Finder may earn compensation from partners, but editorial opinions are our own. Advertiser Disclosure

Ando Savings review

Has no fees and uses your money to fight climate change — but it only earns 0.17% interest.’s rating: 3.8 / 5.0


Ando Savings is an ethical savings account that uses your money to fight climate change and reduce emissions. It has absolutely no fees and earns a 0.17% APY. But you need an Ando Savings account before you can open this account.






Minimum deposit to open


Annual percentage yield (APY)0.17%
Minimum deposit to open$0
Minimum balance to earn interest$0.01
Interest compoundingDaily
Monthly transaction limit6
More info

More Info


Review by

Cassidy Horton is a writer for Finder, specializing in banking and kids’ debit cards. She’s been featured on Legal Zoom, MSN, and Consolidated Credit and has a Bachelor of Science in Public Relations and a Master of Business Administration from Georgia Southern University. When not writing, you can find her exploring the Pacific Northwest and watching endless reruns of The Office.

Expert review

Ando Savings is an optional savings account available to Ando Spending users. It’s best for anyone who wants a bank account focused on fighting climate change, avoiding fossil fuels and reducing your carbon footprint.

There’s an in-app Impact Center that breaks down how Ando is using your money to reduce emissions. It allows you to connect with friends who use Ando to track how you’re all playing your part to better the environment.

It also has absolutely no fees and earns a 0.17% APY. While this interest rate is higher than the national average, it’s not that competitive compared to other ethical savings accounts. For example, Aspiration Spend & Save Account earns up to 5% APY and BankPurely SavingPurely account earns 0.25%.

How do I open an Ando Savings account?

You must have an Ando Spending Account to open an Ando Savings account. Once you’ve opened the Spending account, follow these steps to activate your savings account:

  1. Log in to the Ando mobile app or website.
  2. Navigate to the Settings menu.
  3. Follow the prompts to set up your Ando Savings account.


You’re eligible for Ando Savings if you meet these requirements.

  • US citizen or resident
  • At least 18 years old
  • Valid Social Security number or Taxpayer Identification Number
  • Active Ando Spending Account

Required information

Have this information ready when you open your account:

  • Social Security number or Taxpayer Identification Number
  • Date of birth
  • US home address
  • Email address
  • Phone number

What are the benefits of an Ando Savings account?

Ando Savings helps you grow your money with these unique features.
  • No monthly fees. Ando Savings is completely free. There are no fees for monthly maintenance, transfers, excessive transactions or overdrafts.
  • Banking for good. Ando promises that 100% of its investments actively reduce emissions. You’ll also get access to an in-app Impact Center that gives insights into how Ando is using your money to save the planet.

What should I look out for?

Like most savings accounts, you can’t make more than six outgoing transactions a month. Once you hit this limit, Ando will decline any additional transfers until a new month begins. It also has these potential downsides.

  • Requires Ando checking account. You must open an Ando Spending Account before you can open this one, which could be a drawback if you don’t need a checking account.
  • Low interest. Ando savings earns 0.17% APY. While this rate is 3x higher than the current national average, other ethical savings accounts offer higher interest.
  • One way to access money. The only way to fund your account is through your Ando Spending Account. You’ll also need to transfer money here before you can use it.
  • Account closure. If your account has a $0 balance for nine consecutive months, Ando will close your account. This is a common practice for banks, but it’s still something to be mindful of.

Compare Ando with other savings accounts

Use this table to see how Ando’s features compare to other popular savings accounts.

Name Product Annual percentage yield (APY) Fee Minimum deposit to open
Aspiration Spend & Save Account
Finder Rating: 4.2 / 5: ★★★★★
Aspiration Spend & Save Account
$0 per month or $7.99 per month for Aspiration Plus ($5.99 per month if you pay annually)
Deposits are fossil fuel-free. A spend and save combo account with unlimited cash back rewards and deposits insured by the FDIC and a $100 bonus when you spend $1,000 in your first 60 days.
BlockFi Interest Account
BlockFi Interest Account
Up to 8.25%
Score up to 8.25% APY with this free crypto-interest account. Not available in New York and not FDIC insured.
Axos Bank High Yield Savings
Finder Rating: 4 / 5: ★★★★★
Axos Bank High Yield Savings
No monthly maintenance fees. No minimum balance requirements. Interest compounded daily.
Gemini Earn
Gemini Earn
Up to 8.05%
Watch your cryptocurrency earn up to 8.05% APY with this nationwide account. Not FDIC insured.
American Express® High Yield Savings
Finder Rating: 4.6 / 5: ★★★★★
American Express® High Yield Savings
Enjoy no monthly fees and a competitive APY with this online-only savings account. Accounts offered by American Express National Bank, Member FDIC.

Compare up to 4 providers

How do I deposit or withdraw my money?

Because Ando Savings is connected to your Ando Spending Account, there’s only one way to access your money. To fund and withdraw money from your account, you’ll transfer it to and from your Ando Spending Account.

How do I contact Ando customer service?

Ando customer service is available daily from 9 a.m. to 9 p.m. ET.

  • Call 844-960-3939
  • Email

How do I close my Ando Savings account?

Transfer any remaining funds to your Ando Spending Account, then email customer service at to close your account.

Savings account ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We analyze top savings accounts and rate them one to five stars based on factors that are most important to you. These factors include: interest rates, monthly fees, minimum deposits, customer service and account features.

Read the full methodology of how we rate savings accounts.

Ask an expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use and Privacy and Cookies Policy.
Go to site