We hate to break you, but your bank might be one of the baddies.
Sorry but it’s true. America’s banks generally make record profits and sometimes shovel staggering amounts of money to lobbyists and politicians to help them get their way.
Yes. Your money could go to you hate. Nobody wants this. But we found a debit card that will use your money to support working Americans.
It’s from aspiration and it doesn’t exactly mince words. Seriously, read what it has to say about the great people in the financial industry:
“Too many on Wall Street still believe greed is good.”
“Big Banks and Wall Street work the hardest for the rich few.”
“Unlike the Big Banks, we don’t use your deposits to fund oil pipelines or convert your fees into campaign contributions to the politicians who work against you.”
How to Boost Your Money 11X – and Stop Supporting Greedy Political Lobbying
How exactly does aspiration help you stop supporting greed?
The company pledges to donate 10% of its income to nonprofits that support both working Americans and the environment, and it makes it easy for account holders to do the same. That’s true. You can stop supporting politicians you don’t like and advocate for causes that matter to you.
You can earn up to 5% cashback with the Aspiration Cash Management Account * and Up to 11 times the average interest on the money you set aside to save ** (the FDIC says the average account only earns 0.09%). It’s an all-in-one account that is only available online and has no monthly maintenance fee or minimum fees.
You can make your money grow and Be calm knowing that you are not accidentally endorsing politicians and causes you don’t like.
Best of all, switching to the Aspiration Spend & Save account is very easy. It only takes a few minutes to sign up for Aspiration and support the causes that really matter to you.
Mike Brassfield ([email protected]) is a senior writer at The Penny Hoarder. He wants to do it well and well.
The Aspiration Spend & Save account is a cash management account operated 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 Securities Investor Protection Corporation (SIPC). Aspiration Financial, LLC (Aspiration) provides brokerage services and securities products. Subsidiary Aspiration Fund Adviser, LLC, an SEC registered investment advisor, provides investment advice. 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 is committed to donating 10% of our profits to charity.
* Customers receive cash back on all debit card purchases. Customers can also earn extra cash back on purchases from select retailers. Cash back percentages are subject to change at any time without notice. Cash Back is credited to the 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 to terminate a customer’s cash back function for misuse of the function. This Cash Back Reward Program is subject to change by Aspiration at any time without notice. More information can be found here.
** The annual percentage return (“APY”) associated with the Aspiration Spend & Save account is now variable and accurate 01/20/2020. Prices are subject to change from time to time without notice. In order to receive 1.00% APY interest on Aspiration Save account balances in a calendar month, an external deposit of at least $ 1,000 is required that calendar month into an Aspiration Cash Management account or investment account. If the external deposit requirement cannot be met, the account holder may qualify for 1.00% APY on Aspiration Save balance each calendar month if there is a single Aspiration Save balance of $ 10,000 or more at the end of the day that calendar month. If neither of these conditions is met, the APY for that calendar month is 0.00%. The minimum deposit required to open an Aspiration Save account is $ 10.00. Pay What Is Fair fees, taken directly from the Aspiration Save account, can decrease revenue. For more informations, Click here.