Bask Bank is an online-only bank backed by Texas Capital Bank in Dallas. It focuses on low-cost savings products with very high interest rates. Its checking, savings, and CD options all bring competitive earnings to your stored funds.
Bask Bank presents a distinctive feature that's particularly beneficial for globetrotters. Here's a rundown of what you should be aware of regarding Bask Bank.
All rates and fees are current as of Nov. 6, 2025, and are subject to change.
Bask Bank
Bask Bank
| Checking account | Earn 1.00% APY |
| Savings account | Earn 3.90% APY |
| Certificates of deposit | Earn up to 4.00% APY |
at MoneyLion
- Year Founded: 1999
- Company Headquarters: Dallas, TX
Who is Bask Bank good for?
Bask Bank’s products are hyper-focused on high APYs. You’ll earn interest on all levels of banking, from checking to savings to certificates of deposit (CDs). If you want to ensure that you’re constantly making money from your deposit accounts, no matter which account you transfer it to, Bask Bank could be an enticing option.
Bask Bank can also be an incredible option for those who value American Airlines miles. It offers a savings account specifically designed to accrue AA miles based on your account balance.
Who shouldn’t use Bask Bank?
Currently, Bask Bank doesn't offer a comprehensive range of banking services, including money market accounts, loans, mortgages, or IRAs, making it less suitable for those seeking a single institution to fulfill diverse financial requirements.
Pros
- No monthly account fees
- Offers an American Airlines mileage program through a savings account
- Competitive APY on deposit accounts
Cons
- Some competitors offer higher checking account interest rates
- Does not have other banking products such as loans, mortgages, or credit cards
- No brick-and-mortar locations
Bank details checked Nov. 6, 2025.
Bask Bank rates and products
Bask Bank provides a variety of online banking options, including an interest-earning checking account, several high-yield savings accounts, and a limited range of CD durations.
There are no monthly fees or minimum balance required with these accounts.
| Account | Return rate |
|---|---|
| Checking account | 1.00% |
| Savings account | 4.05% |
| Mileage savings account | 1.75 AA miles per dollar saved annually |
| CDs | 4.10% |
| Checking account | |
|---|---|
| Return rate | 1.00% |
| Savings account | |
| Return rate | 4.05% |
| Mileage savings account | |
| Return rate | 1.75 AA miles per dollar saved annually |
| CDs | |
| Return rate | 4.10% |
Bank details checked Nov. 6, 2025.
Checking account
Bask Bank provides a free checking account that requires no initial deposit and no ongoing balance maintenance. It yields a solid 1.00% APY, significantly surpassing the national average of 0.07% for checking accounts that accrue interest.
Bask Bank requires you to deposit funds into your account within 15 days, otherwise, they will close it, though there's no minimum balance needed.
Customers who open a Bask Interest Checking account between Nov. 1, 2025 and Jan. 31, 2026 may be able to earn up to a $300 cash bonus and get a 3.00% APY boost. Terms apply, qualifying activities required.
Bank details checked Nov. 6, 2025.
Savings accounts
Bask Bank offers two distinct savings accounts: one that accrues interest and another that rewards users with American Airlines miles. Both options come without any monthly service charges or minimum balance stipulations.
Bank details checked Nov. 6, 2025.
High-yield Savings Account
Bask Bank has one savings account that earns 3.90% APY, which is among the best rates on the market. There are no tiered earning rates and no monthly fees, making it great for someone who can’t be bothered jumping through monthly hoops.
Mileage Savings Account
With Bask Bank's Mileage Savings account, you'll get 1.75 American Airlines miles for every dollar you save annually. For instance, maintaining an average of $40,000 in your savings account would earn you 70,000 American Airlines miles.
Depending on how you use your miles, 70,000 American Airlines miles could be a considerably better deal than the cash you’d earn by keeping your savings in a high-yield interest-bearing account. For example, you might be able to book a one-way business class flight to Europe for 70,000 miles, as of this writing—while the same flight might cost around $2,500 if purchased without the rewards.
Bank details checked Nov. 6, 2025.
CDs
Bask Bank CDs are available in six durations, spanning three months up to two years. They offer very competitive interest rates, with annual percentage yields (APYs) between 3.65% and 4.00%. It's worth noting that Bask Bank exclusively provides standard certificates of deposit; for options like no-penalty, bump-up, or IRA CD, you'll have to search other institutions.
