Bask Bank

Deposits held and insured by Texas Capital Bank

Overview / Commentary
833-260-4320
2000 McKinney Avenue, Suite 700
Dallas, TX 75201
Deposits held and insured by Texas Capital Bank

Related Posts

Bask Bank Interest Savings Account Soars To Rate Leader Level - 5/6/2022

Bask Bank's (online division of Texas Capital Bank) nationally available Bask Interest Savings Account (no min/max) is a rate-leader, following a 45 bps rate increase.

Rate Increased To 1.25% - 5/5/2022

as of May 5, 2022. - https://www.baskbank.com/products/interest-savings-account

Bask Bank Interest Savings Account Is A Rate Leader Again - 4/4/2022

Bask Bank's (online division of Texas Capital Bank) nationally available Bask Interest Savings Account (no min/max) is a rate-leader again, following a rate increase.

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Straightforward Opening And Funding Account

Posted by: |

This last week I opened and funded a savings account with Bask Bank. Opening the account was quick and easy. There was no requirement to provide a copy of a drivers license, or a utility bill to confirm my identity. Instead there were four multiple choice questions to answer. In less than 5 minutes the application was completed and approved. Like too many other banks, Bask Bank's ACH transfers are low and slow. So as with similar banks, I used an external bank (my 'hub' bank maintained for this specific purpose) to originate a six figure deposit. That bank transferred the sum overnight via ACH, and the next day the funds were available and earning interest in my Bask Bank account. Bask Bank also has a mobile app so that it can be accessed and used on a smart phone.

Excellent Experience

Posted by: |

Opened account in less then five minutes so easy to open account and seems easy to use so I am going fund from outside bank into this new account due to transaction amount limits & slow ACH times...

Zzzzzzzzzz...

Wow, does it ever take a long time for your funds to become available! As soon as I can get my money transferred out, I'm gone. In this day, and for an "internet bank" it's a joke that it takes this long after a transfer for the funds to become available. Save yourself the frustration and bank somewhere else.

Longer Than Normal Waiting Period For Deposit Availability

Posted by: |

Website says 5 days before deposited funds will be available. My first deposit Jan. 30….called on Feb 7 to inquire why account didn’t show funds available. Was told wasn’t processed until Jan 31….also they don’t count weekends as DAYS, even considering they are an Internet Only Bank.
Not the best way to start a new account.

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Health
B+

Data as of Q1 2022

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

Health Grade Components

Overall
FDIC Certificate #34383
Year Established1997
Employees1902
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.52%
Return on Equity - YTD5.6%
Annual Interest Income$208.7MM
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$31.08B$40.04B
LoansQ1 2022vs Q1 2021$21.47B$24.33B
DepositsQ1 2022vs Q1 2021$25.81B$33.73B
Equity CapitalQ1 2022vs Q1 2021$3.03B$2.92B
Loan Loss AllowanceQ1 2022vs Q1 2021$211.2MM$242.5MM
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$65.2MM$104.1MM
Real Estate OwnedQ1 2022vs Q1 2021$0$0
Rates
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Bask Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%--Bask Interest Savings Account
Locations

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.