Bask Bank Review: Online Convenience With High-Yield Savings and Airline Miles
Written by
Caitlyn Moorhead
Edited by
Melanie Grafil
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Bask Bank is best for those who want a safe account to grow their wealth and the ease of doing so online.
Using online banking through Bask Bank, you can transfer funds, check balances and set up recurring deposits.
Bask Bank is an online-only bank with no physical branches. It offers high-yield checking, savings and CD accounts. It’s a division of Texas Capital Bank, which is a member of FDIC and boasts high interest rates and annual percentage yields.Â
GOBankingRates has ranked it among the Best Checking Accounts 2025, Best High-Yield Savings 2025 and Best Online Banks 2025 as part of the annual Best Banks round-up.Â
Bask Bank Checking Account
Bask Bank now has a checking option with the Bask Interest Checking account. GOBankingRates has ranked it among the Best Checking Accounts of 2025. Here’s everything you need to know:Â
- There are no monthly maintenance or service fees, so you can keep more of what you earn.
- Also, there are no fees or minimum balance requirements.
- Bask now includes a debit card, allowing access to more than 55,000 surcharge-free Allpoint® ATMs.
- The Bask mobile app allows you to easily and conveniently manage your accounts.
- Though it’s an online bank, your money is safe and secure as Bask deposits are FDIC-insured.
Here are some benefits and drawbacks of opening the Bank Interest Checking option:
BRONZE WINNER
Best For
Online Banks
Checking Accounts
High-Yield Savings Accounts
Mobile App
Great APYs
Min. Balance to Earn APY: $0
Bask Bank’s Interest Checking account combines convenience and earning potential with no fees, no minimum balance and access to over 55,000 surcharge-free ATMs.
Fees
No monthly service fee
APY
Min Opening
$0
Pros
- $0 opening deposit requirement
- Unlike other interest-bearing checking accounts, Bask doesn’t put any limits on the APY offered.
Cons
- No physical branches, so depositing cash into your checking account may be more difficult.
Why We Like Bask Bank
Bask Bank makes online banking a snap, especially now that it offers a checking option- which offers interest to help you earn more on your daily banking account.
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Bask Bank Savings Accounts
Bask Bank has two savings accounts to choose from, including the Bask Interest Savings Account, which earns APY — a remarkable yield for a bank savings account; and the Bask Bank Mileage Savings Account, which lets you earn American Airlines, or AAdvantage miles for every dollar in your savings account on an annual basis. Here are some key considerations about the savings options at Bask:Â
- The Bask Interest Savings Account doesn’t have a monthly maintenance fee. There are no minimum deposit or balance requirements. It’s a straightforward savings account that pays a solid interest rate.Â
- GOBankingRates has also named it as one of the Best High-Yield Savings Accounts for 2025.
- The Bask Bank Mileage Savings Account works by accruing miles daily and crediting them to your account monthly, based on the average balance in your savings account for the month, which is a great system if you frequently travel.
- Here’s an example scenario: You are credited 2 American Airlines AAdvantage miles for every dollar, so if you have an average daily balance of $10,000 in January, multiply that by 2 to get 20,000 annual points. Divide by 365 days in the year, and then multiply by 31 days in January to get 1,698 miles for January.Â
- Miles are valued at .42 cents per mile for tax purposes and yes, they are taxable as interest income.
- The Bask Mileage Savings Account has no minimum deposit or balance requirement, and no monthly maintenance fees.
As the Bask Interest Savings account was ranked among the Best High-Yield Savings accounts for GOBankingRates’ Best Banks 2025 list, here are some pros and cons to think about:Â
SILVER WINNER
Best For
Online Banks
Checking Accounts
High-Yield Savings Accounts
Mobile App
Great APYs
Earn 2 AAdvantage Miles per $1
Bask Bank offers two standout savings options — an Interest Savings account with a competitive APY and no fees or minimums, and a Mileage Savings account that lets you earn American Airlines AAdvantage miles based on your balance.
Fees
No monthly maintenance account fee
APY
Min Opening
$0
Pros
- Competitive rates can help you grow your money faster
- No monthly maintenance account fees or minimum balance requirements which is rare for high-yield savings accounts.
