Investment Apps and Websites

Atmos Financial Review: High-Yield Savings Account With Green Initiatives

If you are looking for a financial institution that offers high-yield, climate-focused savings accounts, then this Atmos Financial review is for you.

Atmos Financial Review: High-Yield Savings Account With Green Initiatives

Generally speaking, people deposit money into savings accounts just for the sake of having a safe place to keep their money.

In fact, according to the Federal Deposit Insurance Corporation (FDIC) Survey of Household Use of Banking and Financial Services, which was conducted in June 2019, “nearly 95 percent of U.S. households (approximately 124 million households) were banked (i.e., had a bank or credit union account).” 

There are several factors that people consider when choosing a bank or any financial institution for that matter.

One factor is the stability of a bank.

Based on a report by The Ascent, 51.76% of people use only physical banks, 25.18% use only online banks, while the remaining 23.06% use both.

Another factor depositors take into consideration is the interest rate. Some people prefer shopping for the highest interest rate available to be able to earn more from what they have.

Ideally, it would best if a customer gets to have both stability and a high interest rate. It’s a win-win situation, definitely.

But, here’s some good news. While there are lots of financial institutions out there that offer both stability and a high interest rate, only a few offer climate-focused accounts, which is what Atmos Financial is all about.

Atmos Financial is a financial technology (fintech) that specifically loans its deposits to green initiatives.

The company provides “banking that reverses climate change.” Definitely something not very common among banks and credit unions out there.

Imagine, with Atmos Financial, you can bank, earn high interest, at the same time, be able to help protect and preserve our planet.

Now, if you are interested to know more about what Atmos Financial is all about and what it offers, then, you should continue reading this in-depth Atmos Financial review.

In the next few sections, we are going to specifically tackle some of the most important information customers need to know about this fintech company. This includes:

  • What is Atmos Financial?
  • Who is Atmos Financial best for?
  • What does RoosterMoney offer?
  • How does Atmos Financial work?
  • Are there fees involved?
  • How to open an account with Atmos Financial?
  • Is Atmos Financial safe?
  • What are the upsides of Atmos Financial?
  • What are the downsides of Atmos Financial?


Atmos Financial is a fintech company that was founded in January 2020 by Ravi Mikkelsen.

Technically speaking, Atmos Financial is not a bank. However, the company can offer banking services through Evolve Bank & Trust, its bank partner, a member of the FDIC.

Atmos Financial is not your typical fintech company.

While it does work on providing consumers a place to save and earn from their money, it also allows them to contribute to making the world a better place to live in.

Atmos Financial’s goal is “to provide permanent positive environmental and societal impact by shifting money away from activities that directly harm our planet and towards those that help preserve it.

To achieve this goal, the company pledges “to only lend to sectors that help to rapidly accelerate our transition towards a clean, fair, and transformed economy.”

Furthermore, the company hopes to “flatten financial barriers so that everyone can participate in and benefit from a carbon-free future.”

Atmos Financial’s Ravi Mikkelsen & Pete Hellwig made it clear that what the company is doing is not a charity. Rather, it is on a mission “to develop the best technology solutions and banking experience available so that you never again have to give up convenience or yield for doing the right thing.

While all these may sound idealistic, Atmos Financial assures you they can be realistically done. In fact, they’ve already started doing it.

Atmos Financial “utilizes various banking partners to offer FDIC-insured deposit products like our AtmosACTION Savings Accounts.”

AtmosACTION Savings Accounts is the “first high-performance savings account engineered to reverse the climate crisis.” Know more about this product as we go along this review.


Atmos Financial is a company that aims to create environmental impact through the things it does.

Thus, it should appeal to consumers who want to take part in making an environmental impact.

Atmos Financial should also be an ideal choice for people who want to open a high-yield savings account with no monthly fees, as well as no minimum account requirements.

Unfortunately, ATM transactions are not supported by Atmos Financial. So, unless you are good with that, Atmos Financial should work for you.

Also, if you want to earn the best annual percentage yield possible, you should be willing to have recurring donations.


Atmos Financial offers AtmosACTION Savings Account.

As stated on its website, AtmosACTION Savings Account is “the first high-performance savings account engineered to reverse the climate crisis.”

