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Bask Bank, a division of Texas Capital Bank

Bask Bank, a division of Texas Capital Bank

Deposit Rates	APY	Vs.Others
Savings	4.50%	5.50% →
1-Year CD	4.25%	4.65% →
2-Year CD	3.75%	4.25% →
3-Year CD	N.A.	4.15% →
4-Year CD	N.A.	4.05% →
5-Year CD	N.A.	4.05% →

Reviewed by smithy1968 | April 20, 2024 |

Savings Rates

Save your tears for another day. Very frustrating. 1-star.

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Reviews

Deposit Rates - December 21, 2024

Online Savings and Money Market Rates

Online Savings and Money Market Rates	APY	MIN	MAX
Interest Savings Account	4.50%	$0	-	Learn More Reviews

Online CD Rates

Online CD Rates	APY	MIN	MAX
3 Month CD	4.65%	$1,000	-	Learn More Reviews
6 MONTH	4.45%	$1,000	-	Learn More Reviews
9 Month CD	4.30%	$1,000	-	Learn More Reviews
12 MONTH	4.25%	$1,000	-	Learn More Reviews
18 MONTH	3.90%	$1,000	-	Learn More Reviews
24 MONTH	3.75%	$1,000	-	Learn More Reviews

Bank Offers

Bask's Interest Savings Account Rate is now 0.80% APY

Apr 2, 2022

Bask raised its interest savings account rate from 0.70% to 0.80% APY.

Bask Raises Its Online Savings Rate to 1.25%

May 5, 2022

This is the point where long-time account holders of Bask's AAdvantage program may want to start to seriously thinking about switching over the cash interest.

Bask Bank Raises Online Savings to 2.02% APY

Jul 20, 2022

Bask has raised its online savings rate to 2.02% APY. As of this moment, this is the highest nationally available online savings rate.

Learn More

Bank Bank increases Its Online Savings Rate to 2.20% APY

Aug 16, 2022

Bask has raised its online savings rate again.

Bask Bank Raises Online Savings to 2.53% APY

Sep 12, 2022

Bask has raised its online savings rate by 33 BPS on September 12, 2022.

Bask Bank Raises Its Online Savings Rate to 2.75%

Sep 22, 2022

Bask Bank has raised its online savings rate from 2.53% to 2.75% in the aftermath of the Fed's move to raise the Fed Funds over 3%.

Bask Bank Raises Its Online Savings Rate to 3.05%

Oct 13, 2022

The bank has raised its online savings rate from 2.75% to 3.05% APY this morning.

Bask Bank's Online Savings Rate is Now 3.60% APY; CDs also Raised

Nov 4, 2022

Bask has raised its online rate to 3.60%. Its 6-month CD is at 4.00% and its 12-month CD is at 4.10%.

Bask Bank Raises Its Online Savings Rate to 3.85%

Nov 30, 2022

Bask Bank has raised its online savings rate from 3.60% to 3.85% APY today.

Bask Bank Raises Its Online Savings Rate to 4.03% APY

Dec 13, 2022

Bask Bank has raised its online savings rate to 4.03% APY this morning. It had previously been at 3.85%.

Bask Bank Raises Online Savings to 4.25% APY

Feb 4, 2023

Bask Bank's rate had previously stood at 4.15% APY.

Bask Bank also raised its 6-month and 12-month CD rate to 4.45% and 4.55%, respectively.

Bask Bank Raises Online Savings Rate to 4.35% APY

Mar 13, 2023

Bask Bank has raised its online savings rate by 10 basis points today.

Bask Bank Raises Interest Savings Rate to 4.45% APY

Mar 20, 2023

Bask raised its interest savings rate today by 10 basis points to 4.45% APY.

It also raised its 6-month and 12-month CD rates to 4.85% APY and 4.70% APY, respectively.

Bask Bank Raises Interest Savings Rate to 4.65% APY

Apr 12, 2023

Bask has raised its online savings rate by 20 basis points today.

Bask Raises Its Online Interest Savings Account by 10 basis points to 4.75% APY

Apr 27, 2023

Bask has raised its interest savings account to 4.75% APY.

Even for those valuing American Airlines miles highly, this rate is more superior to earning 2 AA miles per dollar per year in its mileage savings account.

Bask Bank Raises Interest Savings Rate to 5.00% APY

Jul 31, 2023

Bask Bank has raised its interest savings rate from 4.85% to 5.00% APY.

Bask's mileage savings program now offers 2.50 AA miles per year per dollar on deposit, and offers a 20,000 point bonus for $50,000 on deposit for more than 180 days.

Bask Bank Raises Its Online Interest Savings Account by 10 basis points to 5.10% APY

Oct 18, 2023

Bask continues to be a rate leader on the savings side and now offers an online rate slightly above many other well-known online banks.

Bask Lowers Its CD Rates

Aug 1, 2024

Bask Bank has lowered its CD rates slightly. Its 12-month rate now stands at 5.25% APY and its 6-month rate now stands at 5.30% APY.

These rates are still very attractive compared to Treasurys, especially for those residing in states without state income tax.

Bask Bank Slashes CD Rates

Sep 9, 2024

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.

Bask Bank Lowers Its Online Savings Rate

Dec 20, 2024

Bask Bank has lowered its online savings rate from 4.65% to 4.50% APY.

Climate Policy and Initiatives

Parent Bank Initiatives:

Texas Capital Bank is a significant funding source for the oil and gas industry and has no climate action plan.

Updated April 3, 2024

Bask Bank, a division of Texas Capital Bank Climate Score: D

Bask Bank, a division of Texas Capital Bank Climate Score Info: In spite of its location in Austin, the bank has not financed any renewable energy project, has no climate action plan and remains a significant funding source for the oil and gas industry.