Written by Jessica Merritt | Edited by Ali Cybulski | Updated on 05/26/2025
Bask Bank, an online-only division of Texas Capital Bank, offers a suite of products that includes a savings account, a travel rewards savings account, an interest checking account and certificates of deposit (CDs). Bask Bank operates no physical branches, handling all transactions through its website and mobile app.
- Interest checking: Bask Bank Interest Checking earns a base annual percentage yield (APY), and the bank uses your daily account balance to determine your interest daily and then pays it out monthly. Through a promotion, new or existing customers who open a rewards checking account by June 30, 2025, will earn a bonus APY through Aug. 29, 2025, if requirements are met. The account includes no monthly fees and access to more than 55,000 surcharge-free Allpoint ATMs.
- Savings: This high-yield savings account, which pays a competitive rate, requires no minimum balance and charges no monthly fee.
- If you travel frequently on American Airlines, you may want to consider the Bask Bank Mileage Savings account. You’ll earn American Airlines AAdvantage miles instead of interest for your savings. This travel rewards account also comes with no monthly fees and no minimum balance requirement.
- CDs: Open an account with a $1,000 minimum deposit, and choose from six different CD terms. Opt for 3-, 6-, 9-, 12-, 18- or 24-month terms. Overall, CDs earn competitive rates.
Mobile app: The Bask Bank mobile app is well rated. Use it to make mobile deposits, set up transfers and check your AAdvantage miles earnings.
Customer support: Reach live support at 833-260-4320 from 7 a.m. to 7 p.m. Central time Monday through Friday and Saturday from 9 a.m. to 4 p.m. CT. You can send a secure message from your online account if you’re already a customer. Otherwise, you can complete the online form or check the FAQs for help.
PROS
• Offers competitive APYs on savings and checking accounts
• Comes with no monthly fees and no minimum balance requirements
• Travel rewards savings account earns airline miles
CONS
• Operates no physical branch locations
• Provides only up to a two-year CD term
• Issues no money market accounts and limits other banking products
LOVE This Bank!
Cant believe the negative reviews. I have $250k invested here in their online savings which pays 4.5% currently. No bank pays more. I also just opened a checking account. Took 5 minutes. Easy to transfer money back and forth, link to Zelle etc. NO downside. FDIC insured.
2-Year Customer No Complaints
Had to chime in here due to all of the complaints. I have been a Bask customer since 2022 in both their AAMiles and their Savings accounts investing hundreds of thousands. Recently my adult daughter son opened AAMiles and Savings accounts instantly with zero issues on my recommendation. The AAMiles account is attractive because for only a $25 deposit, you can get a few miles per month deposited into your AAdvantage account to keep all of your accumulated miles from expiring. I have had no issues with external transfers and I typically average a 2 or 3 per month. I have even linked to Bask from Schwab and have no issues initiating transfers from Schwab. Bask has maintained one of the highest savings rates, even as those rates have fallen. I have taken the bait in the past at Ally, CIT, Citi, Dollar Savings Direct, with an initial high rate only to see those drop down way beyond competitive.
Interesting Experience
Opened account in less then five minutes so easy to open & easy to use so I am going fund from outside bank into this new account due to transaction amount limits & slow ACH times...when calling this bank hold times seem to be longer then ten minutes this is a issue in 2022...On a good note they do NOT charge overdraft fees that is nice cause to error is human!
This Bank Is Cheating
I have observing the accrued interest every day on my saving account with bask bank. Recently i noticed the accrued interest stopped for 3 or 4 days with no earning of interest. I am sure this is happening to many people as well. This cheating is not acceptable. Lending your money for free.
Data as of Q1 2025
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 34383 |
| Year Established | 1997 |
| Employees | 1841 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.69% |
| Return on Equity - YTD | 6.29% |
| Annual Interest Income | $426.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $31.1B$29.09B |
| Loans | Q1 2025vs Q1 2024 | $22.1B$20.6B |
| Deposits | Q1 2025vs Q1 2024 | $26.56B$24.17B |
| Equity Capital | Q1 2025vs Q1 2024 | $3.18B$3.32B |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $278.4MM$264MM |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $94MM$105.3MM |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |