Looking for people-friendly, environmentally correct companies worthy of your money? This bank will help you direct your money toward them. This is our Aspiration Bank review.

With Aspiration Bank, you’ll have a bank account with a company that donates 10% of its income and offers.

You will also get your very own sustainability score on your spending habits. Plus, get 10% cash back at “mission-driven” brands.

Aspiration Bank is a financial firm that offers a cash management account it calls “Spend & Save”.

This account is similar to the Fidelity Investment one. It has the Federal Deposit Insurance Corporation (FDIC) insuring deposits in the institution.

The bank’s “Spend & Save” account comes with a debit card and earns interest on savings after the client meets certain conditions.

Technically, the “Spend & Save” account is actually two accounts. However, it is meant to operate as a single Aspiration Account. 

The bank brags about the fact that it is 100% fossil fuel free. Plus, it charges little to no mandatory fees from its customers.

The account counts with bill pay, mobile check deposit, fraud protection, and a debit card. Plus, it offers rewards on your spending if you buy from members of Aspiration’s Conscience Coalition.

These are select “mission-driven” brands that fall within the category of environmentally and people-friendly businesses. This is a well-known demand of this bank’s target audience: Millennials.

The account offers an APY of 5% on balances up to $10,000. However, there is a $7.99 monthly fee that accounts holders cannot waive.

You can pay a lower fee if you pay the annual plan, which lowers the monthly amount to $5.99.

If you sign up for the Plus account, you will get a limited 0.25% APY on your balance of up to $10,000.

However, if you spend $1,000 a month, you will qualify for the 5% APY. Above the $10,000 cap, you will earn 0.1% APY.

When it comes to ATMs, Aspiration Bank customers have access to 55,000 free in-network ATMs all over the country.

Now that you are familiar with this bank’s details, how about comparing its pros and cons? Our Aspiration Bank review would not be complete without one.

If you are an environmentally and socially conscious millennial looking to contribute to a better world through companies that strive to do the same, this bank might just be for you.

Do you like what you have seen in this Aspiration Bank review? If so, you might want to take the next step and apply for an account.

In the link below, you will find a complete walkthrough of the application process. Click on it, and we will show you how to set up your account today.