How is interest calculated in my Aspiration Save account?


Aspiration Save accounts can earn up to 2.00% annual percentage yield (APY) in interest. There are two ways to qualify for the 2.00% APY rate on your entire Aspiration Save account’s balance during any particular month:

• Make one deposit of at least $1.00 into an Aspiration Spend or Aspiration Save account, or at least one $1.00 investment into any investment account from a linked, external bank account, or
• Have an end of day Save balance of $10,000.00 or higher for at least one day per month.

If you do not qualify for the 2.00% APY rate during a particular month, you will not earn any interest that month, so make saving at least $1.00 per month a habit!

Interest is generally deposited around the first business day of the month

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

More details regarding the 2.00% APY for Save:
The Annual Percentage Yield (“APY”) associated with the Aspiration Spend & Save account is variable and accurate as of 7/8/19. Rates may be changed from time to time without notice. To earn 2.00% APY in any calendar month, a deposit of at least $1 in that calendar month into any Aspiration banking or investment account, or a single end of day Aspiration Save balance of $10,000 or more during the calendar month is required. If neither of these is met, the APY will be 0.00% for that calendar month. Minimum deposit required to open an Aspiration Save account is $10.00. Pay What is Fair fees debited directly from Aspiration Save could reduce earnings.