Bask Bank CD Rates: What You Need To Know Before You Open One
Written by
Rudri Patel
Edited by
Elizabeth Constantineau
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Bask Bank was the first online-only savings bank in the U.S. Launched in 1999 as a division of Texas Capital Bank, Bask offers high-yield savings accounts and CDs.
These are the current Bask Bank CD rates as of October 2025, along with term lengths and deposit minimums.
| Term | APY | Minimum Deposit |
|---|---|---|
| 3-month CD | $1,000 | |
| 6-month CD | $1,000 | |
| 9-month CD | $1,000 | |
| 1-year CD | $1,000 | |
| 18-month CD | $1,000 | |
| 2-year CD | $1,000 |
Pros and Cons of Bask Bank CDs Pros
Check out the pros and cons of a Bask Bank CD:
Pros
- FDIC-insured: All CDs are FDIC-insured up to $250,000.
- Variety of terms: Bask Bank has a variety of terms.
- No monthly maintenance fees: CDs do not require any maintenance fees.
Cons
- Minimum deposit: A minimum deposit of $1,000 may be too high a bar for some individuals.
- Early withdrawal penalties: If you decide to withdraw early, then you will have to pay a penalty.
- Online only: If you’re looking for an in-person interaction, Bask Bank is completely online.
How Much Can You Earn With a Bask Bank CD?
The amount you earn on a Bask Bank CD depends on the amount of money you deposit, your term length and the APY. Here’s a simple example showing estimated earnings with Bask Bank CD rates:
Estimated CD Earnings at Bask Bank
| Deposit Amount | Term | APY | Estimated Interest Earned * |
|---|---|---|---|
| $1,000 | 6 months | $20.05 | |
| $2,500 | 1 year | $100 | |
| $5,000 | 18 months | $291.51 | |
| $10,000 | 2 years | $764.06 |
If you need a closer look at how your savings will grow over time, take a look at the GOBankingRates Savings Calculator.
How To Open a Bask Bank CD: 4-Step Guide
If you’ve researched your options and decided a Bask Bank CD is the right option for your short-term to midterm savings, you can easily open an account online. Here are some steps to follow:
- Visit the Bask Bank website.
- Choose “Open Account” on the CD page of its site.
- Follow the prompts and be ready to provide the following:
- Government-issued ID, such as a driver’s license.
- Your Social Security number.
- A mobile device for account verification.
- Information such as your address, phone number and income.
- You have 10 business days from opening your account to fund your CD with a minimum of $1,000 or the account will be closed. You can fund your account in several ways:
- From another bank through ACH.
- By depositing a check using the mobile deposit feature on the Bask Bank mobile app.
- Initiating a wire transfer to Bask Bank from another bank account.
Bask Bank CD Rates vs. Other Banks
How do top competitors stack up against Bask Bank? Compare CD rates from Best Bank and other competitors to find out more:
| Bank | 1-Year CD Rate | 2-Year CD Rate | Minimum Deposit |
|---|---|---|---|
| Bask Bank | $1,000 | ||
| Discover | $0 | ||
| Capital One | $0 | ||
| Marcus by Goldman Sachs | $500 |
Is a Bask Bank CD Right for You?
Ideal for:
- If you want a user-friendly digital experience, Bask Bank has a 4.5 out of 5 stars rating on Google Play and 4.7 out of 5 stars in the Apple Store.
- Bask Bank offers competitive APYs ranging from to .
- If you don’t need quick access to money, a CD is an ideal investment.
Not great for:
- People looking to have their cash accessible.
- The minimum deposit may be too high for some customers.
Tips for Getting the Best CD Rate
If you want an ideal rate on a Bask Bank CD, try these strategies:
- Compare the rates for multiple terms: Look at CD rates for 12 months, two years and three years.
- Look for promotions: Financial institutions often have special offers throughout the year.
- Consider relationship banking perks: If you are a current customer, you may get a better CD rate.
- Consider using a CD laddering strategy: If liquidity and long-term savings are important to you, consider a CD laddering strategy.
Bask Bank FAQ
Here are the answers to some frequently asked questions about Bask Bank CD rates and features.- What is the minimum deposit for a Bask Bank CD?
- The minimum deposit for a Bask Bank CD is $1,000. It must be deposited within 10 days of opening the CD.
- Do I need a Bask Bank account to open a CD?
- Yes, you need an existing account to open a CD at Bask Bank.
- Can I open a CD online?
- Yes, you can open a Bask Bank CD online.
- What happens if I withdraw before the term ends?
- You will incur an early withdrawal penalty.
- Are Bask Bank CD rates competitive in 2025?
- Yes. Bask Bank one-year CD rates range from 3.90% to 4.10% APY.
More on Bask Bank
Dawn Allcot contributed 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 Oct. 13, 2025.
*Capital One interest rates accurate as of Oct. 13, 2025. See website for all current rates.
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.
