Check the background of Aspiration Financial, LLC on FINRA’s BrokerCheck: https://brokercheck.finra.org/
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 Financial) 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.
The Aspiration Spend Account and the Aspiration Save Account are part of a cash management account offering of Aspiration Financial, LLC (“Aspiration”), an SEC-registered broker dealer. An Aspiration Save Account may be opened by itself without opening an Aspiration Spend Account. Through the Aspiration Insured Bank Deposit Program, each business day Aspiration deposits the cash balances in the Aspiration Spend and Save Accounts into deposit accounts at one or more federally insured depository institutions (each a “Bank”) up to $246,500 per Bank. Your deposits at each Bank are eligible for insurance by the Federal Deposit Insurance Corporation (FDIC) up to $250,000, subject to FDIC rules on aggregation of deposits held in the same insurable capacity. There are currently eight Banks available to accept your deposits, making customers eligible for up to $2 million, including accrued interest, on deposit balances. The amount of available insurance coverage could change if the number of Banks changes, you designate a Bank as ineligible or you maintain deposits at a Bank outside the Aspiration Program. You are responsible for monitoring your deposits at each Bank to determine the available FDIC insurance coverage. You should carefully review the Aspiration Insured Bank Deposit Program Disclosure Statement available here. For more information about FDIC insurance coverage, please visit the FDIC website. A list of the current Aspiration Insured Bank Deposit Program Program Banks is available here. Deposits at the Banks are not eligible for SIPC coverage. Aspiration Spend is a non-interest bearing securities account with electronic transaction functionality. Aspiration Save is a securities account that, through the Insured Bank Deposit Program, permits you to earn interest on your available cash. Full disclosure about Aspiration Spend and Aspiration Save is available in the Spend & Save Supplement to the Customer Account Agreement, available here. Investments placed in the Redwood or Flagship Funds available through Aspiration are not eligible for FDIC Insurance, are not bank guaranteed and may lose value.
The Annual Percentage Yield (“APY”) associated with the Aspiration Spend & Save Account is variable and accurate as of 03/16/2020. Rates may be changed from time to time without notice. To earn 0.05% APY interest on Aspiration Save Account balances in any calendar month, customer must be enrolled in Planet Protection through the end of the month. To earn 0.25% APY on Aspiration Save Account balances up to $10,000, an external deposit or deposits totalling $2,000 or more in that calendar month into any Aspiration cash management account or investment account is required, as well as enrollment in Planet Protection. Interest will be prorated from the date that the conditions above are met. If you qualify for 0.25% APY, balances in your Aspiration Save Account up to and including $10,000, will earn 0.25% APY. Balances above $10,000 will earn 0.05% APY. If the conditions above cannot be met to qualify for either the 0.25% APY or 0.05% APY, the APY will be 0.00% APY for that calendar month. To meet the Planet Protection requirement, customer must be enrolled in an active Planet Protection subscription at the end of the 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.
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.
Securities purchased through your Aspiration Spend & Save Account are not FDIC-insured and are not bank-guaranteed, but are eligible for protection by SIPC, subject to the rules of SIPC. Securities may lose value, and past performance is not indicative of future returns.
Each mutual fund's prospectus contains its investment objectives, risks, charges, expenses and other important information and should be read and considered carefully before investing. Click here for a current prospectus.
Investing in securities involves risk, including the possible loss of principal, and there is no guarantee that any investment will achieve its objectives, generate profits, or avoid losses. Before investing, consider your investment objectives. Aspiration Financial does not provide investment, financial, tax, or legal advice. Accounts and services are subject to the terms and conditions set forth in the Customer Account Agreement or as set forth on this website and updated from time to time by Aspiration Financial. Accounts must be approved by Aspiration Financial and fully funded before brokerage or cash management services are provided.
This site is designed for U.S. persons only. This is not an offer or solicitation in any jurisdiction where Aspiration Financial is not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction. System availability and account access times may vary due to a range of factors, including, market conditions, trading volumes, system performance, and other factors.
