Aspiration Save Accounts can earn up to 1.00% annual percentage yield (APY) in interest on the first $10,000.00 in their balance.
In order to earn interest, you must be enrolled in Aspiration Plus. In order to earn 1.00% APY on the first $10,000.00 in your Save Account in a particular month, you must also spend $1,000.00 or more with your Aspiration debit card that month. Balances over $10,000.00 will earn 0.10% APY.
If the spending requirement is not met in a particular month, the APY that month will be 0.25% on your Save Account balance up to and including $10,000.00, and 0.10% APY on any funds over $10,000.00.
Earn up to 20x the national rate for savings by meeting the above conditions. For information on national interest rates, click here.
Customers who are not enrolled in Aspiration Plus do not earn interest.
Interest for Aspiration Save is calculated based on an average daily balance and deposited into accounts once a month, around the first business day of the following 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.
Other restrictions may apply. APY subject to change and is variable. For more information, click here.