Related Posts
12/13 - Bask Bank 4.03% APY + 5K Aadvantage Points
12/13 - Bask Interest Savings Account Rises To 4.03% APY
11/30 - Bask Interest Savings Account Has Been Increased From 3.60% To 3.85% APY
11/3 - Bask Bank Interest Savings Account Rate Shoots Upward
11/2 - Bask Bank Rate Increases To 3.6% APY (3.54%APR)
10/15 - Bask Certificate Of Deposit (CD) Account
10/13 - Bask Bank Increased Savings Account APY To 3.05%
10/6 - Bask Bank Now Offering Cds
9/22 - Interest Rate In Account Shows 2.710 %
9/12 - Bask Bank Now 2.53%
8/16 - Bask Now 2.20% APY
7/21 - Bask Bank Interest Savings Account Is New Rate Leader
7/20 - Bask Savings Rate Up To 2.0%
6/22 - Bask Up To 1.61%
6/14 - Bask Bank Interest Savings Account Rate Jumps To New Heights
6/13 - Bask Bank Savings Raised To 1.5%
5/6 - Bask Bank Interest Savings Account Soars To Rate Leader Level
5/5 - Rate Increased To 1.25%
4/4 - Bask Bank Interest Savings Account Is A Rate Leader Again
4/2 - Bask Bank Just Increase Rates
1/29 - Bask Bank Offers Top Savings Account Rate Nationwide
Push Money From Bask To External Account Worked Very Well
Pushed a few thousand dollars from Bask to my externally linked account this morning. It reached the destination account in 12 hours and became available immediately. This is the fastest ACH transfer I have ever seen. Looks like Bask Bank has improved its ACH transfer efficiency :-)
Transfer Strategy
Use an outside bank to transfer out. Link Bask with outside bank. Limits do not apply, as long as your outside bank will draw larger amounts out.
Bank Plays Games To Control Withdrawals
Bask will allow just the 1 external bank link that you used for the initial funding of your new Bask accnt and no more!! Simply put, they don't want to provide any paths for you to be able to transfer your cash out to higher paying banks. I logged into my practically dormant Bask accnt with the intent of depositing $50K with Bask. The 2 external banks I linked up months ago no longer hold cash, so I wanted to create a new external link with another bank to transfer the 50K into Bask with. But Bask will NOT allow me to open another external link. I now recall somebody in Bask feedback stating that if you already have more then one external bank link set up with Bask, then you are lucky. Because now when you open an accnt with them, that external bank used for the initial funding is going to be the only external link allowed! Of the 10 savings accounts I have, Bask is the only bank that has this obnoxious policy in affect.
Bask Bank Online Application Stuck
Tried to open a savings account using the online form. Can't get past the first screen. When I click on 'Proceed to review' button it just freezes.
Tried over several days using different computers. My wife has the same problem.
Tried calling customer support but they had no idea what was wrong.
In the end gave up and went elsewhere.
Data as of Q2 2022
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 34383 |
| Year Established | 1997 |
| Employees | 2039 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.5% |
| Return on Equity - YTD | 5.28% |
| Annual Interest Income | $450.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $32.33B$35.22B |
| Loans | Q2 2022vs Q2 2021 | $23.84B$23.78B |
| Deposits | Q2 2022vs Q2 2021 | $25.76B$29.28B |
| Equity Capital | Q2 2022vs Q2 2021 | $3.05B$3.04B |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $229.0MM$221.5MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $53.7MM$94.3MM |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |