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Bask Bank Review 2024

Updated July 25, 2024
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At a glance

4.7
Rating: 4.7 stars out of 5
Bankrate Score
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CDs

Rating: 4.4 stars out of 5

Checking

Rating: 4.8 stars out of 5

Savings

Rating: 5 stars out of 5

About Bankrate Score

Overview

The digital subsidiary of Texas Capital Bank, Bask Bank is best for customers comfortable solely banking online, and those looking to store their cash in a savings account or certificate of deposit (CD) that earns a high yield. And with the recent addition of a checking account with a stellar yield, Bask Bank is now a good option if you’re looking to consolidate your finances under one roof.

Highlights

  • High APY
  • Top CD Rates
Sponsored offers
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These are sponsored offers rated highly by us for competitive rates, fees, and minimums.

Bank logo
Member FDIC
Savings Account
3.90
%
APY
APY
Info Icon
As of 12/5/2024
Rating: 4.4 stars out of 5
$0
Min. balance for APY
View offer Arrow Right Icon
Promoted offer:
Bank logo
Member FDIC
Savings Account
3.90
%
APY
APY
Info Icon
As of 12/5/2024
Rating: 4.2 stars out of 5
$0
Min. balance for APY
View offer Arrow Right Icon
Promoted offer:
Bank logo
Member FDIC
Savings Account
3.90
%
APY
APY
Info Icon
As of 12/5/2024
Rating: 4.4 stars out of 5
$0
Min. balance for APY
View offer Arrow Right Icon
Promoted offer: It only takes about 5 minutes to open a fee-free account.

Overall

Bask Bank is an online bank that offers a high-yield savings account that earns interest and another rewards-based savings account that earns American Airlines miles. It also offers six terms of CDs ranging from three to 24 months.

Pros

  • Checkmark Icon

    Bask Bank pays a competitive yield on its Interest Savings and Interest Checking accounts.

  • Checkmark Icon

    Yields on CDs are also competitive.

  • Checkmark Icon

    Bask Bank charges few fees.

Cons

  • Bask Bank doesn’t offer a money market account.

  • Your CD may be closed if you don’t fund it within 10 business days, or if you don’t deposit money into a Bask savings account within 15 business days.

CTA We want to know what you think about Bask Bank

We want to know what you think about Bask Bank

Do you have experience with Bask Bank? Let us know your thoughts.

Bask Bank banking products

5.0
/5
Rating: 5 stars out of 5
SCORE BREAKDOWN
APY offering:
4.65%
Rating: 5 stars out of 5
5/5
Info Icon
Minimum balance for APY:
$0.00
Rating: 5 stars out of 5
5/5
Info Icon
Monthly service fee:
$0.00
Rating: 5 stars out of 5
5/5
Info Icon
Minimum balance to avoid fee:
$0.00
Rating: 5 stars out of 5
5/5
Info Icon
Access to funds:
Great
Rating: 5 stars out of 5
5/5
Info Icon
FEATURES
Invest Rate Icon
4.65% APY
Info Icon
Savings Icon
$0 minimum balance for APY
Loan Icon
$0 minimum deposit to open

Bask Bank savings overview

Bask Bank offers two savings accounts: the Bank Interest Savings Account and the Bask Mileage Savings Account.

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 charges a $35 outgoing wire transfer fee — at the top end of what most banks charge for domestic wire transfer fees.You’re limited to having one single Mileage Savings account. But you can have two single Interest Savings accounts and two joint Interest Savings accounts.

Pros

  • Checkmark Icon

    Bask Bank’s Interest Savings Account offers a competitive yield.

  • Checkmark Icon

    There are no monthly account fees.

  • Checkmark Icon

    There is no minimum balance requirement.

Cons

  • Your account may be closed if not funded within 15 days.

  • There are online transfer limits, which vary depending on your banking relationship and account activity at Bask Bank.

  • See how rates for this account have changed over time. Interact with the trend lines to view APY by date.

    Bask Bank
    APY
    APY
    Info Icon
    National average APY
    How do we get this data?
    Info Icon

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

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.

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.

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Bankrate staff insights

“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.

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The above images were last updated on Dec. 11, 2023.

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. Bask Bank also offers four terms of CDs.

How Bask compares to other banks

Compare different account types offered by Bask Bank. Annual percentage yields (APYs) shown were updated between Nov. 28, 2024 and Dec. 4, 2024.

