Bask Bank Review 2025
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Edited by
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At a glance
Overview
The digital subsidiary of Texas Capital Bank, Bask Bank is best for customers comfortable banking solely online, and those looking to store their cash in a savings account or certificate of deposit (CD) that earns a high yield. Bask Bank also offers an interest checking account and a rewards-based savings account that earns American Airlines miles.
Highlights:
High APY Top CD RatesHighlights:
CDs
Checking
Savings
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
These are sponsored offers rated highly by us for competitive rates, fees, and minimums.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.1/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Overall
Bask Bank’s high-yield savings account and interest checking account have no monthly fees or minimum balance requirements. The online bank also offers six terms of CDs that earn competitive yields, although you’ll need to look elsewhere for terms longer than two years.
Pros
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Bask Bank pays a competitive yield on its Interest Savings and Interest Checking accounts.
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Yields on CDs are also competitive.
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Bask Bank charges few fees.
Cons
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Customers have 10 business days to fund a new CD, and 15 business days to fund a new checking or savings account, or else the bank may close the accounts.
Bask Bank products
Bask Bank Interest Savings Account
Pros
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Bask Bank’s Interest Savings Account, which is the one we scored, offers a competitive yield.
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There are no monthly account fees.
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There is no minimum balance requirement.
Cons
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Your account may be closed if not funded within 15 days.
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There are online transfer limits, which vary depending on your banking relationship and account activity at Bask Bank.
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Neither of Bask Bank’s two savings accounts come with ATM access.
The Interest Savings account doesn’t come with an ATM card so you’ll need to transfer money either to your Bask checking account, if you have one, or to an external account. You can also perform a wire transfer. To deposit money, you can use these methods as well as mobile check deposit or direct deposit of your paycheck.
The bank also has a Mileage Savings Account, which we didn’t score, that allows you to earn two American Airlines miles for every $1 saved annually.
Rate history for Bask Bank's Savings account
See how rates for this account have changed over time. Interact with the trend lines to view APY by date.
Bask Bank CD
Pros
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Bask Bank offers competitive yields on all of its CDs.
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Bask Bank’s minimum opening deposit is the same as or lower than some banks.
Cons
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Bask Bank doesn’t offer terms longer than two years.
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Bask Bank doesn’t offer any specialty CDs, such as a no-penalty CD.
Bask Bank offers six terms of CDs, all of which earn high rates, but it’s not a great place for building a CD ladder because there are no terms longer than two years. The early withdrawal penalties are generally in line with what many other banks charge. For instance, if you need to withdraw your funds early from a one-year CD, Bask Bank will charge you 90 days’ worth of interest.
Rate history for Bask Bank's CD accounts
See how rates for this account have changed over time. Select the CD term length from the dropdown and interact with the trend lines to view APY by date.
Bask Bank Interest Checking Account
Pros
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Bask Bank’s Interest Checking account earns a competitive yield for a checking account.
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There are no monthly account fees.
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Customers get a debit card and access to more than 55,000 ATMs through the Allpoint network.
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The bank sometimes has promotions, including cash bonuses if you complete certain qualifying activities.
Cons
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Accounts may be closed if not funded within 90 days.
Keeping your money in this account means all your money will be working hard for you, not just what you can put in savings. Plus, the account doesn’t charge overdraft fees, NSF fees or stop payment fees.
Bask Bank pays high rates across all of its accounts, and that includes checking.
You earn a competitive yield on your whole balance and you don’t have to meet any requirements to get that rate — not something you often find with interest checking accounts.
How Bask Bank compares to other banks
Compare different account types offered by Bask Bank. Annual percentage yields (APYs) shown were updated between Nov. 14, 2024 and Nov. 20, 2024.
