Aspiration

Aspiration launched in 2015 and offers a range of financial products, including current accounts, savings accounts, mutual funds, and retirement savings. Aspiration is an alternative way for bank customers to get fed up with traditional banks. Funds deposited in Aspiration’s current and savings accounts are safe and protected by FDIC insurance for up to $2 million per depositor. Aspiration aims to make the world a better place by focusing on socially conscious banking and investment products. They offer socially responsible banking services, investments, and products with a unique pay-for-fair approach. They have no physical locations or branches, but they are an online financial services provider. There are several incentives that you will appreciate when you consider online banking. They offer sustainable Investing in professionally managed funds that are fossil fuel-free, and they also offer an IRA.

Aspiration banking products not only have no fees but also offer high-interest rates and cashback rewards. With Aspiration, you can earn up to 5% cash back on purchases from Conscience Coalition retailers such as Tom, Warby Parker, etc. Aspiration customers also have CMA brokerage accounts that allow you to manage cash, make payments and earn interest. They also do not offer ATM deposits, but you can deposit cash into external accounts.

Aspiration provides conscious, sustainable cash management services and investment products that help you make money and make the world a better place. Unlike big banks, Aspiration does not use your deposits to fund pipelines or turn your fees into campaign contributions to politicians who work against you. It does not use its deposits to finance projects that harm the environment, such as fossil-fuel exploration. They donate 10% of every dollar their clients give to their charity to help needy Americans build a better life. It could be that this makes them to the leading financial industry when it comes to giving back.

Website: Aspiration