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.
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.