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800-683-8529
4640 Admiralty Way
Marina Del Rey, CA 90292

Aspiration (an online investment company) and Radius Bank (an FDIC-insured, online bank) have teamed up to offer The Aspiration Summit Account. This is a high yield checking account that has no monthly fees and offers free worldwide ATM access. In fact, the interest rate on this checking account rivals the top savings accounts on the market. Upon the account's release, it was quickly labeled by many reputable news publications as the best checking account in the country. It’s hard to argue with this when considering its appealing combination of low fees and high interest.

It’s worth noting that while this summary is dealing mostly with the deposit accounts available at Aspiration through Radius Bank, Aspiration also offers a couple investment accounts that are aimed at middle-class consumers and seek to provide investment opportunities and advantages that traditionally are only available to wealthier consumers. Assets in these investment accounts are held by UMB Bank.

Aspiration’s consumer products are impressive, but equally impressive is the company’s commitment to giving back to the community. Through their “Dimes Worth of Difference” program, they donate a tenth of their revenue to various charities that seek to advance economic opportunities for the less fortunate.

Aspiration is headquartered in Marina Del Rey, CA. Any US citizen or lawful resident over 18 can open an account.

Related Posts

Aspiration Interest Rate Calculation Change - 11/15/2017

As interest rates have changed, Radius Bank-supported Aspiration has become less and less competitive. Their 1.00% is now way behind rate leaders, and this email was quite surprising and is honestly a step in the wrong direction. Seems like they are only good for 100% ATM fee reimbursements now. "We also want to take a moment to let you know about a change coming to the way interest is calculated on your Summit account. Historically, we’ve offered .25% APY on balances up to $2,499.99 and 1.00% APY on the entire balance on balances over $2,500. Beginning this month, we’ll be offering .25% APY on balances up to $2,499.99, and 1.00% on the portion of balances greater than $2,500. A minor change, we know, but since trust and transparency is at the core of who we are, we wanted to be up front with you about this instead of hiding it in a disclaimer. Even with this change, the Summit account still offers at least 25 times and up to 100 times more interest than Big Banks! We’re also going

Aspiration Summit Account

I have been banking with Aspiration for over a year now and I have loved their customer service and account offerings. I have the Aspiration Summit account that has a high interest rate. There are no fees associated with the account and you have the option to pay the bank what you think they deserve. The bank also has investment opportunities like, "The Redwood Fund," which allow you to invest as little as $100 in a sustainable investment fund. All ATM fees are reimbursed for using any ATM in the US. The only negative that I can report is that I had to wait a long time to get accepted as a new account holder. There is a waiting list to join the bank. I would highly recommend this bank for anyone looking for a high interest no fee account, but be prepared to wait a little while.

Great Bank

I've been doing business with Aspiration for nearly a year now. Ever since I left my last bank that did me wrong. In any event, this bank is great. They pay a decent interest rate and I actually pay nothing for the account whatsoever. They even reimburse each month for ATM fees charged. So, I can use my card at any ATM for free effectively. They also have some investment accounts that I may look into in the future. The customer service is also top notch. Every time I have needed anything, they were very quick about responding.

Interested in altruistic and green investments.

Aspiration is interested in working with altruistic and green companies that make you feel good about banking. Their "planet first" motto for banking makes me feel like I am banking with the bank that cares about the 99 percent. The online products include checking and investing products. They let you know at the end of the month how green your money is. Their online newsletter is chock filled with information that educates in a positive way.

DO NOT USE THIS BANK

I was excited to get this account with them. but I had NOTHING but problems with them. I would deposit a check on Thursday and it wouldn't be "available" to me until Monday. The worst is the stupid app said the money was in my account on Saturday but of course all my transactions were declined, so I went to the ATM and nope, my check was not deposited. Trying to get a hold of the "24/7" costumer support is a freaking joke, then of course they say we have online support well what they really mean is you can go read through questions and answers but you don't actually get to talk to anyone about your problem. Every time I have talked with costumer support (which always took me at least an hour!) They were rude and not helpful.
I will be closing out my account with them because I'm sick of trying to get a hold of the costumer support and consistently having problem with them.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #32551
Year Established1987
Employees154
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.5%
Return on Equity - YTD5.37%
Annual Interest Income$11.1MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$1.15B$973.0MM
LoansQ1 2018vs Q1 2017$845.3MM$824.9MM
DepositsQ1 2018vs Q1 2017$970.8MM$784.2MM
Equity CapitalQ1 2018vs Q1 2017$106.0MM$91.8MM
Loan Loss AllowanceQ1 2018vs Q1 2017$6.6MM$3.3MM
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$10.6MM$15.9MM
Real Estate OwnedQ1 2018vs Q1 2017$0$223.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Aspiration Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*$2,500*-The Summit Account
OTHER TIERS: 0.25% Up to $2,500
Locations

Aspiration is an Internet only bank and does not have branch locations. Its headquarters is located at 4640 Admiralty Way - Marina Del Rey, CA 90292

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact feedback@depositaccounts.com to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.