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.
But Bask Bank also offers something altogether unique—something especially valuable for travelers. Here’s what you need to know about 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?
Bask Bank does not as of this writing have a full suite of banking products such as money market accounts, loans, mortgages, IRAs, etc., so it’s not the best choice if you’re looking for a financial institution that can meet many different banking needs.
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 offers multiple online banking products: an interest-bearing checking account, a couple of high-yield savings accounts, and a modest selection of CD terms.
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 offers a free checking account with no minimum opening deposit and no minimum balance enforced. It earns a respectable 1.00% APY, which is leagues above the national average of 0.07% for interest-bearing checking accounts.
It’s worth noting that, while there are no minimum balance requirements, you must fund your account within 15 days to avoid Bask Bank closing your account.
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 has two savings accounts: an interest-earning free savings account and one that earns American Airlines miles. There are no monthly fees or minimum balance required with either account.
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
For every dollar you save annually with a Bask Bank Mileage Savings account, you can earn 1.75 American Airlines miles. For example, if you’ve kept an average of $40,000 in your savings account, you’d receive 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 come in six term lengths, from three months to two years. The interest rates are highly competitive, with APYs ranging from 3.65% to 4.00%. Again, you’ll only find standard CDs with Bask Bank; if you’re after a no-penalty, bump-up, or IRA CD, you’ll need to look elsewhere.
You must deposit at least $1,000 into the CD within the first 10 business days of opening the account, or it will close automatically.
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
Bask Bank offers a robust online banking experience, allowing you to choose which accounts appear on your home page, secure message representatives, access account statements, set up recurring and scheduled transfers, and more.
The Bask Bank platform and customer support
Bask Bank is a digital-only bank, which means customers must bank via Bask’s website or mobile app. The app is free and has a 4.7-star rating on the Apple App Store and a 4.5-star rating on Google Play across thousands of reviews.
Customers can reach a Bask Bank representative by phone at 833-260-4320 from Monday to Friday between 7 a.m. and 7 p.m. and on Saturday between 9 a.m. and 4 p.m. Central Time. Bask Bank also offers an online request form and a secure messaging feature for existing members.
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 FDIC-insured, meaning you’re covered up to $250,000 per depositor per ownership category in the event that the bank fails.
Bask Bank user reviews
Online reviews of financial institutions tend to be negative, as angry customers are typically more vocal than those who have had a seamless experience. With that in mind, Bask bank reviews are surprisingly reasonable. It scores a 2.4 rating on Trustpilot, which is actually notably better than many competitors.
Gripes include programming issues and a glitchy website, while others praise the bank’s competitive savings rates and simple account setup.
Users on forums like Reddit also remark about smooth money transfers and high APYs but a clunky app and occasional technical issues.
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?
If you’re simply looking to park some cash into a no-fee savings account or CD with one of the highest rates in the market, then Bask Bank is a good option. It may also be a fair option for those interested in collecting American Airlines miles instead of cash.
The bank offers a no-frills checking account, as well—but that’s about it. There are no other lending or credit products, so if you need a full suite of options, another financial institution would be better for you.
Frequently asked questions
Is Bask Bank a legitimate bank?
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.
Does Bask Bank charge monthly fees?
Bask Bank doesn’t charge monthly maintenance fees, making it a great option for anyone looking for a free checking or savings account.
What is the minimum deposit required to open a Bask Bank account?
There is no minimum deposit required to open a Bask Bank checking or savings account—but you must deposit at least $1,000 to open a CD.