Is the Aspiration Spend & Save account FDIC-insured?

The Aspiration Spend & Save Account are cash management accounts offered through Aspiration Financial, LLC, a registered broker-dealer and Member FINRA/SIPC. Your Spend & Save Account is FDIC-insured for up to $1.25 million per depositor by being swept to partner program banks through our Insured Bank Deposit Program. For more information about FDIC insurance coverage, please visit fdic.gov. As stated in the Aspiration Financial, LLC Customer Account Agreement, customers are responsible for monitoring their total assets at the Bank to determine the extent of available FDIC insurance. FDIC insurance coverage is in accordance with applicable law and regulations, including the FDIC’s laws and regulations relating to “pass-through” federal deposit insurance treatment. The names of the current Banks that maintain the Aspiration Spend and Save Accounts are made available within your periodic statements and may vary over time. Deposits at the Banks are not eligible for SIPC coverage. Aspiration Spend is a non-interest bearing account with electronic transaction functionality. Aspiration Save is an interest-bearing account when conditions are met. Full disclosure about Aspiration Spend and Aspiration Save is available in the Spend & Save Supplement to the Customer Account Agreement. Investments placed in the Redwood Fund available through Aspiration are not eligible for FDIC Insurance, are not bank guaranteed and may lose value. Aspiration is not a bank.