Bask Bank

Deposits held and insured by Texas Capital Bank

Overview / Commentary
2000 McKinney Avenue, Suite 700
Dallas, TX 75201
Deposits held and insured by Texas Capital Bank

Related Posts

Rate Increase - 7/28/2023

Just received notification from BASK Bank. From August 1st account rate will be 5%. I work with them for very long time, never any problem. They also offering AA miles account with no income reported on that account. Tax free account.

Earn Up To 20K Bonus Miles - 6/29/2023

Anyone know what these American Airlines AAdvantage bonus miles are worth?

CD Rates Increased: 6 Month CD 5.25% Apy; 12 Month CD 5.15% Apy - 6/23/2023

Bask is not well kown for it's CD's, but they are pretty solid, not the highest but are good. I wish they had more CD Terms like 3-5 years, and higher rates for those.

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Very Pleased With Pro-Active Customer Service

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I pushed some funds into Bask a couple of days ago but goofed because I sent the transfer to an existing CD instead the Savings account that I had intended it to go into.
I resigned myself to waiting it out for the transfer to bounce...but today (2 days after I initiated the transfer) I got a call from Bask. The representative inquired about the transaction and I explained the circumstances. She was able to redirect the transfer to the correct account the same day after the standard verification process. Getting a call from a human being when something is amiss and having things taken care of immediately - now that's the kind of service that wins my business.

Beware Of Caps On Withdrawals

Another bank that puts caps on the amount of $$$ you can withdraw from your account. Might not matter to 99.9%, but....$300,000 is the monthly cap in credits/debits. $150,000 per transaction. There are other caps, but you get the gist.

Rates To Go To 5.0% On Interest Savings

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Rates to go to 5.0% on Interest Savings July 31, 2023 per email from Bask Bank today. Interest rate 4.88% with an APY of 5.00%.

A Year's Worth With This Bank

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Admittedly, when I first tried this bank, I was chasing interest rates, and they have some of the best. However, they take forever to credit your account for an inbound transfer, holding your $ longer than my bank did back in 1980 when I was the one placing them. I am in the process of finding a different tertiary (for me) bank.

The good: above-average interest rates.
The okay: the information provided about one's account. The American Airlines points miles account is an interesting and unique option, though given today's interest rates is a lesser option than taking the interest, though I would think that miles aren't taxable?
The should be better: their website looks somewhat dated and uses small fonts. Limited CD offerings. Contacting & interacting with customer service. Limited external connections.
The bad: a long time to hold your funds.



Data as of Q1 2023

Data displayed below is for insuring bank: Texas Capital Bank
Learn why bank health matters

Health Grade Components

FDIC Certificate #34383
Year Established1997
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.61%
Return on Equity - YTD5.36%
Annual Interest Income$397.1MM
Assets and Liabilities
AssetsQ1 2023vs Q1 2022$28.59B$31.08B
LoansQ1 2023vs Q1 2022$19.84B$21.47B
DepositsQ1 2023vs Q1 2022$22.36B$25.81B
Equity CapitalQ1 2023vs Q1 2022$3.27B$3.03B
Loan Loss AllowanceQ1 2023vs Q1 2022$260.9MM$211.2MM
Unbacked Noncurrent LoansQ1 2023vs Q1 2022$97.0MM$65.2MM
Real Estate OwnedQ1 2023vs Q1 2022$0$0
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Bask Bank Savings Account Rates

5.00%--Bask Interest Savings Account

Bask Bank CD Rates

5.25%$1k-6 Month CD
5.15%$1k-12 Month CD
4.50%$1k-18 Month CD
4.50%$1k-24 Month CD

Bask Bank is an Internet only bank and does not have branch locations. Its headquarters is located at 2000 McKinney Avenue, Suite 700 - Dallas, TX 75201

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.