Cons
- No money market account options for savings
Why We Like Bask Bank
Bask Bank consistently delivers some of the most competitive APYs in the industry with no monthly fees or minimum balance requirements, making it a top choice for savers who want flexibility and strong returns.
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Bask Bank CD Accounts
Bask’s certificates of deposit, or CDs, let you put a lump sum into an account that’s held for a fixed term. You can sit back and watch your money earn interest without lifting a finger. Here are some key takeaways:
- CD terms at Bask Bank are available for three months, six months, 12 months, 18 months and 24 months.Â
- You must have a $1,000 minimum deposit to open a CD account, and a penalty may be incurred if funds are withdrawn before it matures.
- Interest rates for Bask Bank CDs are great as even a six-month CD pays a high APY.Â
Best For
Online Banks
Checking Accounts
High-Yield Savings Accounts
Mobile App
Great APYs
Min. Opening Deposit: $1,000
Bask Bank CDs offer competitive APYs across all term lengths, starting at three months, with a $1,000 minimum deposit and guaranteed returns to help you grow your savings.
Fees
No monthly service fee
APY
Up to
Min Opening
$1,000
Pros
- All CD term lengths offer competitive rates.
- The money you put into a CD has guaranteed returns from high APYs.
Cons
- The minimum opening deposit requirement is $1,000 for all terms.Â
Why We Like Bask Bank
Lock your money away for a year, and you’ll earn a high APY with a Bask Bank CD, letting you reach your savings goals faster.
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Banking Experience
Bask Bank earns top marks for interest rates — its Interest Checking, Interest Savings and CD rates are well above average. It offers online banking services, and using online banking, you can check your balance and transfer funds between your Bask Bank accounts, if you have more than one, or between your Bask Bank account and accounts at other banks. The Bask banking experience is so well received that GOBankingRates ranked it among the Best Online Banks of 2025.
Bask Bank Customer Service
- U.S.-based customer support team phone number: 1-833-260-4320Â
- Hours of operation: Monday through Friday from 7 a.m. to 7 p.m. and Saturday from 9 a.m. to 4 p.m.
How Does Bask Bank Compare?
If you’re considering moving to an online bank or adding one to your existing banking relationship, you may want to shop around. Here are some others to consider.
SELECTED BANK
MOST COMPARABLE
MOST COMPARABLE
Fees
Fees
Fees
No monthly service fee
$0
None
APY
APY
APY
N/A
Min Opening
Min Opening
Min Opening
$0
$0
$0
SELECTED BANK
MOST COMPARABLE
MOST COMPARABLE
Fees
Fees
Fees
No monthly maintenance account fee
$0
None
APY
APY
APY
Min Opening
Min Opening
Min Opening
$0
$0
$0
SELECTED BANK
MOST COMPARABLE
MOST COMPARABLE
Fees
Fees
Fees
No monthly service fee
No monthly service fee
Early withdrawal penalty may apply
APY
APY
APY
Up to
Up to
Up to
Min Opening
Min Opening
Min Opening
$1,000
$0
$500
Bask Bank vs. Ally Bank
Ally Bank is also an online bank and has checking accounts, credit cards, loans and investment products in addition to savings accounts and CDs. Ally offers online banking as well as a mobile app.Â
CD rates are slightly lower at Ally as well, with a six-month certificate paying less than Bask Bank’s offering. There’s no minimum deposit required for CDs.
Bask Bank vs. Marcus by Goldman Sachs
Another online bank, Marcus by Goldman Sachs, Member FDIC, offers a decent annual percentage yield on savings accounts, with no minimum and no fees. A 12-month CD has a $500 minimum deposit, and the bank offers investments, loans and credit cards, but no checking accounts.
Bask Bank vs. Varo Bank
Varo is a neobank that prides itself on simplicity, transparency and, most importantly, no surprise fees. Unlike Bask Bank, it’s not the most comprehensive of banks in terms of its products and services, however, the two banks are similar in having no minimum balance or monthly fees in checking or savings accounts, but Varo Bank’s high APY on its savings accounts has more limits than the Bask option.
