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 $32.33 billion in assets.| Deposits FDIC Insured | Yes |
| Insured Bank | Texas Capital Bank |
| FDIC Certificate # | 34383 |
| Date Established | 1997 |
| Assets | $32.33 billion |
| Loans | $23.84 billion |
| Deposits | $25.76 billion |
| Capital | $3.05 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 - January 30, 2023
| Online Savings and Money Market Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Interest Savings Account
|
4.15% | $0 | - |
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|
| Online CD Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 MONTH
|
4.30% | $1,000 | - |
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|
| 12 MONTH
|
4.45% | $1,000 | - |
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|
| 18 MONTH
|
4.10% | $1,000 | - |
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|
| 24 MONTH
|
4.10% | $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%.
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
BET
October 30, 2022 |
very easy process, no probs at all
Is this review helpful? Yes:0 / No: 0
jacktx67
October 15, 2022 |
THE BEST SAVING RATE BANK EVER!!!!
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jhawk1500
September 21, 2022 |
I opened an account, funded the account, and several days later, Bask "disabled" my account without notifying me or providing any explanation. In other words, they held my account funds hostage. Only after involving the FDIC, did Bask make an effort to communicate. They never disclosed why they shut me out of my account. Don't do it. Its not worth the risk or the stress.
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Bruce
August 1, 2022 |
Very good rate (currently 2.02%), but doesn't offer joint accounts - so can't have my wife as co-owner to get $500k FDIC coverage. Bask suggested that I designate wife as beneficiary, but that doesn't increase FDIC coverage above $250k. Some banks (like Bask) don't seem to understand how FDIC coverage works.
Is this review helpful? Yes:1 / No: 0
uga
June 22, 2022
Easy signup, great rates that have been increasing lately, very happy with this bank !
Is this review helpful? Yes:1 / No: 0
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