Selected bank
Bask Bank savings account
Bask Bank Logo
Member FDIC
Bankrate score
Rating: 5 stars out of 5
5.0
Info Icon
Most comparable
Citizens Access savings account
Citizens Access Logo
Member FDIC
Bankrate score
Rating: 4.4 stars out of 5
4.4
Info Icon
Read review
Search for or select a bank:
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Bankrate score
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Read review
APY
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4.65% 3.90%
Minimum balance for APY
$0.00 $0.00
Estimated earnings
Info Icon
$2,325 $1,950
Bask Bank’s Interest Savings Account earns a highly 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, based on your monthly balance. Citizens Access offers a high-yield savings account with a minimum opening deposit of just one cent. This online bank doesn’t charge monthly service fees and offers a highly rated mobile app.
  • Bask Bank’s Interest Savings Account earns a top-notch yield.
  • The Interest Savings Account doesn’t charge a maintenance fee or require a set minimum balance.
  • Citizens Access’ savings account earns a competitive yield.
  • The account charges no monthly fee and requires just a penny to open.
    N/A
  • Bask charges $35 per outgoing wire transfer, which is steep compared to other banks.
  • Neither savings account comes with ATM access.
  • ATM access to this account is not provided.
  • As an online-only bank, Citizens Access may not be the best choice for those who prefer branch access.
    N/A
APY offering:
4.65%
5/5
Info Icon
Minimum balance for APY:
$0.00
5/5
Info Icon
Monthly service fee:
$0.00
5/5
Info Icon
Minimum balance to avoid fee:
$0.00
5/5
Info Icon
Access to funds:
Great
5/5
Info Icon
APY offering:
3.90%
4/5
Info Icon
Minimum balance for APY:
$0.00
5/5
Info Icon
Monthly service fee:
$0.00
5/5
Info Icon
Minimum balance to avoid fee:
$0.00
5/5
Info Icon
Access to funds:
Good
4/5
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Info Icon
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Bankrate does not currently track additional product details for this bank.

Bask Bank FAQs

Review methodology

With so many financial institutions to choose from, it can be hard to know who to trust. Bankrate’s ever-growing list of bank and credit union reviews is updated regularly. Our editorial team analyzes and reviews each institution across deposit products such as savings accounts, checking accounts, certificates of deposit (CDs) and money market accounts (MMAs). Banks are rated by important factors such as offered interest rates, fees, minimum balance requirements, access to funds and more.

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.

Bask Bank customer reviews

CTA Bask Bank has 20 reviews

Bask Bank has 20 reviews

Dive into community reviews below and see what others think about Bask Bank.

3.7 Star Icon
20 ratings
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Score breakdown
5 stars
20%
4 stars
60%
3 stars
0%
2 stars
5%
1 star
15%
Score by category
Overall Rating 3.7 / 5
Competitiveness of APY 3.7 / 5
Amount of fees 3.7 / 5
Customer support 3.6 / 5
Website / Mobile app 3.7 / 5
Verified Badge Icon Bankrate methodology disclosure

In July 2024, Bankrate collaborated with a third-party vendor to survey 1,200 bank account holders nationwide. Bankrate and our vendor collected and summarized account holder responses to five rating questions on a 5-point scale as well as open-ended reviews of the banking experience. Responses are based on individual account holder product details, and therefore cannot be verified for accuracy. Reviewers received an incentive for their feedback. Their ratings are unedited and have not been reviewed or approved by the associated bank or credit union, nor do these responses reflect Bankrate's own expert review of these banking products.

Community Reviews

See what users like you are saying about Bask Bank.
Search Icon
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Great bank for doing business. Overall it's a great bank.
Score by category
Amount of fees 4 / 5
Competitiveness of APY 4 / 5
Customer support 4 / 5
Website / Mobile app 4 / 5
This bank is amazing. Gets the job done, your money is safe and you can invest really easy.
Score by category
Amount of fees 4 / 5
Competitiveness of APY 4 / 5
Customer support 4 / 5
Website / Mobile app 3 / 5
High quality services and good cost with flexibility of all payments. It is the best services I've chosen because it has many facilities and flexibility in which I can easy use.
Score by category
Amount of fees 3 / 5
Competitiveness of APY 3 / 5
Customer support 3 / 5
Website / Mobile app 4 / 5
The most important aspect is having my ney saved in a saving account. Bask bank is very good, great service provided and long term customer support.
Score by category
Amount of fees 4 / 5
Competitiveness of APY 4 / 5
Customer support 3 / 5
Website / Mobile app 5 / 5
The most important aspect to consider is its high-yield interest rates on deposits. Bask Bank offers competitive interest rates on deposits, which can significantly increase the return on your savings compared to traditional checking accounts.
Score by category
Amount of fees 2 / 5
Competitiveness of APY 2 / 5
Customer support 2 / 5
Website / Mobile app 2 / 5
Everything is there. Accurate work fine. Heard about it from others.
Score by category
Amount of fees 3 / 5
Competitiveness of APY 3 / 5
Customer support 4 / 5
Website / Mobile app 3 / 5
Quality customer service. It was fantastic.
Score by category
Amount of fees 4 / 5
Competitiveness of APY 4 / 5
Customer support 4 / 5
Website / Mobile app 4 / 5
People should know that this bank has great and amazing rates for things. I love the atmosphere and the friendly nature and employees.
Score by category
Amount of fees 4 / 5
Competitiveness of APY 4 / 5
Customer support 4 / 5
Website / Mobile app 2 / 5
Good interest rate, free banking.
Score by category
Amount of fees 5 / 5
Competitiveness of APY 5 / 5
Customer support 5 / 5
Website / Mobile app 5 / 5
Experience overall was great sometimes. They have free checking no overdraft fees.
Score by category
Amount of fees 3 / 5
Competitiveness of APY 3 / 5
Customer support 2 / 5
Website / Mobile app 3 / 5