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Bask Bank, a division of Texas Capital Bank
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 - April 18, 2024
Online Savings and Money Market
Rates
| Online Savings and Money Market Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Interest Savings Account
|
5.10% | $0 | - |
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|
Online CD Rates
| Online CD Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 MONTH
|
5.15% | $1,000 | - |
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|
| 12 MONTH
|
5.20% | $1,000 | - |
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|
| 18 MONTH
|
4.50% | $1,000 | - |
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|
| 24 MONTH
|
4.50% | $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.
Customer Reviews for Bask Bank, a division of Texas Capital 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:1 / 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:4 / 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:6 / 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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