To keep your CD open, you'll need to fund it with a minimum of $1,000 within the first 10 business days after account creation. Failure to do so will result in the account's automatic closure.
Bank details checked Nov. 6, 2025.
Bask Bank CD rates
| Term length | APY |
|---|---|
| 3 months | 4.00% |
| 6 months | 3.95% |
| 9 months | 3.95% |
| 12 months | 3.85% |
| 18 months | 3.75% |
| 24 months | 3.65% |
| 3 months | |
|---|---|
| APY | 4.00% |
| 6 months | |
| APY | 3.95% |
| 9 months | |
| APY | 3.95% |
| 12 months | |
| APY | 3.85% |
| 18 months | |
| APY | 3.75% |
| 24 months | |
| APY | 3.65% |
Bank details checked Nov. 6, 2025.
Other services Bask Bank offers
Bask Bank currently does not offer any other banking service aside from its checking account, two savings accounts, and CDs.
Online banking
With Bask Bank, you get a comprehensive online banking service that lets you customize your homepage's displayed accounts, send secure messages to staff, retrieve account statements, schedule and initiate recurring transfers, and access other features.
The Bask Bank platform and customer support
Bask Bank operates exclusively online, requiring customers to manage their accounts through its website or mobile application. This app, available at no cost, boasts a 4.7-star rating on the Apple App Store and a 4.5-star rating on Google Play, based on numerous customer reviews.
You can contact a Bask Bank representative via phone at 833-260-4320 during weekdays from 7 a.m. To 7 p.m. And on Saturdays from 9 a.m. To 4 p.m. Central Time. Additionally, Bask Bank provides an online form for requests and a secure messaging option for current customers.
Is Bask Bank secure?
As you’d expect, Bask Bank takes measures to protect your sensitive information, including a host of notifications and alerts, two-factor authentication, account monitoring, online privacy protection, and more.
Bask Bank is also covered by FDIC insurance, ensuring your deposits are protected up to $250,000 per depositor, per ownership category, should the bank cease operations.
Bask Bank user reviews
Customer feedback for financial services often leans negative, as dissatisfied clients are usually more vocal than those with a smooth experience. Considering this, Bask bank's reviews are quite positive. It holds a 2.4 score on Trustpilot, which is significantly higher than that of numerous other banks.
Complaints center on programming difficulties and a faulty website, though some commend the bank's attractive savings yields and straightforward account establishment.
Forum users, including those on Reddit, have noted efficient money transfers and attractive APYs, though they also mention a less-than-intuitive app and sporadic technical glitches.
Compare Bask Bank to alternatives
Consider Alliant Credit Union or Quontic Bank if you’re seeking high yields but don’t feel Bask Bank is quite a fit for your needs.
 Bask Bank |  Alliant Credit Union |  Quontic Bank |
|---|---|---|
| Top savings APY | Top savings APY | Top savings APY |
| 3.95% | 3.10% | 3.75% |
| Top checking APY | Top checking APY | Top checking APY |
| 1.00% | 0.25% | 1.10% |
| Top CD APY | Top CD APY | Top CD APY |
| 4.00% | 4.10% | 3.85% |
| Learn more | Learn more | Learn more |
| View offer at MoneyLion | View offer at MoneyLion | View offer at Quontic |
Bank details checked Nov. 6, 2025.
Is Bask Bank right for you?
For those seeking to deposit funds into a savings account or CD without fees, offering some of the market's top rates, Bask Bank presents a solid choice. It could also be a suitable alternative for individuals who prefer accumulating American Airlines miles over earning monetary interest.
Beyond a basic checking account, the bank provides no additional services. Lacking any loan or credit offerings, you'd be better served by a different financial provider if you require a comprehensive selection of products.
Frequently asked questions
Yes, Bask Bank is a legitimate financial institution.
Yes, Bask Bank is a division of Texas Capital Bank, a federally regulated financial institution based in Dallas. Bask Bank is also federally insured by the FDIC, so your deposits are covered for up to $250,000 per depositor and account in the event of failure.
Is Bask Bank FDIC-insured?
Yes, Bask Bank is FDIC-insured up to $250,000 per account holder per ownership category.
Bask Bank does not impose monthly service charges.
Bask Bank offers a checking or savings account without monthly maintenance fees, presenting an excellent choice for those seeking a no-cost banking solution.
There is no minimum deposit needed to open a Bask Bank account.
Bask Bank doesn't require a minimum deposit for its checking or savings accounts, though a $1,000 deposit is necessary to open a CD.