Final Take
The bottom line is that Bask Bank was ranked as one of the Best Online Banks, Best Checking Accounts and Best High-Yield Savings Accounts of 2025, which makes it a pretty good place to stash some cash and forget about it as you’ll get a good interest rate — or miles, if you want to go that route. For some people, the idea of not being able to easily access their savings is a good thing — it may mean that the money stays there longer if it’s that much more difficult to get at it.
Bask Bank FAQ
Here are the answers to some of the most frequently asked questions about Bask Bank.- Is Bask Bank a good option for a savings account?
- Yes, Bask Bank offers savings interest rates that are higher -- in some cases, a lot higher -- than other online and brick-and-mortar banks. Bask Interest Savings was voted one of the Best High-Yield Savings Accounts in 2025 in GOBankingRates’ Best Banks 2025 rankings.
- What is the account limit for Bask Bank?
- The withdrawal limit for the Interest Savings account is:
- $100,000 per transaction and per day for online withdrawals
- $150,000 per month for online withdrawals
- Up to six online withdrawals per month.
- The withdrawal limit for the Interest Savings account is:
- What types of accounts are available at Bask Bank?
- Bask Bank has checking, savings and CD accounts available, however, there are no money market accounts.
- Does Bask Bank have an ATM card?
- Yes, with your Bask debit card, you can access more than 55,000 surcharge-free Allpoint® ATMs.
- Is Bask Bank a legitimate bank?
- Yes. Bask Bank is an online-only bank, offering savings accounts and CDs through Texas Capital Bank, which is FDIC-insured.
- What kind of bank is Bask Bank?
- Bask Bank is an online-only bank. It offers interest checking, high-yield savings accounts and CDs through Texas Capital Bank, which is a member of FDIC. It also partners with American Airlines to offer AAdvantage airline miles instead of interest to some depositors.
Karen Doylecontributed to the reporting for this article.
Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Dec. 12, 2024.
Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.
To determine rankings for the Best Checking Accounts of 2025, GOBankingRates looked at the following factors from all banks (excluding neobanks): (1) total assets as sourced from the FDIC; (2) number of branch locations as sourced from the FDIC; (3) minimum deposit to open an account; (4) monthly checking fee ratio (percentage of the minimum to avoid fees compared to the monthly fee itself); (5) APY on the checking account; (6) overdraft fee amount; (7) the average mobile app rating between the Google Play (Android) and Apple stores. All factors were then scored and combined, with the lowest score being the best. Factor (1), (2 and (5) weighed 0.5 times, and Factor (4) weighed 1.5 times. All products and offerings had to be available as of Nov. 1, 2024, to be considered. Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Dec. 12, 2024.
To determine rankings GOBankingRates looked at the following factors from all banks: (1) minimum deposit to open an account; (2) monthly savings fee ratio (percent the minimum to avoid fee compared to the monthly fee itself); (3) minimum needed to earn APY; (4) savings APY; and (5) the average mobile app rating between the Google Play (Android) and Apple stores. All factors were then scored and combined, with the lowest score being the best. Factors (2) and (3) weighed 1.5 times, factor (4) weighed 4 times; and factor (5) weighed 0.5 times. To be considered for the HYSA, the product offered had to have an APY above 0.45%. All products and offerings had to be available as of Nov. 1, 2024, to be considered. Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Dec. 12, 2024.
To determine the Best Online Banks of 2025, GOBankingRates looked at the following factors across exclusively online banks: (1) total assets as sourced from the FDIC; (2) monthly checking fee ratio (percent the minimum to avoid fee compared to the monthly fee itself); (3) savings APY; (4) 1-year CD APY; (5) Bauer rating (out of 5 stars); (6) products/services offered (auto loans, mortgage loans, credit cards, investment services, and insurance); and (7) the average mobile app rating between the Google Play (Android) and Apple stores. Factors (1) and (2) were weighed 0.5 times, and factors (3) and (7) were weighed 2 times. For all savings and checking account data, only the basic accounts or products offered at each institution were analyzed. All products and offerings had to be available as of Nov. 1, 2024, to be considered. Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Dec. 12, 2024.
