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 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? https://www.baskbank.com/#bonus-miles-promotion

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Enjoyable Experience

I have 2 accounts with Bask. A savings account at 5.10% APY. I believe when I opened it in May 23' it was at either 4.75 or 4.85% APY. Did it require me to make two deposits to fund the account due to the limitations on transaction limits, sure, but really I'm not too worried about making 2 transactions or if they may need to be a day apart. All I care about is the ease of the transaction, the time it took to open and fund the account and that this Bank chooses to raise their APY accordingly, if not leading the pack at times. While I had my $$ there, they offered a great 12 mo CD at 5.6% APY, a steal of deal and an easy transaction. I have yet to transfer any $$ out of Bask and back into USAA, my home bank, as there is no need due to the vast difference in the APYs. Still, I doubt there will be and if so, will report on it accordingly.

Great Online Savings Bank

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I’ve been with Bask Bank for about 8 months and have had zero issues. Highest interest rate in the savings game on your full balance and with no surprises. I’ve read reviews for other banks where they lowered the interest rate after 3 months. Deposits take 5 business days to credit to your account but you start earning interest as soon as you make the deposit. Every time I’ve called customer service, they pick up the phone immediately and everyone so far has been very helpful and professional. They have limits on transfers but you can make up to six per month which is a lot, I think. Good usable website and app as well.

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.

Good Savings Account

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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.

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Health
B+

Data as of Q3 2023

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

Health Grade Components

Overall
FDIC Certificate #34383
Year Established1997
Employees2075
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.85%
Return on Equity - YTD7.59%
Annual Interest Income$1.26B
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$29.58B$30.39B
LoansQ3 2023vs Q3 2022$20.52B$22.7B
DepositsQ3 2023vs Q3 2022$24.23B$24.82B
Equity CapitalQ3 2023vs Q3 2022$3.13B$2.94B
Loan Loss AllowanceQ3 2023vs Q3 2022$244.9MM$234.6MM
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$67.7MM$71.6MM
Real Estate OwnedQ3 2023vs Q3 2022$0$0
Rates
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Bask Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.10%--Bask Interest Savings Account

Bask Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.40%$1k-12 Month CD
5.35%$1k-6 Month CD
4.50%$1k-18 Month CD
4.50%$1k-24 Month CD
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.