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

Bask Bank is an online-only division of Dallas-based Texas Capital Bank. It offers interest savings and mileage savings accounts and a CD with four terms. The bank is also promoting an interest-earning checking account that's coming soon.

The Bask Interest Savings Account has no monthly fees and no minimum deposit or balance requirements. The account’s annual percentage yield (APY) is 5.10% as of May 20, 2024.

You’ll need to open an interest savings account before you can set up a Bask Mileage Savings Account. You can then earn 2.5 American Airlines AAdvantage® miles for every dollar saved annually with your mileage savings account. The account has no monthly fees and no minimum deposit or balance requirements.

CDs require a minimum deposit of $1,000, and you can choose from terms of six, 12, 18 or 24 months. APYs as of May 20, 2024, are 4.50% for the 18- and 24-month CDs, 5.15% for the 6-month CD, and 5.20% for the 12-month CD.

The bank offers customer support by phone or online only. Call 833-260-4320 from 7 a.m. to 7 p.m. Central time Monday through Friday and from 9 a.m. to 4 p.m. CT on Saturday. You can also send a secure message through your online account or complete an online form and get a response from a customer support agent.

The Bask mobile app provides quick account access as well. Use it to receive real-time transaction notifications, move funds between accounts, reschedule recurring deposits and reach customer support.

Bask Bank pros and cons

• Competitive rates on savings account and CDs
• Chance to earn airline miles with mileage savings account
• No monthly fees and no balance requirements on savings accounts

• No branch access
• No money market or checking accounts, though the bank says an interest-earning checking is coming soon
• No option to deposit cash

Related Posts

Bask Interest Savings Increased To 5.10% APY - 10/18/2023

Just received email from Bask that they have increased the Bask Interest Savings to 4.97% (5.10% APY).

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?

View all posts from:


Posted by: |

Bask Bank is fabulous! I have a Bask Interest Savings account and I earn 5.10% APY. This gives me about $240 per month in interest alone. When I purchased a new car in December my down payment was transferred in one day. I am very happy with my Bask Bank experience. I love being able to handle my banking needs online.


I had the very fortunate occasion to experience GREAT customer service earlier this afternoon by a gentleman by the name of Eric in their customer support center. He was professional, polite, knowledgeable, and, above all, helpful. And he spoke English! Thank-you to Bask Bank!

I had difficulty in opening an account with Bask Bank, and called customer service for assistance. Eric answered the call, walked me through and resolved the issue, and was able to get my application submitted. Easy Peasy!

I appreciate that this is but one data point, and that my experience may differ in the future, namely after I become a Bask Bank customer. Yet, for right now, I couldn't be more pleased!

Good Savings Account

Posted by: |

The application process was a breeze, not sure what others are saying here. The transfer time is slow and I think it's because of security reasons as this bank is very strict on that, this is a good thing, however it can be bad as it's so strict on security that it can lock out it's own owners of the account.

The CD rates are competitive, though I wish it had more terms. No checking nor money market account here.

Texas Capital Bank, deposits are growing so that is a good trend.

Application For New Account Denied

Posted by: |

I tried to open the Bask savings account and my application was denied. They give you a long list of possible reasons why they can't open your account, so you don't know what steps (if any) you could take to resolve the problem. It's frustrating to enter your personal information that's needed to open the account and then be refused.

I submitted an email contact request on their website and so far no reply*. I was able to open accounts recently with other online banks so I'm not going to waste anymore time with this bank.

*UPDATE 6/14/2024:

Thank you for your interest in applying for a Bask Bank® Account. To speak with a Bask Bank® representative, and review your application, please contact Customer Support at 833.260.4320.

You may also submit a new application at

Thank you,

Bask Bank"

If this is the response, then why do you offer the email contact form in the first place? You just wasted more of my time and now you want me to call you...

*UPDATE 6/17/2024:
"Thank you for your application.

Thank you for your interest in opening an account with Bask Bank®. Based on the information provided in your application, we are unable to open an account for you at this time.

Bask Bank uses multiple third-party verification services to authenticate your identity and validate your banking history in order to comply with federal regulations and protect the identities and assets of our customers. We are unable to provide specific details regarding the decision of your application; however, here are some common reasons applications are not approved:

The information provided could not be verified as your information.
Multiple applications were submitted with inconsistent information.
Your application contained an error or typo.
Your application was submitted from outside the United States.
The documents submitted were unreadable or expired.

For more information about our application requirements, please read our FAQs.

Bask Bank"

- Your third-party verification services are unreliable (I've already been verified and approved by 3 online banks this year and 3 online banks in prior years)
- I gave you the same information as the other banks (except for the drivers license not required by some banks)
- I typed carefully and checked for typos before I clicked continue
- Only one application was submitted
- My application was submitted from a state in the continental U.S.
- No documents were submitted



Data as of Q1 2024

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 - YTD0.44%
Return on Equity - YTD3.85%
Annual Interest Income$418.1MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$29.09B$28.59B
LoansQ1 2024vs Q1 2023$20.6B$19.84B
DepositsQ1 2024vs Q1 2023$24.17B$22.36B
Equity CapitalQ1 2024vs Q1 2023$3.32B$3.27B
Loan Loss AllowanceQ1 2024vs Q1 2023$264MM$260.9MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$105.3MM$97MM
Real Estate OwnedQ1 2024vs Q1 2023$0$0
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Bask Bank Savings Account Rates

5.10%$0-Bask Interest Savings Account

Bask Bank Checking Account Rates

1.00%$0-Bask Interest Checking

Bask Bank CD Rates

5.35%$1k-6 Month CD
5.35%$1k-3 Month CD
5.30%$1k-12 Month CD
5.30%$1k-9 Month CD
5.00%$1k-18 Month CD
4.75%$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.