Aspiration Bonus Promotions: 1.0% – 3.0% APY for New Accounts

Aspiration is a fintech company that offers a Spend & Save Account that acts like like a checking and savings account through their partnership with Coastal Community Bank (and others).

They are not a bank but you get bank-like protections as a result, so your money there is FDIC insured for up to $250,000 (you actually get much higher protections because they partner with several banks – as of May 2022, they work with ten partner banks).

Aspiration’s goal is to provide banking services to customers who care about building a more sustainable future. Whereas other banks may invest in oil pipelines or profitable projects that lead to bad outcomes for the planet, Aspiration promises to do none of that.

They also have a “pay what is fair” fee model on their base Aspiration account. In terms of a monthly fee, you get to choose what you want to pay and that can be $0. Their Aspiration Plus account, which is a mandatory $7.99 per month fee ($5.99 per month if you pay annually), comes with more perks, higher interest rate, and other protections. You can learn more about the Aspiration Spend & Save account in this review.

If you are interested in this account, here’s more information about it:

Table of Contents
  1. Aspiration $150 Bonus / $200 Sign-Up Bonus [EXPIRED]
  2. Aspiration Spend & Save — 1.00% APY or 3.00% APY
  3. How Does This Offer Compare?

Aspiration $150 Bonus / $200 Sign-Up Bonus [EXPIRED]

What happened to the Aspiration $150 Bonus and the $200 Bonus? It expired in July 2022 and Aspiration has yet to bring it back. For years, they had that as their standard offer but they haven’t brought it back after it expired earlier this year.

Previously, the offer was $150 or $200 cash bonus when you opened an Aspiration Spend & Save account and spent $1,000 within the first 60 days of opening the account. It was a nice and easy offer that plenty of folks took advantage of.

For now, the active promotion is a higher APY on their Spend & Save account. Details on that below.

Aspiration Spend & Save — 1.00% APY or 3.00% APY

Aspiration previously had a cash bonus offer when you opened an account and reached a certain level of spending with their card. This was replaced with an offer of a much higher interest rate on your savings.

If you open an Aspiration account, you will earn up to 1.00% APY on your savings with a $1,000 per month spend. The minimum opening balance is just $10 and the monthly fee is a “Pay What Is Fair,” even if it’s zero.

If you open an Aspiration Plus account, you will earn up to 3.00% APY on your savings with a $1,000 per month spend. Again, the minimum opening balance is just $10. The monthly fee is a $7.99 per month or $5.99 per month if you pay annually.

How Does This Offer Compare?

With no bonus offer and a below market rate on interest, the only reason to use Aspiration is if you believe in their mission. Financially, other options are much better.

Here are a few other better offers:

Barclays – $200

Barclays Bank will give you a $200 if you open a new savings account and deposit $25,000 or more within 30 days and maintain at least $25,000 for the next 120 days. The savings account also pays a competitive interest rate of 4.35% APY while you wait.

👉 Click here to learn more

BMO Relationship Checking – $400

BMO Bank is offering a $400 bonus* when you open a BMO Relationship Checking and when you have at least $7,500 in qualifying direct deposits within the first 90 days. It is a very straightforward offer that is available nationwide.

*Conditions apply

👉 Click here to learn more

Bank of America – $200 Bonus Offer

Bank of America offers a $200 Bonus Offer cash bonus if you open a new account and Set up and receive qualifying direct deposits totaling $2,000 or more into that account within 90 days of account opening. It has a monthly fee that is easy to have waived.

👉 Click here to learn more

Chase Total Checking® – $300

Chase Bank will give you $300 when you open a Total Checking account and set up and receive direct deposits totaling $500 or more within 90 days. There is a $12 monthly fee that is waivable with a monthly direct deposit of just $500, so no gotchas on this deal!

👉 Click here to learn more

HSBC Premier Checking – up to $4,000

HSBC has an offer where you can get up to $4,000 for eligible new customers who open an HSBC Premier checking account, make a sizable deposit, and make recurring monthly qualifying direct deposits of at least $5,000 for 3 consecutive months.

👉 Click here to learn more

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First Horizon Bank Bonus: $450 Checking

First Horizon Bank has a $450 bonus on their checking account with very reasonable qualification requirements. If you've been thinking about getting this account, see how you can get a $450 bonus.

About Jim Wang

Jim Wang is a forty-something father of four who is a frequent contributor to Forbes and Vanguard's Blog. He has also been fortunate to have appeared in the New York Times, Baltimore Sun, Entrepreneur, and Marketplace Money.

Jim has a B.S. in Computer Science and Economics from Carnegie Mellon University, an M.S. in Information Technology - Software Engineering from Carnegie Mellon University, as well as a Masters in Business Administration from Johns Hopkins University. His approach to personal finance is that of an engineer, breaking down complex subjects into bite-sized easily understood concepts that you can use in your daily life.

One of his favorite tools (here's my treasure chest of tools,, everything I use) is Personal Capital, which enables him to manage his finances in just 15-minutes each month. They also offer financial planning, such as a Retirement Planning Tool that can tell you if you're on track to retire when you want. It's free.

He is also diversifying his investment portfolio by adding a little bit of real estate. But not rental homes, because he doesn't want a second job, it's diversified small investments in a few commercial properties and farms in Illinois, Louisiana, and California through AcreTrader.

Recently, he's invested in a few pieces of art on Masterworks too.

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Opinions expressed here are the author's alone, not those of any bank or financial institution. This content has not been reviewed, approved or otherwise endorsed by any of these entities.

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