Bask Bank
2023 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 $28.95 billion in assets.| Deposits FDIC Insured | Yes |
| Insured Bank | Texas Capital Bank |
| FDIC Certificate # | 34383 |
| Date Established | 1997 |
| Assets | $28.95 billion |
| Loans | $21.12 billion |
| Deposits | $23.48 billion |
| Capital | $3.28 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 - November 28, 2023
| Online Savings and Money Market Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Interest Savings Account
|
5.10% | $0 | - |
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|
| Online CD Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 MONTH
|
5.55% | $1,000 | - |
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|
| 12 MONTH
|
5.60% | $1,000 | - |
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|
| 18 MONTH
|
4.50% | $1,000 | - |
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|
| 24 MONTH
|
4.50% | $1,000 | - |
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|
Bank Offers
Bask's Interest Savings Account Rate is now 0.80% APY
Bask raised its interest savings account rate from 0.70% to 0.80% APY.
Bask Raises Its Online Savings Rate to 1.25%
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
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
Bask has raised its online savings rate again.
Bask Bank Raises Online Savings to 2.53% APY
Bask has raised its online savings rate by 33 BPS on September 12, 2022.
Bask Bank Raises Its Online Savings Rate to 2.75%
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%
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
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%
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
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
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
Bask Bank has raised its online savings rate by 10 basis points today.
Bask Bank Raises Interest Savings Rate to 4.45% APY
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
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
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
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
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 Initiatives
Bask Bank is encouraged to provide us with this information. When we receive this information from the online bank, we will provide it here.
Customer Reviews for Bask Bank
Tad Grace
August 25, 2023 |
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.
Is this review helpful? Yes:0 / No: 2
trader jack
April 27, 2023 |
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.
Is this review helpful? Yes:3 / No: 0
Long term depositor
April 3, 2023 |
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.
Is this review helpful? Yes:5 / No: 0
SHG
March 2, 2023 |
Best bank on the list. By a country mile.
Is this review helpful? Yes:0 / No: 0
BET
October 30, 2022 |
very easy process, no probs at all
Is this review helpful? Yes:0 / No: 0
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