Bask Bank Review 2023
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At a glance

CDs
Savings
About Bankrate Score
Overview
Bask Bank is best for consumers looking for a savings account that earns a competitive yield, requires no minimum balance and charges no monthly maintenance fee.
Highlights
- High APY

Bankrate Savings rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

Bankrate Savings rating = 4.7/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

Bankrate Savings rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Overall
Bask Bank is an online bank that offers one savings account that earns interest and another that earns American Airlines miles. It also offers four terms of CDs.
Pros
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Bask Bank pays one of the highest APYs on its Interest Savings Account.
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Bask Bank offers a rare opportunity to earn miles with its Mileage Savings Account.
Cons
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Bask Bank doesn’t offer a checking or money market account.
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The Interest Savings Account has been offered only since February 2022, so it’s unproven whether a consistently high yield will be offered.
Bask Bank bank products
Bask Bank savings overview
Bask Bank also offers a Mileage Savings Account, which allows account holders to earn American Airlines miles, based on the monthly balance.
Bask Bank charges a $35 outgoing wire transfer fee — at the top end of what most banks charge for domestic wire transfer fees.
Pros
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The Interest Savings Account pays one of the highest yields available.
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The Mileage Savings Account offers customers a rare opportunity to earn miles with a savings account.
Cons
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Whether Bask Bank continues to offer highly competitive yields remains to be seen, since it just started offering an interest savings account in February 2022.
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Known customers can only transfer a maximum of $150,000 per transaction, $250,000 per day and $300,000 per month via online transfers. New customers have online transfer limits of $100,000 per transaction and per day and $150,000 in a month.

Bankrate Savings rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bank experience
Bask Bank offers phone customer service hours six days a week: 7 a.m. to 7 p.m. Central time, Monday-Friday, and 9 a.m. to 4 p.m., Saturday.
During Bankrate’s review, the Bask Bank mobile app had a score of 3.6 out of 5 from iOS users in the Apple App Store, while the Android version had 3.2 stars on Google Play.
About Bask Bank
Bask Bank is an online bank that offers two types of savings accounts: one that earns a competitive annual percentage yield and another that earns American Airlines miles. Bask Bank got its start in January 2020 and is a division of Texas Capital Bank.
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.