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 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.