How is interest calculated in my Aspiration Save account?


Aspiration Save accounts can earn up to 1.00% annual percentage yield (APY) in interest.

You’ll qualify for the 1.00% APY rate on your entire Aspiration Save Account’s balance during any particular month if you deposit* $1,000 or more into your Aspiration Save, Spend, or investment account during that month, or if there is a single end of day Aspiration Save Account balance of $10,000 or more during that calendar month. 

Interest for Aspiration Save is calculated daily, and compounds monthly. Interest is calculated based on the end of day balance, and deposited into accounts once a month, around the first business day of the month. The interest added to your total balance on a monthly basis is then considered part of your balance for future daily interest calculations, so it compounds monthly.

* Eligible deposits include ACH transfers into Aspiration Spend and Aspiration Save accounts from external bank accounts, transfers from money-transfer apps, incoming wire transfers, check deposits, and direct deposits.