Finder makes money from featured partners, but editorial opinions are our own. Advertiser disclosure

Compare Bask Bank Interest Savings Account accounts

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

No reviews yet. Write a review
Bask Bank
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 5.10% 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 2.5 American Airlines AAdvantage miles for every dollar you deposit into the account — an unusual perk. The miles accrue daily and are awarded monthly, based on your average monthly balance.

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 5.10% 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 accrue daily and are awarded monthly.

Cons

  • No checking accounts. Bask Bank Interest Savings Account only offers two savings accounts and one CDs account, 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 2.5 miles per dollar. This is weaker than the 5.10% APY offered by the interest account.
  • Online only. There are no physical branches for Bask Bank Interest Savings Account.

Compare Bask Bank Interest Savings Account to the competition

{"visibility":"visibilityTable","ctaLabel":"Calculate","tableCode":"savings_calculator_table","nicheCode":"USFSA","fields":[{"name":"PERIOD","value":"1","options":"","label":"Years to save","suffix":"","useSuffixAsPrefix":false,"useDropDownOption":false,"tooltip":""},{"name":"INITIAL_DEPOSIT","value":"1000","options":"","label":"Initial deposit","suffix":"$","useSuffixAsPrefix":true,"useDropDownOption":false,"tooltip":"Select Calculate to see your estimated total balance based on the current APY for each product below"}]}
1 - 6 of 30
Name Product Account type Annual Percentage Yield (APY) FDIC or NCUA insured amount Minimum balance to earn interest Minimum deposit to open Offer Estimated total balance
SoFi Checking and Savings
Finder Score: 4.6 / 5: ★★★★★
Bonus
SoFi Checking and Savings
Traditional savings,Checking

4.60%

0.50%

1.20%

Up to $250,000
$0
$0
Get up to $300 cash bonus with qualifying direct deposit. Terms apply. This offer is available until December 31, 2024.
$1,046
Barclays Online Savings
Finder Score: 4.3 / 5: ★★★★★
Bonus
Barclays Online Savings
Traditional savings

4.35%

Up to $250,000
$0
$0
$1,043.50
Primis Savings account
Finder Score: 4.8 / 5: ★★★★★
Primis Savings account
Traditional savings

5.07%

Up to $2 million
$0
$1
$1,050.70
Step Black Card
Finder Score: 4.3 / 5: ★★★★★
Step Black Card
Savings app

5.00%

Up to $1 million
$0
$0
$1,050
Bask Bank Interest Savings Account
Finder Score: 4.6 / 5: ★★★★★
Bask Bank Interest Savings Account
Traditional savings

5.10%

Up to $250,000
$0
$0
$1,051
Cash App Savings
Finder Score: 4.4 / 5: ★★★★★
Cash App Savings
Savings app

4.50%

1.50%

Up to $250,000
$0
$1
$1,045
loading

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 5.10% 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 needs. You can compare more high-yield accounts to find a bank that best fits your needs.

More guides on Finder

Ask a Question

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Go to site