Some Banks Fund Bad Politicians. The Aspiration Account is Different

Some Banks Fund Bad Politicians. The Aspiration Account is Different

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We hate to break it to you, but your bank could be one of the bad guys.

Sorry, but it’s true. America’s banks are generally raking in record profits and sometimes shoveling astounding amounts of money to lobbyists and politicians so they can get their way. 

Yep. Your money could be going to politicians you hate. Nobody wants that. But we found a debit card that uses your money to help support working Americans instead. 

It’s from Aspiration, and it doesn’t exactly mince words. Seriously, check out what it has to say about the big guys in the financial industry:

  • “Too many on Wall Street still believe that greed is good.”
  • “Big Banks and Wall Street work their hardest for the wealthiest few.”
  • “Unlike the Big Banks, we don’t use your deposits to fund oil pipelines or turn your fees into campaign contributions to the politicians that work against you.”

How You Can Grow Your Money up to 11x Faster — And Stop Supporting Greedy Political Lobbying 

So how exactly does Aspiration help you stop supporting greed?

The company commits to donating 10% of its earnings to nonprofits that support working Americans as well as environmental causes, and it makes it easy for account holders to do the same. That’s right. You can stop supporting politicians you don’t like and start upholding causes you care about.

Plus, Aspiration’s cash management account lets you earn up to 5% cash back* and up to 11 times the average interest on the money you set aside to save** (the FDIC reports that the average account earns just .09%). It’s an all-in-one online-only account that comes with no monthly account-maintenance fee and no minimums. 

You can grow your money and rest easy knowing you’re not accidentally supporting politicians and causes you don’t like. 

Best of all, switching to the Aspiration Spend & Save Account is really pretty simple. It takes just a few minutes to sign up with Aspiration and start supporting causes you actually care about. 

Mike Brassfield (mike@thepennyhoarder.com) is a senior writer at The Penny Hoarder. He wants to do well and do good.

The Aspiration Spend & Save Account is a cash management account offered by Aspiration Financial, LLC, a broker-dealer registered with the Securities and Exchange Commission (SEC) and a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). Aspiration Financial, LLC (Aspiration) provides brokerage services and securities products. Its affiliate company, Aspiration Fund Adviser, LLC, an SEC-registered investment adviser, provides investment advisory services. Aspiration Fund Adviser, LLC and Aspiration Financial, LLC are subsidiaries of Aspiration Partners, Inc. Neither Aspiration Partners, Inc. nor any of its subsidiaries is a bank. Aspiration pledges to donate 10% of our profits to charities.

*Customers will earn Cash Back on all debit card purchases. Customers may also earn additional Cash Back for purchases made at selected merchants. Cash Back percentages are subject to change at any time without notice. Cash Back will be credited to customer’s Aspiration Spend Account once on the first day of each calendar month. Aspiration reserves the right to reverse Cash Back transactions under certain circumstances and the right to terminate a customer’s Cash Back feature for any abuse of the feature. This Cash Back rewards program is subject to change by Aspiration at any time without notice. For more information, click here.

**The Annual Percentage Yield (“APY”) associated with the Aspiration Spend & Save Account is variable and accurate as of 01/20/2020. Rates may be changed from time to time without notice. To earn 1.00% APY interest on Aspiration Save Account balances in any calendar month, an external deposit of at least $1,000 in that calendar month into any Aspiration cash management account or investment account is required. If the external deposit requirement cannot be met, the account owner can qualify for 1.00% APY on Aspiration Save Account balances in any calendar month if there is a single end of day Aspiration Save Account balance of $10,000 or more during that calendar month. If neither of these is met, the APY will be 0.00% for that calendar month. Minimum deposit required to open an Aspiration Save Account is $10.00. Pay What Is Fair fees debited directly from the Aspiration Save Account could reduce earnings. For more information, click here.

This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.

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