Oak Card, at these rates, does that and much more," Noah Kerner, the CEO of Acorns said.
In April Acorns made a splash when it acquired London-based GoHenry, one of the UK’s leading prepaid debit cards for children, founded in 2012 by Louise Hill and Dean Brauer.
Acorns already operated in the financial wellness space for children with Acorns Early, an investment product allowing family and friends to invest in a child’s future, but with GoHenry this has expanded to include accounts for children, which GoHenry now operates under the “GoHenry by Acorns” brand in the US.