Green living is not just about what you eat, or what you wear. Many of our life decisions can have an impact on the environment, and banking is one of then.
Aspiration is an online-only bank with a mission to give back to communities. Here’s everything there is to know about this forward-thinking institution:
Is Your Money Funding Fossil Fuels?
When you put your money into a bank, that bank uses it to give out loans and to make investments. That’s how banks make money, after all. However, if you don’t know what your bank is investing in, then your money might be sunk into anything. Examples include coal mines, tar pits, or fracking. From a financial standpoint, the fossil fuel industry has often been considered a safe bet, with a good rate of return.
Whether you have a steadily growing retirement account, a modest savings, or just a checking account that you use to pay bills and direct deposit your paycheck, it’s important to take a step back and recognize that your money is going to support a lot of things, even if you’re not physically spending it in those ways.
That’s Where Aspiration Comes In
Aspiration is a financial company that provides its customers peace of mind. This bank ensures customers their money goes where it will help, instead of harm.
Additionally, Aspiration uses some of its profits to help fund charitable efforts around the globe. These benefits are combined with competitive savings rates, low fees, and the ability to use ATMs all around the world.
For more ways you can live a cleaner, greener life, simply contact us today!