Aspiration lets you spend, save, and invest with a conscience. With the Aspiration Spend & Save Account, you get cash back rewards,5 ATM fee reimbursements each month, and earn a competitive interest rate – while knowing your deposits in this cash management account aren't funding pipelines and oil drilling.
Sign up for Aspiration Spend & Save in 5 minutes or less.
SPEND & SAVE ACCOUNT
• Get cash back rewards with every purchase, including bonus rewards at socially conscious businesses
• Get 5 ATM Fee reimbursements each month*
• Earn up to 0.25% APY **
• Know that your deposits aren’t funding fossil fuel exploration or production
• Deposit a check with your phone's camera
• Pay your bills or send a check to a friend
• Track your impact on people and the planet as you shop
• Choose the monthly fee you think we deserve — even zero
• All extra services provided at cost
• We commit to donate 10% of profits to charity
• Sign in with Touch ID or Face ID (on supported devices)
• Two-factor authentication
• 256 bit encryption
The Aspiration Spend & Save Account is a cash management account offered by Aspiration Financial, LLC, a broker-dealer registered with the SEC and member FINRA/SIPC. Aspiration Financial, LLC (Aspiration Financial) provides brokerage services and securities products. Its affiliate company, Aspiration Fund Adviser, LLC, an SEC-registered investment adviser, provides investment advisory services. Aspiration Fund Adviser, LLC and Aspiration Financial, LLC are subsidiaries of Aspiration Partners, Inc. Neither Aspiration Partners, Inc. nor any of its subsidiaries is a bank.
*Aspiration does not charge ATM fees, reimbursement is for fees charged by other institutions. Foreign transaction fee of 1% may still be charged if applicable. Additional terms, conditions, and restrictions apply; See https://www.aspiration.com/disclaimers/ for details.
The Annual Percentage Yield (“APY”) associated with the Aspiration Spend & Save Account is variable and accurate as of 03/16/2020. Rates may be changed from time to time without notice. To earn 0.05% APY interest on Aspiration Save Account balances in any calendar month, customer must be enrolled in Planet Protection through the end of the month. To earn 0.25% APY on Aspiration Save Account balances up to $10,000 an external deposit or deposits totalling $2,000 or more in that calendar month into any Aspiration cash management account or investment account is required as well as enrollment in Planet Protection. Interest will be prorated from the date that the conditions above are met. If you qualify for 0.25% APY, balances in your Aspiration Save Account up to and including $10,000 you will earn 0.25% APY. Balances above $10,000 will earn 0.05% APY. If the conditions above cannot be met to qualify for either the 0.25% APY or 0.05% APY the APY will be 0.00% APY for that calendar month. To meet the Planet Protection requirement, customer must be enrolled in an active Planet Protection subscription at the end of the month. Minimum deposit required to open an Aspiration Save Account is $10.00. Pay What Is Fair fees debited directly from the Aspiration Save Account could reduce earnings. See https://www.aspiration.com/disclaimers/ for details.
Customers will earn cash back on all debit card purchases, amount earned varies by merchant. Additional terms, conditions, and restrictions apply; See https://www.aspiration.com/disclaimers/ for details.
This is not an offer or solicitation in any jurisdiction where Aspiration Financial is not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction.
© Copyright 2019 Aspiration Partners, Inc.
Bug fixes and performance improvements.
Ratings and ReviewsSee All
I just signed up for the Spend/Save account. What I didn’t realize is that I had a pending application for the Redwood fund from 4 years ago. What this means is that every time I open the app, the first thing I see is my pending application. What I really want to get to is my Spend and Save accounts but I have to scroll down below the giant “complete your application” part every time. This just won’t do for an app I plan to use multiple times a day.
I wrote support to see if they could cancel my pending application. They told me “sorry, no.” Completely unacceptable in this day and age when you can open an account anywhere and customer service is king. I wrote them saying that if it couldn’t be cancelled, I would like to close my aspiration accounts entirely since it’s so annoying to use the app. A different customer service rep then assured me that my pending application could be cancelled. 3 days went by and it was still there. When I wrote them to check in on status, yet another, different customer service rep replies, saying she’d be happy to close my aspiration account completely. What the heck? The amount of time and energy I have already spent to try and get this resolved is too much. So frustrating! And what a shame, seems like good products but I am unable to use them. Taking my business elsewhere.
Developer Response ,
Sorry to hear that! It is not possible to cancel the investment applications at this time and it's something we've push our developers to work on. We apologize for the inconvenience and miscommunication.
What is this shadiness?
First off, they will send a debit card, and it will work like a debit card should. There are no fees unless you want to pay some amount. The rest, however, is a shady bait-and-switch operation. You want to feel good thinking that Aspiration doesn’t invest with unsavory entities like big oil, provided Aspiration is even telling the truth. Aspiration claims to give a rating for places you shop, but these aren’t readily available (I understand small businesses can’t easily be rated from afar, however). Aspiration claims to give cash back on all purchases, but that’s not true – it’s cash back on *some* purchases. When I opened my accounts, it was with the promise of interest to be earned with no minimum balance, as long as a deposit of any amount is made. After a few months, I’d earned no interest on my small deposits and balance. I checked the FAQ to find that Aspiration changed its requirement for earning interest to be a deposit of $1000 (I no longer recall if that’s the minimum balance required or if Aspiration requires $1000 in deposits monthly), and Aspiration never communicated this. Internet banks offer higher interest, so it’s not worth placing your money with Aspiration for better interest, either. It’s been disappointing, and it’s certainly not the transparent, ethical operation it claims to be. I fail to see any benefit.
Developer Response ,
Sorry to hear this but we'd like to clear some things up! We do give at least 0.1% cash back on all purchases and give up to 5% when shopping with merchants that do more than simply make a profit. In addition, we sent an interest update email back in September when the Fed lowered its rates. We apologize for the inconvenience!
So they sent out a promotional email offering a $100 bonus if I complete my account setup. The email was received on April 25th. I complete my account set up and fund it with my main checking account in this same day. The conditions were to complete and find by April 30th. Have a direct deposit made and by July 15th an extra $100 would be deposited. Well come the 15th of July. Nothing. I’ve reached out to customer support several times before this and asked about the promotional bonus. These previous reps all mentioned that I’d be good to go and it should be by the 15th of July. Come the 15th I reach out once more and same answer to give it until the end of business day. Well the 16th came and I contact support agin only to have them tell me that the funds weren’t deposited to the account until the 1st of May. The money left my account the same day I processed the transfer. This means Aspiration did not deposit the funds into the account until 1 day after their promotion ended. If there would not of been enough time to qualify for the promotion why would you send the darn email. I’m glad I didn’t switch everything over to this bank. I was skeptical and I’m glad I was. This bank is a total scam. Can’t even find a way to cancel my account. I don’t want to be doing business with liars and scammers.
Developer Response ,
We are sorry to hear about this experience and apologize if the bonus did not hit your account as expected. It sounds like you have contacted the support team and this issue should be cleared up by now. If not, please reach out one more time to have this resolved either by calling us at 800-683-8529 or emailing firstname.lastname@example.org.
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