SOURCE: Radius Bank

Radius Bank

July 14, 2015 08:45 ET

Radius Bank Partners With Aspiration to Launch New Best-In-Class Personal Checking Account

New Partnership Combines Radius's Innovative Banking Approach With Investment Firm's Unique Community-First Strategy

BOSTON, MA--(Marketwired - Jul 14, 2015) - Radius Bank (www.radiusbank.com), a full-service bank with offices in Massachusetts and New York, recently announced its partnership with Aspiration, a groundbreaking online investment firm, to introduce a new high-yield personal checking account to Aspiration customers.

The product, called the Aspiration Summit Account, offers the benefits of a top-of-the-market interest rate with the utility of a checking account, which includes free ATM access worldwide, no monthly maintenance fees and no monthly minimum balance requirement. The account is available at Aspiration's website and can be opened entirely online from a computer or mobile device through a Radius Bank powered account opening platform.

This partnership is the latest in a line of strategic relationships that Radius has built with forward-thinking companies in the financial services and technology space to bring new banking options to the market that drive value and convenience. In 2013, Radius Bank teamed up with mobile payments innovator LevelUp, becoming the first U.S. community bank to offer a mobile payments and rewards app, Radius Pay. Last year, the Bank partnered with SmarterBucks to launch a student loan pay down debit card rewards program.

"We're proud to have partnered with Aspiration to bring the Summit Account to their customers," said Mike Butler, Radius Bank's President & CEO. "This launch is the result of a natural alignment between two companies who share similar values. Aspiration's focus on empowering consumers to achieve financial success, coupled with their commitment to trust and giving back to the community, made them a clear fit for us. Developing these types of partnerships is an important part of our strategic plan, and we look forward to continuing to innovate with the Aspiration team."

Launched in November 2014, Aspiration is one of the fastest growing investment startups in America. Their unique approach allows users to "pay what is fair" on its investment accounts and charges no maintenance fees on the Aspiration Summit Account. In lieu of these fees, the firm asks for "tips" that the client may choose to give. For every dollar the company makes, Aspiration donates one dime to a program that distributes microloans to struggling Americans.

To learn more and quickly open an Aspiration Summit Account online, visit: www.aspiration.com/summit.

To learn more about Radius's innovative approach to building strategic partnerships, visit: www.radiusbank.com/partnerships

About Radius Bank
With assets of more than $725 million, Radius Bank is an innovative, forward-thinking community bank headquartered in Boston, MA, providing leading-edge products and technology solutions to a wide range of clients nationwide. Radius partners with FinTech and financial services companies to bring improved or radically new financial offerings to the public that drive convenience and value. The Bank has launched a number of other successful partnerships, including a collaboration with mobile payments innovator LevelUp and SmarterBucks, student loan debt reduction company. For further information, please visit www.radiusbank.com. Radius Bank is a member of the Federal Deposit Insurance Corporation (FDIC) and is an Equal Housing/Equal Opportunity Lender.

About Aspiration
One of the fastest growing online investment platforms, Aspiration offers everyone the type of investment strategies that were once limited to only the wealthiest Americans. Using cutting-edge technology, Aspiration is revolutionizing how financial services are delivered to Americans by successfully pioneering a democratized and purpose-driven investment firm with a conscience and building an unprecedented level of trust with its customers. For more information, please visit www.aspiration.com. Aspiration Fund Adviser, LLC, a wholly-owned subsidiary of Aspiration Partners, LLC, is an investment adviser registered with the United States Securities and Exchange Commission (SEC).

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