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
- Top CD Rates
Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear.

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

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

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 = 4.9/5
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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Your account may be closed if you don’t fund your CD within 10 business days or if you don’t deposit money into a Bask savings account within 15 business days.
Bask Bank banking products
Bask Bank savings overview
Its Interest Savings Account offers customers a very competitive yield, has no minimum balance requirements and charges no monthly service fee. An initial deposit must be made within 15 days to keep the account open.
Bask Bank also offers a Mileage Savings Account, which allows account holders to earn American Airlines miles, based on the monthly balance.
Bask Bank savings accounts are limited to six withdrawals or transfers per statement cycle. 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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Bask Bank offers a unique savings account for earning miles.
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Bask Bank’s Interest Savings Account offers a top-tier yield.
Cons
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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.
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You can only have one mileage savings account and one interest savings account at Bask Bank.
Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear.

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 = 4.7/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bank fees
Fee | Charged? | |
---|---|---|
Overdraft fee | None | |
Non-sufficient funds fee | None | |
Monthly maintenance fees | None | |
Out-of-network ATM fee | N/A | |
Excessive transaction fee | None |
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.
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.
How Bask compares to other banks
Bask Bank vs. Ally Bank
Ally Bank offers more CD types and terms. It also gives customers more products by offering a checking account, a money market account and a no-penalty CD. But Bask Bank is known to pay a higher yield on its savings account and has a savings account that allows you to earn miles. Bask Bank could be the right bank for you if those accounts/features are what you’re looking for in a bank.
Bask Bank FAQs
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.