[Expired] [Targeted] Aspiration Up To $1,000 Savings Bonus

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Offer at a glance

• Maximum bonus amount: $1,000
• Availability: Nationwide
• Deposit required: $20,000-$200,000
• Additional requirements: None
• Hard/soft pull: Soft pull
• ChexSystems: Unknown
• Credit card funding: Unknown
• Monthly fees: None
• Early account termination fee: None
• Household limit: Unknown
• Expiration date: July 31st, 2019

The Offer

No direct link to offer, sent out via snail mail

• Aspiration is offering a bonus of up to $1,000 when you open a new Spend & Save account by July 31st, 2019. The bonus you receive is tiered and depends on how much you transfer. The balance must be maintained until September 30th, 2020. Bonus tiers are as follows:
  • Transfer $20,000 and get a $100 bonus
  • Transfer $40,000 and get a $200 bonus
  • Transfer $60,000 and get a $300 bonus
  • Transfer $80,000 and get a $400 bonus
  • Transfer $100,000 and get a $500 bonus
  • Transfer $120,000 and get a $600 bonus
  • Transfer $140,000 and get a $700 bonus
  • Transfer $160,000 and get a $800 bonus
  • Transfer $180,000 and get a $900 bonus
  • Transfer $200,000 and get a $1,000 bonus

The Fine Print

• Offer only applies to the original recipient of this letter and is non-transferable
• New account must be created with recipient’s current or previous Aspiration account e-mail address
• Offer is not valid with internal transfers
• Eligible funding amount must be matained in the qualifying account through 11:59 PM pacific on 09/30/2020
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

This account has no monthly fees to worry about

Early Account Termination Fee

As far as I know there is no early account termination fee

Our Verdict

Need to keep the funds in there for more than a year, this means you’re getting less than 0.5% APY in extra interesting from the bonus. Basically means this is worse than a 2.5% APY account, because of that there are other better high yield savings accounts out there and I’d ignore this offer.

Hat tip to reader A B

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