Available for residents nationwide, Bask Bank offers an Interest Savings Account with 4.20% APY.
Update 5/30/25:
- The Bask Bank Interest Savings offers the current 4.20% APY (down from 4.35% APY) rate only.
- If you want to earn AA miles, then sign up for the Bask Mileage Savings account. Currently, you’ll earn 2 American Airlines AAdvantage® miles for every $1 saved annually when you open a Bask Mileage Savings Account.
- These are two different accounts.
Editor’s Note: Interested in opening a CD account? See our review of Bask Bank’s competitive CD rates.
About Bask Bank Interest Savings
Bask Bank was the first online-only savings bank in the U.S. through Texas Capital Bank. Launched in 1999, they provide a variety of saving as well as earn!
I’ll review Bask Bank Interest Savings below.
| Balance Requirement | APY Rate |
| None | 4.20% |
Bask Bank Interest Savings Rate
The Bask Interest Savings Account has no minimum opening deposit or stated balance cap. You can add up to five beneficiaries through your online banking.
- What you’ll get: 4.20% APY
- Account Type: Interest Savings Account
- Availability: Nationwide, online only
- Minimum Balance: None
- Maximum Balance: None
- Credit Inquiry: Soft Pull
- Opening Deposit: None
- Monthly Fee: None
- Early Termination Fee: None. The account must be funded within 60 days.
(FDIC Insured)
Bask Bank ACH Capabilities and Limits
| ACH Type | Speed | Daily $ Limit | Monthly $ Limit | Notes |
| Push | 1-3 business days | $250K | $300K | $150,000 per transaction |
| Pull | 1-3 business days | $250K | $300K | Two (2) External accounts may be linked to your Bask Account. |
If you need assistance with transferring larger amounts, please contact Customer Support.
How to Earn Bask Bank Rate
- Click on the Open Account button and apply for an Interest Savings Account
- Input your info – Provide your name, address, phone, email and social security number or Tax ID
- Fund the account – Transfer funds electronically from an internal account here or an external account at another bank
- The minimum opening deposit is $0.
Why You Should Sign Up For This Account
- Earn a higher rate on your savings
- Zero minimum balance requirements
- Zero monthly account fees
- FDIC-insured deposits
- There are no monthly fees
Bask Bank Mileage Savings 10,000 AAdvantage Bonus Miles
Editor’s Note: You can earn up to 10,000 AAdvantage miles.
- To qualify for this offer, you must be a first time Bask Mileage Savings Account customer, open a Bask Mileage Savings Account between December 1, 2024 and February 28, 2025, fund your Bask Mileage Savings Account within 15 business days following the initial account opening and maintain a minimum daily account balance of $50,000 for 180 consecutive days out of the first 210 days following the initial account opening.
- AAdvantage® bonus miles are awarded within 10 business days upon meeting offer qualifications and may take 6 to 8 weeks to post to your AAdvantage® account. The value of this bonus offer will be reported to the IRS, and the recipient is responsible for any federal, state or local taxes on this offer.
Bottom Line
Check out this offer from Bask Bank and open an Interest Savings Account to earn the high rate today!
For more interest account offers, see the complete list of Best Bank Rates and the best CD rates!
Interested in Bank Bonuses? See our favorite banks including U.S. Bank, Bank of America, Chase Bank, Huntington Bank, Discover Bank, TD Bank, or CIT Bank.
Check back often to see the latest info on Bask Bank Interest Savings Account.
Fantastic rate but I’m concerned about Bask long term apy. Most of these smaller banks have apy at the beginning than begin lowering it down once they get enough customers. I’m hoping Bask Bank is not like that.