Your account will automatically be reimbursed for ATM fees charged by other institutions while using an Aspiration Debit Card linked to your account at any ATM, up to a maximum of 5 ATM fee reimbursements per month, per account owner. The reimbursement will be credited to the account within 2 business days of the ATM fee debit. Please note, there is a foreign transaction fee of one percent that is not waived, which will be included in the amount charged to your account. Aspiration Debit Card is issued by Coastal Community Bank, Member FDIC, pursuant to a license by Mastercard International Incorporated. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
Aspiration Partners, Inc. and its affiliates are committed to "All Extra Services Provided at Cost," meaning that we'll only charge you what it costs us to provide the extra service (such as a wire transfer), and not a penny more. Besides these at-cost service charges, the only account fee you pay is the fee you choose, even if it’s $0, which is why we call it Pay What Is Fair.
Aspiration Partners, Inc. previously had a partnership with Radius Bank, Member FDIC, which offered the Aspiration Summit Checking Account. If you had a Summit Checking Account with Radius Bank and did not close that account and open a new Aspiration Summit Account or a new Aspiration Spend & Save Account, please contact Radius Bank for more information on your account.
The Aspiration Spend & Save Account provides customers with the ability to see Aspiration Impact Measurement (AIM) Planet scores on a range of merchants where they shop using the Aspiration Debit Card. These environmental scores are determined using a proprietary algorithm that incorporates several measures of environmental performance. For more information, please click here.
"Pay What is Fair," "Aspiration," "Aspiration Do Well. Do Good.," "Dimes Worth of Difference," "Brining Elite Investments of Everyday Investors," "Put Your Money Where Your Heart Is," "Edge Funds," "Elite Investments," "Aspiration Partners," "Green - Not Greed.," "Change Your Bank. Change Your World.," "Change Your Investments, Change Your World.," "High Road Companies and Low Road Companies," "Conscience Built In," "Financial Firm with a Conscience," "A financial firm you can fall in love with," "Move your money. Change your world.," "Your Money Can Change Your World," "Make your money matter," "Change your world," "Pay Whatever Is Fair," "Fees Are Up To You," "Pay What Is Right," "Pay Only What You Think Is Fair," "Choose A Fee That Is Fair," "Your Fees Your Way," "Pick Your Tip," are trademarks of Aspiration Partners, Inc., and are Registered in U.S. Patent and Trademark Office.
"Everyday Investors," "High Road Businesses and Low Road Businesses," "Sustainability Footprint," "Sustainability Scorecard," "Do Well. Do Good.," "Make Money and Make a Difference," "Aspiration Checking," "Make Change," "Aspiration Impact Measurement," "AIM," "AIM Score," "Move your money," "Just Rewards Card," "Pay What You Want," "Pay The Fee You Want," "Choose Your Fee," "Pick What You Pay," "Tip What You Want," are trademarks of Aspiration Partners, Inc.
Aspiration Partners, Inc., reserves all rights in its trademarks and its Registered Trademarks.
Aspiration defines "elite," "wealthy," "rich," and "millionaire" as accredited and qualified investors and those who have been able to meet the historic minimums of private funds, including hedge funds and private equity funds. An investor's experience, objectives, and risk tolerance may differ from that of an "elite," "wealthy," "rich," or "millionaire" investor, all of which should be considered when investing in alternatives. Aspiration defines "High Road Businesses" or "High Road Companies" as those that have adopted significant and relevant environmental, social, and governance policies. "Low Road Businesses" and "Low Road Companies" are those that are less likely to have done so.
Alternatives include but are not limited to: liquid alternatives, private equity, hedge funds, derivatives, venture capital, real estate, energy and natural resources, and distressed debt. Alternative investments may involve risks including limited liquidity, volatility, lack of transparency, lack of diversification, use of leverage, lack of regulation, and loss of investment. Alternative investments may not be suitable for everyone.
"Big Banks" refers to the largest consumer depository banks in the country.
© Copyright 2020 Aspiration Partners, Inc.