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Selected bank
Bask Bank savings account
Bankrate score
4.5
Bankrate Savings rating = 4.5/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. |
Most comparable
Citizens Bank savings account
Bankrate score
2.5
Bankrate Savings rating = 2.5/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. |
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Bankrate score
Bankrate Savings rating Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. |
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APY
APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs last updated between Nov. 27, 2025 and Dec. 3, 2025.
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| 3.90% | 0.01% | |
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Minimum balance for APY
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| $1.00 | $0.00 | |
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Estimated earnings
Interest earned calculation based on a $50,000 deposit amount for a period of 1 year and is rounded to the nearest dollar. Exact earnings are dependent on calendar year, balance, and compounding frequency. Minimum deposit rules may apply.
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| $1,950 | $5 | |
| Bask Bank’s Interest Savings Account earns a competitive APY, with no minimum balance requirement or monthly fees. The bank also offers a Mileage Savings Account, which allows you to earn American Airlines miles as rewards for saving money in the account. | Citizens Bank offers three savings accounts. The base account, scored for this section, is the One Deposit Savings account, which can be opened without a deposit, though you can avoid the $4.99 monthly maintenance fee by making one deposit every month. For customers under age 25 or 65 and older, the account is free of a monthly fee. The One Deposit Savings account offers a rock-bottom APY; you can easily find higher yields elsewhere. Those looking for higher rates may wish to consider an online bank, like Citizens Access, the online-only division of Citizens Bank. See more details about Citizens Bank savings account offerings. | |
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APY offering:
3.90%
4/5
APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest.
Minimum balance for APY:
$1.00
5/5
The lowest deposit amount an account must have before it can earn interest.
Monthly service fee:
$0.00
5/5
A monthly charge a financial institution deducts from an account if certain requirements are not met.
Minimum balance to avoid fee:
$0.00
5/5
The lowest balance an account must maintain in order to avoid a fee.
Access to funds:
Great
5/5
A procedure that allows an individual or organization to access and manage the funds of another account holder.
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Bankrate does not currently track additional product details for this bank.
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APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest.
The lowest deposit amount an account must have before it can earn interest.
A monthly charge a financial institution deducts from an account if certain requirements are not met.
The lowest balance an account must maintain in order to avoid a fee.
A procedure that allows an individual or organization to access and manage the funds of another account holder.
Bankrate does not currently track additional product details for this bank.
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Bank fees
| Fee | Charged? | |
|---|---|---|
| Overdraft fee | None | |
| Non-sufficient funds fee | None | |
| Monthly maintenance fee | None | |
| Out-of-network ATM fee | None | |
| Excessive transaction fee | None |
Customer experience
Customer service. Bask Bank offers phone customer service hours six days a week: 7 a.m. to 7 p.m. Central time from Monday through Friday and 9 a.m. to 4 p.m. on Saturday. Both customers and non-customers can also submit messages online to receive a response from a customer support agent.
Digital experience. Bask Bank’s mobile app scored highly both for iOS and Android. Upon logging into your account, you can view available balances for your accounts with Bask Bank as well as any interest earned to date. You can also set up real-time transaction notifications and move funds between your accounts.
Website transparency: Bask Bank’s website makes it easy to find account information, such as rates and fees, and has a robust FAQ section. You can also easily find the bank’s contact information and hours of customer service.
The above images were last updated on Dec. 11, 2023.
Bankrate staff insight
“The reason I chose Bask Bank over others was that they had a highly competitive interest rate that has yielded way more than my traditional brick-and-mortar bank has offered in years,” said a Bankrate staff member with a Bask Bank account.
Disclosure: To enhance our product reviews, Bankrate employees often open accounts and provide feedback. They may have been compensated for their time and account maintenance, but this does not affect the integrity of their review.
About Bask Bank
Bask Bank is an online bank that got its start in January 2020 and is a division of Texas Capital Bank. Bask Bank offers two types of savings accounts: one that earns a competitive yield and another that earns American Airlines miles. Bask Bank also offers an interest checking account and six terms of CDs.
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Review methodology
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.
