This Account Now Pays up to 5% APY on Your Savings

Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. Terms may apply to offers listed on this page. APY = Annual Percentage Yield. APYs are subject to change at any time without notice.

Aspiration offers an eco-friendly alternative to traditional banking, and its latest offer could earn account holders big rewards.

Oct. 12 is National Savings Day, and online bank Aspiration is celebrating with an unbelievable 5% APY offer on its Aspiration Save account. The financial firm has offered a more socially-conscious alternative to traditional banks since its inception, and this latest account upgrade provides one of the highest savings account rates we've seen.

How account holders can get 5% on their savings

Starting today, Aspiration Plus members will earn a 5% APY on the first $10,000 in their Aspiration Save accounts for every month in which they spend at least $1,000 with their Aspiration debit card. Not only is the 5% rate about 83 times the national average for savings accounts (0.06%), but it's more than competitive with the best savings accounts.

Note that the 5% APY is only available to Aspiration Plus members who meet the offer requirements. Aspiration Plus is the paid version of Aspiration's cash management account. Membership costs $5.99 per month, billed annually, and comes with other useful features including:

  • Access to 55,000 no-fee ATMs
  • 10% cash back on purchases at 25 environmentally and socially-conscious merchants, which Aspiration refers to as the Conscience Coalition™
  • One out-of-network ATM fee reimbursement each month
  • Direct deposit up to two days early

Customers who are not Aspiration Plus members can still receive a 3% APY on the first $10,000 in their Spend & Save accounts -- that's 50 times the national average.

Our Picks for the Best High-Yield Savings Accounts of 2024

APY
4.50%
Min. to earn
$0.01
APY
4.25%
Rate info Circle with letter I in it. See Capital One website for most up-to-date rates. Advertised Annual Percentage Yield (APY) is variable and accurate as of April 11, 2024. Rates are subject to change at any time before or after account opening.
Min. to earn
$0
APY
4.25%
Rate info Circle with letter I in it. 4.25% annual percentage yield as of June 24, 2024
Min. to earn
$1

About Aspiration

Aspiration is not a traditional bank. It's a brokerage firm that offers banking and other financial services. One of Aspiration's primary goals is to help customers make a positive environmental and social impact through their financial choices. In fact, several account perks are tied to environmental causes. Aspiration guarantees that bank deposits won't fund fossil fuel exploration or production. There's also an option to have a tree planted every time you round up a purchase made with your debit card. In the past year, the company has planted over 35 million trees on behalf of its customers.

If you've been looking for a new savings and checking combo account, Aspiration Plus may be a good fit, especially if Aspiration's mission resonates with you. Even without the environmental benefits, the account offers one of the best savings interest rates we've seen -- and it's worth a look.

These savings accounts are FDIC insured and could earn you 11x your bank

Many people are missing out on guaranteed returns as their money languishes in a big bank savings account earning next to no interest. Our picks of the best online savings accounts could earn you 11x the national average savings account rate. Click here to uncover the best-in-class accounts that landed a spot on our short list of the best savings accounts for 2024.

Two of our top online savings account picks:

Rates as of Jun 24, 2024 Ratings Methodology
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Citizens Access® Savings Capital One 360 Performance Savings
Member FDIC. Member FDIC.
Rating image, 4.00 out of 5 stars.
4.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
Rating image, 4.00 out of 5 stars.
4.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor

APY: 4.50%

APY: 4.25%

Min. to earn APY: $0.01

Min. to earn APY: $0

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