The Totally Legal Way To Get 100x More Money
How does Aspiration help you get 100x more money? Well, for starters, most big banks suck.
Sneaky fees, shady practices and basically zero interest on the money you entrust to them. Aspiration saw the steaming trash can fire that is most American's banking experience and decided to do better.
The California startup created a checking account that charges no service fees, doesn't have monthly minimums, gives you free withdrawals from every ATM in the world and — here's the real kicker — has a one percent APY.
Now, for those in back looking around like what the hell is an APY? it stands for annual percent yield, and it's the interest your deposit accounts earn, including compounding interest.
One percent may seem insignificant, but it's about 100x more than what most big banks offer. Going by the standard interest rate, if you have $10,000 in your account with most major banks, it would take you a year to earn $1. With Aspiration, you'd earn up to $100 in the same year. Yeah, it's a big difference.
So, if Aspiration doesn't charge service fees or ATM fees and offers a higher interest rate than competitors, how do they make money?
Aspiration works on a "pay what's fair" model. You choose your price and pay as a "tip" — which can range from $0 to $6 per month.
Clearly, Aspiration's methods are different. Just as clearly, they're working. The Summit Account is less than a year old and has already been named 'Best Checking Account In America' by Money Magazine.
Okay, you're sold! Now, how to sign up?
Shoot over your email here to secure your spot. Within one to two weeks, you'll get an invitation via email to set up your account, and the process takes about 20 minutes to complete.
Changing your bank can feel like a big deal. Or, what's more likely the case, you've had the same bank since forever and honestly don't feel like switching everything.
Why not try out Aspiration for a second account? It's great for tucking away money for savings or using while traveling. (Remember, free ATM withdrawals anywhere in the world.)
With no fees and no minimums, this is an A+ option for saving small accounts.
Ready to try Aspiration? Sign up here to secure your spot.