Aspiration: 2% interest, no-fee banking, $50 signup bonus, & more


Ok, so this isn’t a deal or a sponsorship, so it doesn’t neatly fit in a category. But it is an awesome app and it does save you money; since MDM Deals is about both of those things, my scheduled sponsor had to delay, and the service has a $50 sign-up bonus promotion right now, I figured I’d share Aspiration with you!

As many of you know, my family and I moved overseas  a few months back and it’s been wonderful. What you may not know is that it wrecked havoc on our banking. I’ll spare the details, but I had to search for a new bank and, after trying out a bunch, I settled on Aspiration and have been super happy with them. Here’s just a few reasons I chose it and why you ought to check it out:

  • 2.00% APY interest. I’m not kidding that the interest rate is about 100 times more than my previous bank gave me. Just deposit at least $1 into the account each month to get 2.00% interest. That simple.
  • Choose-your-own fee. Seriously. Pay what you think is fair–including nothing–so there’s nothing to lose by signing up and giving it a whirl.
  • No ATM fees worldwide. For an ex-pat like me, that’s a must. But for everyone else–seriously, do you wonder why other banks charge you to get your own money out of your own bank? Aspiration is refreshing.
  • Mobile-first – Unlike some services where it’s clearly brick-and-mortar first and app-as-an-afterthought, Aspiration is first and foremost, and it’s exactly what you’d expect it to be.
  • More! Like cash-back debit purchases. But those were the big things that made me switch over my MDM Deals banking* and I’ve been very happy. 

From now until June 30th–just a few days–when you sign up via my referral link, we’ll both get a $25 referral bonus and be able to donate $25 to a cause of our choice. Whether you just want to support my work, give Aspiration a trial spin, or move over all your banking like I did, check out Aspiration bank today!

P.S. At first the no-fee service made me nervous, because I didn’t want to bank with an unsustainable business model. They’re FDIC ensured, so that’s not a huge risk–but then I saw how they charge for other services and that’s where they make their money. Then I worried they’d spam you to sign up for those other services–but they don’t! They’re really respectful.

*Note: I don’t know if Aspiration currently supports business accounts, but since MDM Deals is still a sole proprietorship, it doesn’t make a difference. I just use separate personal & business banks for ease of financial records and accounting.

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