AtmosACTION offers up to 0.51% annual percentage yield (APY), which is a fairly competitive rate.

This savings account “high-performance savings rate from clean energy investments.”

Atmos Financial funds innovative technologies as well as infrastructure that helps combat the global climate crisis.

The AtmosACTION Savings Account has no minimum balance requirement. However, when you get to see the impact you can have by depositing more, Atmos thinks you would probably want to go all-in.

AtmosACTION Savings Account also does not require a minimum deposit. Furthermore, it does not charge a monthly service fee and any other fees for that matter.

Interest Rate

As mentioned, Atmos stands out from other banks and financial institutions by loaning its deposits to clean energy initiatives. The fintech company makes money through the loan as well as the interest paid out to its customers.

AtmosACTION offers a high-interest rate. However, this varies depending on the amount deposited in your account.

For your reference, for balances of $9,999.99 and below, the rate is 0.41% APY; for balances amounting between $10,000.00 and $24,999.99, the rate is 0.46% APY; while for balances of more than $25,000.00, the rate is 0.51% APY.

It is important to know, however, that the savings rate includes a 0.11% increase if you link it to automatic monthly recurring nonprofit donations.


To realize its mission to help address the climate crisis, Atmos Financial ensures it only supports companies that do and believes the same thing.

Atmos Financial supports companies with projects under:

  • Renewable Energy
  • Regenerative Agriculture
  • Electric Transportation
  • Weather Resilience
  • Building Electrification
  • Energy Efficiency Overhauls

Meanwhile, the company does not loan money to companies with programs on:

  • Fossil Fuel Extraction
  • Clean energy projects that displace Black, Indigenous, or other Frontline Communities.
  • Fast Fashion Clothing
  • Industrial Agriculture
  • Industrial Livestock Production
  • Generic Real Estate
  • …and everything else

Climate Impact Measurements

Now, to get an idea of how customers’ deposits positively impact the climate, Atmos Financial measures impact in tons of carbon dioxide removed annually.

The table below shows how much CO2 customers can remove in a year based on deposits:

Deposited Amount Tons of CO2 Removed Equivalent Number Of Miles Not Driven Per Year
$1,00 1 2,634
$2,500 3 6,585
$5,000 6 13,169
$10,000 12 26,338
$20,000 23 52,676

As mentioned, Atmos Financial does not have a minimum deposit or minimum balance requirement. It’s all up to you. If you want to create climate impact, then, the table above should help you with that.

As you can see, the higher your deposited amount is, the bigger the impact will be.

Now, to compare, the average American contributes 16 tons of CO2 every year, which is one of the highest CO2 contributions of just one person in the world.

Future Plans

As stated on its website, Atmos Financial is refining and launching additional products such as a debit card account to better serve its customers.

Furthermore, the company will also be launching a few climate-positive loan products.

Atmos Financial banking apps will directly link deposits to all the good things that the company is doing in the world. Atmos will pay higher rates and rewards for the privilege of using customers’ money to be able to accomplish its goals.


Atmos Financial is an online-only financial platform that offers AtmosACTION, “the first high-performance savings account engineered to reverse the climate crisis.”

The said savings account allows depositors to hit two birds with one stone – earn high interest on a savings account, at the same time, be able to help address the climate crisis as Atmos Financial deposits specifically fund innovative technologies as well as infrastructure that help in combating the said environmental concern.

As mentioned in the earlier section, Atmos Financial measures the impact of customers’ deposits in tons of carbon dioxide removed annually.

While the company does not require account holders a minimum deposit or maintain a minimum balance, depositing more to your account results in a bigger climate impact.

Atmos Financial pays high interest on its savings accounts at the same time helps address the climate crisis by loaning money to companies with projects related to renewable energy, regenerative agriculture, electric transportation, weather resilience, building electrification, as well as energy efficiency overhauls.


Given the work that Atmos Financial has, by now, you are probably wondering already about the costs involved.

So, in this part of our Atmos Financial review, we are going to talk about how much does Atmos Financial costs.

Atmos Financial does not charge a monthly service fee as other fintech companies do. In fact, Atmos did not mention on their website any fees that they charge.

Furthermore, the company does not require a minimum balance, which means you can keep whatever amount of money you want in your account.

Unfortunately, the AtmosACTION does not seem to include a debit card. In fact, there is no mention of ATMs and ATM fees on its website.


If you are convinced with what Atmos Financial has to offer, then, let’s proceed to talk about the process of signing up for an account.

To get started, interested individuals may visit the Atmos Financial website.

Primarily, you will be asked to provide your first and last name, as well as your email address.

As you continue with the account application process, you will also be asked to provide your address and phone number. After which, you will be asked to verify the information you provided.

Similar to other financial institutions, make sure to keep a valid government-issued identification like a passport or driver’s license handy for verification purposes.

The whole process is simple and easy it should only take about a few minutes to finish.

Meanwhile, if you have a few more questions about how the company works and you’d want these questions answered before opening an account, you may do so by booking a 15-minute video conference meeting with a member of the Atmos Financial team.


Security features one of the major concerns among consumers especially when it comes to online-only banks or fintech companies like Atmos Financial.

Thus, it is just right that in this review on Atmos Financial, we also look into this.

Atmos fully understands how valuable your personal data is, which is why the company’s online platform is protected by state-of-the-art encryption techniques.

Your money is equally important. So, to ensure that whatever happens your account is secured, the AtmosACTION savings account is secured by the Federal Deposit Insurance Corporation (FDIC) through its partner bank, Evolve Bank & Trust. All AtmosACTION accounts are insured for up to $250,000 per depositor in case of a bank failure.

With all these in place, is Atmos Financial safe? Definitely, yes, it is.


This Atmos Financial review will not be complete without a list of the things to like and not to like about this fintech company.

To start with, here are some of the upsides of Atmos Financial.

  • High-Yield Savings Account – One of the things that would make people choose Atmos Financial is that it offers a high-yield savings account. The rate varies depending on account balances. For balances of $9,999.99 and below, the rate is 0.41% APY; for balances amounting between $10,000.00 and $24,999.99, the rate is 0.46% APY; while for balances of more than $25,000.00, the rate is 0.51% APY.
  • Helps Address Climate Crisis – Atmos Financial is a fintech company that helps address the climate crisis by helping lessen the carbon dioxide releases of its customers, at the same time, by loaning money only with companies with projects supporting the same cause.
  • No Monthly Fees – Atmos Financial does not charge monthly fees and any other fees that banks and other financial institutions usually charge. This makes it an ideal choice for people who want high-yield savings account without having to worry about monthly charges.
  • No Account Minimums Required – Similarly, Atmos does not have account minimum requirements set as well. Although, the company encourages you to deposit more if you want a bigger impact on its environmental causes.
  • FDIC Insured – Although Atmos Financial is technically not a bank, it does offer deposit products through its bank partner Evolve Bank & Trust. With the partnership, all Atmos deposits are insured by the FDIC for up to $250,000 per depositor in case of a bank failure.


In the previous section, we’ve given you a list of the advantages of using Atmos Financial. This time, here’s a list of some of the downsides of the said fintech company:

  • ATM Transactions May Not Be Supported – Based on the information on its website, it is unclear whether or not ATM transactions are supported or not.
  • Recurring Donations – Best annual percentage yield is available but requires recurring donations, which could be quite a lot for some depositors.
  • Online-Only – Similar to the majority of fintech companies, Atmos Financial is only available online, which means it does not have physical branch locations like what traditional banks have.
  • Lacks Information – Perhaps it’s because the company is relatively new, thus, if you visit its website, the FAQ page, in particular, is not as thorough as how FAQ pages of similar companies usually have. There is also a lot of missing information including how to deposit and withdraw money from your Atmos account.
  • Limited Products – Although Atmos Financial has lots of plans when it comes to product offerings, currently, it is only limited to the AtmosACTION savings account. The company has definitely had a lot of work to do.


Atmos Financial is a fintech company that focuses on making a mark in addressing the climate crisis. To do so, Atmos only focuses on providing loans to companies that have green initiatives, particularly those with projects related to renewable energy, regenerative agriculture, electric transportation, weather resilience, building electrification, as well as energy efficiency overhauls.

