Bask Bank has slashed its CD rates.
Its 18-month and 2-year CDs had been market leading until today. The 18-month was lowered from 4.90% to 4.75% APY. The 2-year fell from 4.75% to 4.50% APY. All other terms were lowered as well.
Bask Bank entered the market several years ago by offering savings accounts that pay interest in the form of American Airlines miles. While Bask's mileage savings account has not be interesting for some time, it sure seems we might be going back to an interest rate environment were it becomes worthy of consideration.