Bask Bank Review (2026)
Bask Bank is the online division of Texas Capital Bank, and it lets you choose between interest and American Airlines AAdvantage miles on savings. It suits savers who want a solid rate with no minimum to open, or frequent American Airlines flyers who would rather collect miles. Bask Interest Savings paid 3.90% APY on October 19, 2026 (variable); a 4.30% offer through December 31, 2026 needs a new checking account and several monthly conditions.
By Wealthy Pot Editorial · Facts checked October 19, 2026
Facts checked October 19, 2026 against Bask Bank's own rate page, account disclosures and fee schedule (6 sources, listed below). We re-check prices about once a month. We do not earn a commission from Bask Bank.
Bask Bank at a glance
| APY | 3.90% (3.82% interest rate), as of October 19, 2026; variable [1] |
|---|---|
| Limited-time offer | +0.40% Rate Boost to 4.30% APY for up to six statement periods, for new customers who open savings and Interest Checking from October 1 to December 31, 2026 [3] |
| Miles option | Bask Mileage Savings earns 1.75 AAdvantage miles per $1 saved annually instead of interest [2] |
| Balance tiers | None: one rate on the whole balance [2] |
| Minimum | $0 to open and no minimum balance; an account left unfunded for 15 business days may be closed [1] |
| Monthly fee | $0 [2] |
| Outgoing wires | Domestic $20 online or $35 manual; international $35 online or $50 manual; incoming $0 [2] |
| Interest | Calculated each day on the daily balance; paid monthly [1] |
| ACH limits | $50,000 to $150,000 per transaction and $100,000 to $250,000 per day, depending on your relationship [5] |
| ATM or debit card | Not available on savings (Interest Checking has a debit card) [5] |
| Checking | Yes, Bask Interest Checking at 1.00% APY [2] |
| Insured bank | Texas Capital Bank (Bask Bank is a division) [1] |
Bask Bank in official federal data
Rate compared with the national average
Bask Bank's savings APY of 3.90% (as of October 19, 2026) is about 10.3 times the FDIC's national average for savings accounts, 0.38% (as of October 19, 2026). On $10,000 kept for a year, that is about $390 in interest against $38 at the national average, before tax and assuming the rate stays the same (variable savings rates rarely do).
Who holds your money
- Deposits are held by Texas Capital Bank, FDIC certificate #34383, based in Dallas, TX, established October 3, 1997 according to the FDIC. Bask Bank is a division of Texas Capital Bank.
- FDIC insurance covers up to $250,000 per depositor, per insured bank, for each account ownership category. Money held at the same bank under another brand name counts toward the same limit.
- Size: $29.4 billion in deposits and $33.6 billion in total assets (June 30, 2026 call report). Primary federal regulator: Federal Reserve.
Customer complaints filed with the CFPB
From October 2025 through September 2026, consumers sent the Consumer Financial Protection Bureau 68 complaints about checking or savings accounts at TEXAS CAPITAL BANCSHARES, INC., about 2.31 per $1 billion of deposits; the company responded on time to 100%. Complaint counts grow with the number of customers and cover the whole company, including checking accounts, and the CFPB does not verify each complaint, so treat them as a rough signal. Read the complaints.
Sources: FDIC BankFind (certificate, deposits and assets), FDIC national deposit rates (October 19, 2026), CFPB Consumer Complaint Database (product "Checking or savings account"). Updated monthly.
How Bask Bank works
Bask Interest Savings pays one variable rate on the whole balance: 3.90% APY on October 19, 2026. Interest is calculated on each day's balance and paid monthly. There is no minimum to open and no monthly fee, but Bask may close an account that stays unfunded for 15 business days. The alternative is Bask Mileage Savings, which pays no interest and instead earns 1.75 American Airlines AAdvantage miles per $1 saved per year.
The More Ways to Bank offer adds 0.40% for up to six statement periods, for 4.30% APY, if you are a new customer, open both a savings account and a Bask Interest Checking account between October 1 and December 31, 2026, and each period keep an average of $10,000 or more in savings, make $2,500 or more in qualifying automated deposits into checking and keep at least $100 a day in checking. The boost applies only to the first $250,000 of average balance. A hypothetical, assuming the 3.90% rate does not change and using simple interest: $20,000 for six periods at 4.30% earns about $20,000 x 4.30% x 0.5 = $430, and the next six months at 3.90% about $20,000 x 3.90% x 0.5 = $390. That is about $820 for the year, a blended 4.10%, plus Bask's $50 cash bonus for each qualifying period (up to $300).
For the miles option, the same $20,000 would earn 35,000 AAdvantage miles a year ($20,000 x 1.75) instead of about $780 in interest at 3.90%. Whether that trade makes sense depends on how you value the miles. The federal data section on this page shows Texas Capital Bank's deposits, how the rate compares with the FDIC national average and its CFPB complaint count.
