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Last Updated: 04/18/2025

Bask Interest Savings Account

in Savings Accounts from Bask Bank

Last Updated: 04/18/2025

Rating not yet determined1 total votes

1 users recommend

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Highlights

APY (Annual Percentage Yield)

4.25%(Verified 06/21/2024)

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Minimum Opening Deposit

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Minimum Balance to Earn APY

Bask Interest Savings Account Review

Bask Interest Savings Account is offered by Bask Bank, a bank founded in 1999 and based in Dallas, TX. BaskBank are available in 50 states and Washington, DC.

Key Takeaways

Must fund account within 15 days to open an account.
High yield savings. This account offers an annual percentage yield of up to 4.25%*, which is much higher than the average interest rate for a savings account.
No monthly maintenance fees. This account does not charge any monthly account fees.
No minimum initial deposit. There is no minimum balance required to open an account online.

BaskBank Pros & Cons

Pros

Cons

No Balance Cap Earning APY.
Available in 50 states and Washington, DC.
High yield APY (see terms and conditions for details).

Does not provide access to a nationwide ATM network.
Does not come with a debit card
No signup bonus.

BaskBank FAQ

Are savings accounts from Bask Bank, a division of Texas Capital Bank federally insured?

Yes, your deposits are insured by the Federal Deposit Insurance Corporation (FDIC #34383). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

Does Bask Bank offer a signup bonus?

BaskBank doesn't offer a signup bonus.

What is the minimum initial deposit for BaskBank?

There is no minimum deposit to open a BaskBank.

Bask Interest Savings Account Minimums

Description

Minimum Average Balance to Avoid Monthly Service Fee

Minimum Balance to Earn APY

Minimum Opening Deposit

$0 (see terms and conditions)

What APY* does Bask Interest Savings Account offer?

BaskBank offers an APY of 4.25% (APY stands for annual percentage yield, rates may change). This is much higher than the average savings account rate.

The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually.

Annual Percentage Yield

What fees does BaskBank charge?

BaskBank does not charge a monthly service fee. See the fee breakdown section below to view all fees.

What features and perks does BaskBank offer?

This savings account includes the following features:

Can you set up a direct deposit to BaskBank?

Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.

What is the customer support email for BaskBank?

The customer support email for BaskBank is customersupport@baskbank.com.

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Message from BaskBank

If you can't decide between earning interest or miles, then why not do both? It's easy to transfer funds between your accounts. You can have both a Bask Mileage Savings account and a Bask Interest Savings Account. You can also have up to five CD accounts per product type, per owner.

Contact

Headquarters

2000 McKinney Ave

Dallas, TX 75201

(833) 260-4320

Visit Site

Email Support

Hours of Operation

Sunday

Closed

Monday

7:00AM - 7:00PM

Tuesday

7:00AM - 7:00PM

Wednesday

7:00AM - 7:00PM

Thursday

7:00AM - 7:00PM

Friday

7:00AM - 7:00PM

Saturday

9:00AM - 4:00PM

Other Services by Bask Bank

Other Savings Accounts from Bask Bank

Bask Mileage Savings Account

Rating not yet determined

2 reviews

APY (Annual Percentage Yield)

N/A

Disclaimer popup with additional information

Minimum Opening Deposit

Disclaimer popup with additional information

Minimum Balance to Earn APY

Visit Site

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SuperMoney Net Recommendation Score

Not enough SuperMoney users have reviewed this product to provide a recommendation score or rating.

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The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.

Bask Interest Savings Account Community Reviews

Would you recommend Bask Interest Savings Account to your friends?

George A.

Feb 3, 2023

May or may not recommend

Through its Mileage Savings Account, Bask Bank provided me a rare opportunity to combine my banking and airline mileage needs into a single, easy-to-manage account. In fact, for every dollar I saved in my account annually, I recieved two American Airline AAdvantage miles.

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