What Atmos Financial offers is definitely one-of-a-kind. While it understands the importance of saving money, it also makes sure it can help address environmental concerns, particularly climate crises.

Given the information we provided and what Atmos does, do you consider opening an account with them soon?

We do hope that through this Atmos Financial review, you can gauge whether or not it is right for you, at the same time, appreciate the thing that the company aims to achieve – particularly on its green initiatives.

Mobile Banking

Yotta Savings Review: Saving and Winning Money In One Mobile App

In this Yotta Savings review, you will see how this fintech company makes saving more interesting by adding a weekly chance to win a lottery jackpot.

Yotta Savings Review: Saving and Winning Money In One Mobile App

For many people, saving money whether it be in the bank or other financial institutions is a drag. They find it not worth it especially since the interests on savings accounts are usually low.

Ironically, some people would rather spend money joining or betting on lotteries instead of saving their money in the bank.

In fact, a report published by the United States Bureau of Labor Statistics says that from the third quarter of 2017 to the second quarter of 2018, Americans spent an average of $132.43 on lottery tickets.

Meanwhile, data from Statista says that in 2020, the largest lottery sales were in New York, generating approximately 9.74 billion U.S. dollars. This was followed by Florida as well as Texas, with lottery sales that amount to 7.5 billion and 6.7 billion U.S. dollars, respectively.

If you think about it, that’s a lot of money spent on lotteries. More so, that’s too much money spent on something that you are unsure of. After all, only a few wins the prize, right? The probability of taking home the prize is way too far, to be honest.

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Still, a lot of people are into it instead of saving that money on banks or other financial institutions instead.

But, what if you get the best of both worlds? You know, hitting two birds with one stone?

Sounds impossible? Does it seem like a crazy idea?

Well, apparently, you are wrong, because that is exactly what Yotta Savings is trying to address.

The company offers both savings, at the same time, provides its customers an opportunity to win the weekly lottery!

So, does the company do it? Well, you are going to find out as you go along this Yotta Savings review.

Specifically, this in-depth review will focus on providing answers to some of the most commonly asked questions about this online financial platform, which include:

  • What is Yotta Savings?
  • Who is Yotta Savings best for?
  • What does Yotta Savings offer?
  • How does Yotta Savings work?
  • Are there fees involved?
  • How to open an account with Yotta Savings?
  • Is Yotta Savings safe?
  • What are the upsides of Yotta Savings?
  • What are the downsides of Yotta Savings?


Yotta Savings is a financial technology or fintech company that offers an alternative interest rate structure on savings.

Founded in October 2019 by Adam Moelis and Ben Doyle, this New York-based company provides a savings application with lottery elements, which makes it very unique to what other fintech companies offer.

Inspired by the United Kingdom’s Premium Bonds program, Yotta integrated gamification elements with traditional savings.

By using Yotta Savings, account holders get to save money, at the same time, have the chance to win a $10 million jackpot, along with a multitude of other prizes and rewards.

But the good things do not end with the lottery prize alone.

Yotta functions as a basic savings app that provides a relatively high annual percentage yield of up to 4%.

Yotta does not only provide customers with a fun take on savings app but that also provides customers a chance to hold their money in a high-yield savings account.

The good things about Yotta Saving continue —

Apart from the chance to win a lottery prize, as well as earn a high interest rate on a savings account, Yotta ensures that all deposits are safe in case of an unfortunate event.

Yotta Savings is insured by the Federal Deposit Insurance Corporation (FDIC), which means in the event of a bank failure, all deposits are insured for up to $250,000 per depositor, per account category.

Before moving on, if you want to know more about Yotta Savings, check this video by Brendan Fitness and Money:


Generally speaking, Yotta should appeal to individuals who want to take advantage of having basic savings account with a high annual percentage yield, at the same time, a chance to win a weekly lottery prize for free.

Additionally, Yotta Savings is also a good choice for people who do not want to worry about paying monthly fees or meeting account minimum requirements.

Yotta Savings is a fintech company, which means transactions are done entirely online. Thus, this app is great for people who prefer online banking and does not mind not having a physical branch to go to.

Because of the lottery aspect, this is a great opportunity for people who won’t win as much as $10 million every week without having to pay for anything! Basically, you earn 1 ticket for every $25 you deposit in your account.


