Bask Bank

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Compare Bask Bank Interest Savings Account accounts

Choose from two savings accounts with solid returns and no minimum balance requirements.

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Bask Bank Interest Savings Account is a small, online bank with just two savings accounts. Both products are solid, with the Interest Savings Account offering an excellent APY. The savings account you choose comes down to which type of reward you want to earn on your deposit.

Bask Bank Interest Savings account

Bask’s Interest savings account offers an impressive 4.25% APY with no balance requirements or deposit requirements. This is one of the highest APYs available on a savings account, thrusting it into consideration as one of the top contenders for savings accounts.

Bask Bank’s APY is quite generous given the lack of minimum deposit required to open the account and lack of account fees. Interest also compounds daily which helps grow your deposit faster.

Bask Bank Mileage Savings account

Bask’s Mileage Savings is a unique take on the traditional savings account. It’s best for American Airlines loyalists who want to earn AAdvantage miles on their savings balance. You’ll earn 1.2 American Airlines AAdvantage miles for every dollar you save and deposit into the account — an unusual perk considering you usually have to spend money with a credit card to earn rewards.

There’s no cap on the number of miles you can earn, so you can watch them build up and rollover into your AAdvantage account each month. The account has no fees or minimum balance requirements, so you’re free to use your funds as you wish.

But it doesn’t earn interest, which is a standard feature found among all savings accounts. Unless you regularly fly with American Airlines, you’ll earn more with Bask Bank’s Interest Savings account.

How does Bask Bank Interest Savings Account compare to other banks?

Bask Bank is smaller than other banks on the market, though has been backed by Texas Capital Bank since 1999.

Bask Bank isn’t a bank that can fulfill all of your banking needs. But the products it does offer are solid or otherwise fulfill an interesting niche.

Pros

  • No minimums. Bask Bank Interest Savings Account products don’t require a minimum deposit or minimum balance to earn interest or rewards.
  • Minimal fees. Bask Bank Interest Savings Account doesn’t charge any account fees for its products.
  • Can earn interest or miles. You can earn up to 4.25% APY with the Bask Interest Savings Account, and Bask’s Mileage Savings Account allows you to accumulate AAdvantage miles for every dollar you deposit into the account. Miles are earned and paid out monthly based on your average monthly balance.

Cons

  • No checking accounts or CDs. Bask Bank Interest Savings Account only offers two savings accounts, so if you were hoping to choose a bank with a wider selection of banking products look elsewhere.
  • Only the interest savings account is strong. After one year of maintaining a balance in a mileage account you can expect to see a return of roughly 1.2 miles per dollar. This is weaker than the 2.20% APY offered by the interest account.
  • Online only. There are no physical branches for Bask Bank Interest Savings Account.
  • No joint accounts. Bask Bank Interest Savings Account doesn’t offer joint accounts.

Compare Bask Bank Interest Savings Account to the competition

Name Product Annual Percentage Yield (APY) Minimum balance to earn interest Minimum deposit to open Offer
Western Alliance Bank High Yield Savings Account through SaveBetter
Finder Rating: 4.9 / 5: ★★★★★
Western Alliance Bank High Yield Savings Account through SaveBetter

4.75%

$0
$1
Get an impressive 4.75% APY, which is 13.5x higher than the national average. All with $0 fees and only a $1 minimum deposit required. FDIC insured.
Lemmata Savings Bank Money Market Account
Finder Rating: 4.6 / 5: ★★★★★
Lemmata Savings Bank Money Market Account

4.55%

$0
$1
Get a competitive 4.55% APY with a $0 monthly fee. Open with as little as $1. FDIC insured.
U.S. Bank Elite Money Market
Finder Rating: 3.9 / 5: ★★★★★
Exclusive
U.S. Bank Elite Money Market

3.50%

0.75%

0.01%

$0
$100
With a tiered interest rate, U.S. Bank Elite Money Market pays you more interest for higher balances. Earn 0.01% APY for balances under $25,000. Earn 3.50% APY for balances up to $499,999.99. Monthly fee is waived for a $10,000+ balance. Member FDIC.
CIT Bank Platinum Savings
Finder Rating: 3.8 / 5: ★★★★★
CIT Bank Platinum Savings

4.40%

0.25%

$0
$100
Earn 4.4% APY on balances of $5,000 or more. Open an account in five minutes or less. Easily manage your account with CIT’s mobile banking app. FDIC insured.
American Express® High Yield Savings Account
Finder Rating: 4.6 / 5: ★★★★★
American Express® High Yield Savings Account

3.75%

$1
$0
Enjoy no monthly fees and a competitive APY with this online-only savings account. Accounts offered by American Express National Bank, Member FDIC.
Cloud Bank 24/7
Finder Rating: 4.3 / 5: ★★★★★
Cloud Bank 24/7

4.48%

$0
$1
Enjoy a 4.48% APY that’s 12x greater than the national average and requires no monthly fees. Open your account for just $1. FDIC insured.
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Bask Bank Interest Savings Account customer service

You can contact Bask Bank customer service in the following ways.

  • Call 833-260-4320 during weekdays from 7 a.m. to 7 p.m. CST, and Saturday from 9 a.m. to 4 p.m. CST.
  • Email customersupport@baskbank.com.

Bottom line

Bask Bank Interest Savings Account is one of the top choices available on the market for savings accounts thanks to its leading 4.25% APY and lack of minimum deposit or balance requirements. However, Bask Bank lacks other products of note, so you’ll need to look elsewhere for your checking or CD needs. You can compare more high-yield accounts to find a bank that best fits your needs.

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