Bask Bank, a division of Texas Capital Bank

logo for Bask Bank, a division of Texas Capital Bank
Deposit Rates APY Vs.Others
Savings 5.10% 5.55% →
1-Year CD 5.30% 5.41% →
2-Year CD 4.75% 4.95% →
3-Year CD N.A. 5.00% →
4-Year CD N.A. 4.55% →
5-Year CD N.A. 4.55% →

2024 Overview

General Online Bank Information

Money that you deposit is held by Texas Capital Bank. Texas Capital Bank is an FDIC insured institution founded in 1997. It has approximately $28.31 billion in assets.

Deposits FDIC Insured Yes
Insured Bank Texas Capital Bank
FDIC Certificate # 34383
Date Established 1997
Assets $28.31 billion
Loans $20.13 billion
Deposits $22.67 billion
Capital $3.3 billion

For a more detailed analysis of Texas Capital Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - June 24, 2024

Online Savings and Money Market Rates
Online Savings and Money Market Rates APY MIN MAX
Interest Savings Account
5.10% $0 - Learn More
Online CD Rates
Online CD Rates APY MIN MAX
6 MONTH
5.35% $1,000 - Learn More
12 MONTH
5.30% $1,000 - Learn More
18 MONTH
5.00% $1,000 - Learn More
24 MONTH
4.75% $1,000 - Learn More

Bank Offers

Bask's Interest Savings Account Rate is now 0.80% APY
Apr 2, 2022

Bask raised its interest savings account rate from 0.70% to 0.80% APY.


Bask Raises Its Online Savings Rate to 1.25%
May 5, 2022

This is the point where long-time account holders of Bask's AAdvantage program may want to start to seriously thinking about switching over the cash interest.


Bask Bank Raises Online Savings to 2.02% APY
Jul 20, 2022

Bask has raised its online savings rate to 2.02% APY.   As of this moment, this is the highest nationally available online savings rate.


Bank Bank increases Its Online Savings Rate to 2.20% APY
Aug 16, 2022

Bask has raised its online savings rate again.


Bask Bank Raises Online Savings to 2.53% APY
Sep 12, 2022

Bask has raised its online savings rate by 33 BPS on September 12, 2022.


Bask Bank Raises Its Online Savings Rate to 2.75%
Sep 22, 2022

Bask Bank has raised its online savings rate from 2.53% to 2.75% in the aftermath of the Fed's move to raise the Fed Funds over 3%.


Bask Bank Raises Its Online Savings Rate to 3.05%
Oct 13, 2022

The bank has raised its online savings rate from 2.75% to 3.05% APY this morning.


Bask Bank's Online Savings Rate is Now 3.60% APY; CDs also Raised
Nov 4, 2022

Bask has raised its online rate to 3.60%.   Its 6-month CD is at 4.00% and its 12-month CD is at 4.10%.


Bask Bank Raises Its Online Savings Rate to 3.85%
Nov 30, 2022

Bask Bank has raised its online savings rate from 3.60% to 3.85% APY today.


Bask Bank Raises Its Online Savings Rate to 4.03% APY
Dec 13, 2022

Bask Bank has raised its online savings rate to 4.03% APY this morning.   It had previously been at 3.85%.


Bask Bank Raises Online Savings to 4.25% APY
Feb 4, 2023

Bask Bank's rate had previously stood at 4.15% APY.

Bask Bank also raised its 6-month and 12-month CD rate to 4.45% and 4.55%, respectively.


Bask Bank Raises Online Savings Rate to 4.35% APY
Mar 13, 2023

Bask Bank has raised its online savings rate by 10 basis points today.


Bask Bank Raises Interest Savings Rate to 4.45% APY
Mar 20, 2023

Bask raised its interest savings rate today by 10 basis points to 4.45% APY.

It also raised its 6-month and 12-month CD rates to 4.85% APY and 4.70% APY, respectively. 

 


Bask Bank Raises Interest Savings Rate to 4.65% APY
Apr 12, 2023

Bask has raised its online savings rate by 20 basis points today.


Bask Raises Its Online Interest Savings Account by 10 basis points to 4.75% APY
Apr 27, 2023

Bask has raised its interest savings account to 4.75% APY.

Even for those valuing American Airlines miles highly, this rate is more superior to earning 2 AA miles per dollar per year in its mileage savings account.


Bask Bank Raises Interest Savings Rate to 5.00% APY
Jul 31, 2023

Bask Bank has raised its interest savings rate from 4.85% to 5.00% APY.

Bask's mileage savings program now offers 2.50 AA miles per year per dollar on deposit, and offers a 20,000 point bonus for $50,000 on deposit for more than 180 days.


Bask Bank Raises Its Online Interest Savings Account by 10 basis points to 5.10% APY
Oct 18, 2023

Bask continues to be a rate leader on the savings side and now offers an online rate slightly above many other well-known online banks.




Climate Policy and Initiatives

Parent Bank Initiatives:

Texas Capital Bank is a significant funding source for the oil and gas industry and has no climate action plan.

Updated April 3, 2024

Bask Bank, a division of Texas Capital Bank Climate Score: D

Bask Bank, a division of Texas Capital Bank Climate Score Info: In spite of its location in Austin, the bank has not financed any renewable energy project, has no climate action plan and remains a significant funding source for the oil and gas industry.


Bask Bank, a division of Texas Capital Bank Articles

View all articles with Bask Bank, a division of Texas Capital Bank →


Customer Reviews for Bask Bank, a division of Texas Capital Bank


  • April 20, 2024 |

    Savings Rates

    Save your tears for another day. Very frustrating. 1-star.

  • August 25, 2023 |

    Savings Rates

    I always appreciated Bask Bank for the instant transfers out and the immediate credit when transferring in. Recently, transfers in on a Thursday aren't credited until the following Monday, even though the money is drawn. I may go somewhere else.

  • April 27, 2023 |

    Savings Rates

    I finally transitioned from the American miles earning account to the interest savings product. The savings rate became so high that it made sense, even vs 2 miles per $. I had been very happy with Bask already as a mileage account and am happy as an interest account. The transition was not seemless (needed to call). That is my only complaint and since it doesn't affect most I give it 5.

  • April 3, 2023 |

    Savings Rates

    I've been with Bask for a long time now. I first opened with them before the pandemic to earn American miles instead of a low rate. I continued through the pandemic and racked up enough American miles to meet all of me and my wife's travel needs for the next decade. Moved over to the savings account a couple months ago as rates began climbing. Never a problem or even a concern. Now planning to take out a CD with them. I'd recommend it to anyone.

  • March 2, 2023 |

    Savings Rates

    Best bank on the list. By a country mile.


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