Technically speaking, Yotta Savings is not a bank, but a fintech or neobank. However, thanks to its partner, Evolve Bank, Yotta Savings can provide banking services that are FDIC-insured.

With Yotta Savings, customers earn a small amount of interest plus cash-based prizes instead of earning cash interests.

Since Yotta Savings is a fintech company, everything is done entirely online. The app is accessible to both iOS and Android users.

Now, for a more thorough review, here’s what Yotta Savings has to offer:

Lottery Tickets

Yotta Savings is not your typical savings account. With every $25 that you save, you get a ticket into weekly number draws. So, if you deposit $100 for instance, you get 4 tickets every week for as long as you keep that amount in your account without making any new deposits.

A prize is chosen every Monday of the week at 9 PM EST.

What’s nice about Yotta is that, unlike the traditional lottery, customers do not lose any money at all. They just gain some if they win.

Meanwhile, picking numbers as well as handing out prizes is done by a third-party insurance company.

Savings Rewards

Yotta’s base savings reward is 0.20%. While multiple outlets have tried calculating how much the “average” could earn with Yotta in rewards, there has been no concrete result.

Nevertheless, effective rate calculations factor in the base rewards plus the winning prize from lottery tickets.

Currently, Yotta’s weekly lottery prize ranges between $0.01 and $10 million, including partial ticket matches that pay out small amounts of money.

Debit Card

Yotta Savings is launching its debit MasterCard soon.

What’s nice about it is that you get to earn tickets by simply using it. For every $10 spent, you will earn one ticket to the following week’s draw.

Additionally, there is a chance to win the item you have just purchased for free.

Cardholders will also be upgraded automatically to a premium metal card once they have made 10 referrals.

Referral Program

Each customer gets to have a unique referral code, which allows them to earn extra 100 tickets for the lottery.

Similarly, the person they are referring to will also earn the same number of tickets for the lottery.


Now that you already know what to expect from the Yotta app, this part of the Yotta Savings review will focus on providing you information on how the app actually works.

Using the Yotta Savings app is very simple and easy.

First, you make a deposit. You may deposit by simply choosing your bank to deposit from.

As mentioned, for every $25 that you save, you automatically earn one ticket into the weekly number draws.

If you deposit $50, then, you get 2 tickets every week for as long as you keep that $50 in your account without making any new deposits.

Second, for every Money, you need to pick 7 numbers for each of your tickets.

If you forget to pick your numbers before the draw, that’s fine. Your ticket will be automatically picked if you are not able to complete it in time.

Third, the draw is done every week with one number drawn every night at 9 PM EST. The final number is drawn on Sundays, and the winnings for the week are made.

Lastly, Yotta lets you earn up to $10 million every week!

If you want to earn more, you just got to match as many numbers as possible. However, if you match all seven numbers, you take home the $10 million jackpot with you.

It is important to know that Yotta Savings is primarily a savings account, which allows you to earn a 0.20% interest rate.

However, if you include the value of the current prizes, account holders could get up to 4% all-in on your savings, which is definitely the highest rate out there.

Ultimately, what makes Yotta unique is the fact that it allows its account holders to save in a separate account, at the same time, play the lottery without any risks involved.

Withdrawal Limits

Similar to other banks, Yotta Saving account holders are limited to six withdrawals only per statement period.

In addition, these dollar limits apply: $10,000 per day, $40,000 per month, and $100,000 per year.


With all these opportunities and perks that Yotta Savings provide, you’d probably think it will cost you a lot to benefit from it all.

Well, guess what?

Yotta Savings does not charge any monthly service fee, as well as it does not require any minimum deposit or minimum balance requirements.

Furthermore, the app does not charge overdraft fees as well.

The only possible fee that you will be charged is ATM fees if you decide to make cash withdrawals.

However, the company says it is currently working on creating its very own in-network ATM system. So, sooner or later, customers will also get to enjoy free ATM transactions.


Now that you already know the most important details about the Yotta Savings app, this time, let’s talk about how to actually open a Yotta Savings account.

To start with, you have to download the Yotta Savings app, which is available for both iOS and Android devices.

