Having multiple sources of passive income is a useful way to diversify your earnings. There are a variety of passive income apps you can download to start making money right away.
None of these apps are going to make you a millionaire, but they are a simple way to get some extra spending cash. Some are even great apps for effortless money.
Best Passive Income Apps that Give You Money [& Make You Money]
Some notes on the items found in this list of passive income apps:
- Some require investing money and earning passive income from investments purchased in these accounts
- Some apps on this list either don’t need you to do more than download them or will pay you for activities you do anyway.
- Finally, some of these apps can’t work together, so you’ll need to determine which ones work best for you.
However, many can be running simultaneously, meaning even if each is only making a small amount, combined you can earn a noteworthy sum.
Let’s start first with the best passive income investing apps, then move to some favorable banking products that offer attractive interest rates on your assets, followed by the best cash back / savings passive income apps, then look at mobile phone passive income apps and gaming apps and finish with other passive income apps.
1. Plynk (Up to $60 Bonus)
Available: Sign up here
Price: Start for free. Some features may require a $2 monthly fee in the future. Fees apply to individual crypto trades.
Promotion: $60 in account signup bonuses
Plynk™ is an app designed to help you start investing and learn along the way, and they’re currently offering up to $60 in bonuses for new accounts.
The Plynk app helps beginner investors put their money into an investment portfolio. Specifically, Plynk offers access to a selection of stocks, ETFs, mutual funds and crypto—all starting at a single dollar.
The platform uses straightforward, easy-to-understand language to explain investing concepts. No jargon. No complex charts and tables. Just simple-language tips and how-tos.
You can use Plynk Explore to find investments based on your interests. Just answer a few questions, and the app will display stock, ETF, and mutual fund investments that mesh with your investment comfort zone.
To assist with building your financial literacy, Plynk offers complete lessons and courses on financial education, including tips, educational content and how-tos.
The Plynk app enables you to make use of a powerful investing technique called dollar-cost averaging through participating in recurring investments. By continuing to buy a fixed dollar amount of investments over time, whether the market is up or down, you can build a disciplined investing habit and lower the stress that can come from market movements.
One of Plynk’s most interesting features involves, of all things, gift cards. Specifically, you can redeem unused gift cards for money that you can use to buy stocks in your favorite companies.
If this sounds interesting to you, consider opening an account with Plynk. To make it more worth your while, they have a few special offers.
Simply open an account and link your bank account to get a $10 signup bonus. Plynk is also offering a special bonus promotion through May 18, 2023. Plynk will give you $50 for making at least $25 in net deposits made to your new Plynk brokerage account between Jan. 31 and May 18, 2023. Customers must have a minimum of $25 in net deposits during the promotional period to receive a match. That means you may be eligible for up to $60 in signup bonuses from Plynk by taking qualifying actions.
2. Public.com (Up to $300 Bonus)
Available: Sign up here
Promotion: Up to $300 + Account Transfer Bonus
Public.com is a newer investing service which offers you the opportunity to invest in numerous types of stocks while also enabling you to connect with other investors as you would on social media.
The service offers themed bundles of stocks where you can invest in several companies which share common characteristics. These items can include topics like environmentally-conscious companies, diversity and inclusion-focused enterprises, produce their goods in America, and many more.
You can also subscribe to their Premium service to learn significantly more about companies of interest, offering you more details to inform your investment decisions. The Premium service makes the investment app a useful stock analysis app.
Also, Public.com offers you the ability to purchase fractional shares in companies that carry higher stock prices without dropping the full share price.
Public.com requires no investing minimum to begin nor does it require any account minimums. Signing up can net you free stocks and make trying it out worth your while.
Public.com offers a generous account transfer bonus for assets you choose to move from other brokers (including covering up to $500 in fees charged from your existing broker)
4. Fidelity Youth Account ($50 bonus for teens, $100 bonus for parents)
Do you have a teen interested in jumpstarting their financial future? Do you want them to build smart money habits along the way?
Of course you do! Learning early about saving, spending and investing can pay off big when you start on the right foot. And one tool that can help your teen get that jump is the Fidelity® Youth Account—a brokerage account owned by teens 13 to 17 that’s designed to help them start their investing journey. They can use their own brokerage account to start their investing journey by trading most U.S. stocks, exchange-traded funds (ETFs), and Fidelity mutual funds in their accounts.
Your teen will also get a free debit card with no subscription fees, no account fees, no minimum balances, and no domestic ATM fees. And they can use this free debit card for teens4 to manage their cash and spend it whenever they need.
And as for building smart money habits? You and your teen can access Fidelity’s Dedicated Youth Learning Center, which is packed with materials developed specifically to help teens develop good financial habits.
Controls Parents Want and Need
A parent or guardian must have or open a brokerage account with Fidelity® to open a Fidelity® Youth Account. For new Fidelity® customers, opening an account is easy, and there are no minimums and no account fees.
Parents and guardians have plenty of tools they can use to monitor their teen’s activity: They have online account access, can follow monthly statements and trade confirmations, and can view debit card transactions made in the account.
To make it even easier, you can set up alerts to notify you of trades, transactions, and cash management activity, keeping you firmly in the loop on actions your teen takes across the Fidelity® Youth Account’s suite of products.
If your teen has an interest in learning about investing and taking their first steps toward building their financial journey, you should consider opening a Fidelity® Youth Account. The account comes custom-built for their needs, which will help them become financially independent and start investing for their future.
5. Nielsen Computer And Mobile Panel
Google Play Rating
3.5 with 9,309 votes
3.0 with 109 reviews
How It Works: This is a super-simple passive income idea: just download the app and continue using your computer or phone as usual. That’s all there is to it. You can earn up to $50 a year just by doing that.
And to sweeten the pot, you’ll be entered into sweepstakes drawings if you live in the United States.
These sweepstakes are additional money if you get picked. The company gives away $10,000 a month between 400 winners.
6. Capital One Shopping
Google Play Rating
4.7 with 6,586 votes
4.8 with 68,942 reviews
One of Capital One Shopping’s many money-saving features is price protection. Certain retailers will give you a refund if an item you purchased drops in price; Capital One Shopping can automatically monitor for these price drops and request a refund on your behalf.
To use this feature, you have to grant the service access to your email account. When you do, it will periodically scan your inbox for online shopping receipts and shipping confirmations; any refunds the service obtains go directly back to your original payment method.
You don’t need to be a Capital One account holder to use this free service, which also offers a number of other great money-saving features (like points for shopping at select retailers).