Now, to sign up for a Yotta Savings account, similar to other banks, you will be asked to provide some basic personal and financial information such as your name, address, phone number, birth date, as well as your Social Security number.

Do not worry about seeing a hit to your score because Yotta will not pull your credit.

Once you are done creating your account, you will then be prompted to input your bank account details.

Please take note that Yotta requires account holders to have a US-based bank account. Otherwise, you will have to make one first before you can start using Yotta.

Yotta has no restrictions on which bank accounts to connect. However, it has to be a regular checking account from a bank based in the United States.

Yotta Savings has partnered with Plaid, which ensures you can connect any bank account to the app without any hassle.


The safety of your money and your personal information is important to Yotta. That is why it has put all necessary safety and security measures in place.

First, Yotta Savings uses military-grade 256-bit AES encryption on all customers’ personal data and transfers information using secure SSL channels. With these security measures in place, hackers should have a hard time trying to get into your account.

Second, your money is not actually held with Yotta. This means that if the company goes under, creditors cannot come after your funds.

Lastly, as mentioned earlier, all deposits on Yotta Savings are FDIC-insured. Thanks to its partnership with Evolve Bank.

All accounts are insured for up to $250,000 per depositor, per account category in the event of a bank failure.

So, overall, the Yotta Savings app is very safe to use. Both your personal information and your money are well taken care of.


This Yotta Savings review will not be complete without sharing with you a list of the pros and cons of using Yotta Savings.

In this section, we are going to focus on the upsides of Yotta Savings first. This includes:

  • Excellent Savings Account – Yotta Savings’ base interest rate is 0.20%, which means no matter what, your money will grow. However, if you add the weekly cash bonuses, most account holders could end up earning as much as 4% (even more) APY on their accounts.
  • Unique Gamification Elements – Apart from providing you a basic savings platform, Yotta also takes advantage of the oddities of human psychology to incentivize people to save more money.
  • No Monthly or Overdraft Fees – Apart from the fact that Yotta provides a very unique way to make people save money by providing them a chance to win a prize at the same time, Yotta also makes saving stress-free by not charging monthly service fees or overdraft fees.
  • Free Weekly Lottery – Unlike typical lotteries, with Yotta, account holders need not worry about paying for lottery tickets, because they’re free! All you need to do is deposit money into your account. For every $25, you automatically earn 1 ticket for yourself.
  • Chance to Win Millions – Yotta Savings app provides each account holder the chance to win for up to $10 million every week. What’s nice about it is that you have chances to win without having to lose any at all. As mentioned, you earn a lottery ticket for every $25 deposit made.
  • Referral Bonus – Just when you thought the good things are over, well, not yet. If you refer a friend to Yotta, you instantly get 100 lottery tickets for free when they sign up and make an account. Furthermore, the same number of tickets will also be given to your friend/s.


In the above section, we’ve shared some of the highlights of Yotta Savings.

To complete our Yotta Savings review, here are some of the downsides of the app:

  • Entirely Mobile – Unfortunately, Yotta Savings is only accessible through its mobile app. Unlike other fintech companies, this does not allow you to access your account on a desktop computer. Good thing though as the app is very easy to use, and does not have major concerns.
  • Average Base Rate – If we are just going to look at the base rate, there are surely other banks and financial institutions that offer higher than that.
  • No Fee-Free ATM Network – As of this writing, Yotta Savings does not have a free ATM network. So, while it does not charge monthly service fees or overdraft fees, customers will have to deal with ATM fee charges instead.
  • Lack of Features – Yotta was created solely for savings. It does not offer any other traditional banking services like checking accounts, certificate of deposit accounts, or retirement accounts.


Yotta Savings is a fintech company that offers savings account as well as an opportunity to win a weekly lottery prize of up to $10 million.

It’s a great option especially for people who love joining lotteries. What’s nice about Yotta is that you don’t lose anything. You earn a ticket for the lottery draw for every $25 deposited to your account.

Given all that Yotta Savings offers, do you think this is the right account for you?

Through this Yotta Savings review, we conclude that Yotta is definitely worth considering, especially for people who want to enjoy the benefit of having a savings account and a chance to win up to a $10 million lottery prize for free.