Pros
- No minimum to open, no minimum balance and no monthly fee
- Choice of interest or American Airlines miles
- Published ACH limits and wire fees, plus phone support six days a week
- Checking available at the same bank
Cons
- The 4.30% offer needs a new checking account, $10,000 in savings and $2,500 a month in automated deposits
- No debit or ATM card on savings
- Outgoing wires cost $20 to $50
- Mileage Savings pays no interest at all
Who Bask Bank fits, and who should skip it
A good fit if
- You want a solid rate with no minimum to open and no deposit condition.
- You fly American Airlines and would rather earn AAdvantage miles than interest.
- You can move a paycheck to a new checking account and keep $10,000 in savings to earn the 4.30% offer.
Look elsewhere if
- You want an ATM card on your savings: UFB Direct includes one.
- You want a higher standard rate without a new checking account: Openbank paid 4.00% on October 19, 2026.
- You hold more than $250,000 and want it all insured in one place: Wealthfront Cash spreads deposits across program banks.
Limitations to know
- The Rate Boost needs a $10,000 average monthly savings balance, $2,500 or more in monthly qualifying automated deposits to checking and a $100 minimum daily checking balance. [3]
- The boost is for new customers only: anyone who had or closed a Bask savings or checking account in the 12 months before October 1, 2026 is not eligible. [3]
- ACH transfers are capped at $50,000 to $150,000 per transaction and $100,000 to $250,000 per day, with 6 to 12 transfers a month, depending on your relationship. [5]
- Debit cards are not available for Interest Savings, Mileage Savings or CDs. [5]
- You can hold up to two individual and two joint Interest Savings accounts. [5]
Bask Bank compared with alternatives
| Account | APY | Monthly fee | To open | For the APY | Insurance |
|---|---|---|---|---|---|
| Bask Bank | 3.90% APY (Interest Savings, Oct 19, 2026; or earn American Airlines miles instead) | $0 | $0 | $0 | FDIC-insured (Texas Capital Bank) |
| Openbank | 4.00% APY standard (4.35% for 6 months for new customers), Oct 19, 2026 | $0 | $500 | $0 | FDIC-insured (Santander Bank, N.A.) |
| Bread Savings | 4.05% APY (Oct 2026) | $0 | $100 | $100 | FDIC-insured (Comenity Capital Bank) |
| UFB Direct | 3.26% APY on all balances (new customers: 4.01% for 6 statement cycles with code UFB75, opened by Oct 31, 2026) | $0 | $0 | $0 | FDIC-insured (Axos Bank) |
| Barclays | 3.50% APY under $250,000; 3.65% from $250,000 (Tiered Savings, Oct 7, 2026) | $0 | $0 | higher balance tiers | FDIC-insured |
- Pick Openbank if you can open with $500 and want a 4.00% standard rate.
- Pick Bread Savings if you want one high rate with no checking account needed.
- Pick UFB Direct if you want an ATM card on savings.
- Pick Barclays if you want no minimum and a tiered rate from a large bank.
Security and privacy
- Bask Bank is a division of Texas Capital Bank; deposits with both are added together for FDIC purposes. [1]
- FDIC insurance covers at least $250,000 per depositor, per bank, for each account ownership category. [1]
- The boost applies only to the first $250,000 of average balance, matching the standard per-category insurance limit. [3]
- Customer support is by phone at 833-260-4320, Monday to Friday 7 a.m. to 7 p.m. CT and Saturday 9 a.m. to 4 p.m. CT, or by secure message. [6]
Recent changes
| Date | What changed |
|---|---|
| Oct 1, 2026 | New More Ways to Bank offer: 0.40% Rate Boost to 4.30% APY with savings plus checking and monthly conditions. [3] |
| Aug 31, 2026 | Earlier 0.10% new-customer and 0.25% direct deposit boosts closed to new accounts. [4] |
Bask Bank FAQ
Is Bask Bank FDIC insured?
Yes. Bask Bank is a division of Texas Capital Bank, which is FDIC insured. Deposits at Bask and Texas Capital are added together and insured up to at least $250,000 per depositor, per bank, for each ownership category.
What is the Bask Bank savings rate today?
Bask Interest Savings paid 3.90% APY on October 19, 2026. The rate is variable. New customers who also open Interest Checking by December 31, 2026 and meet the monthly conditions can earn 4.30% for up to six statement periods.
Does Bask Bank have a minimum?
No. There is no minimum to open and no minimum balance, though an account left unfunded for 15 business days may be closed.
How many miles does Bask Mileage Savings earn?
1.75 American Airlines AAdvantage miles per $1 saved annually, paid instead of interest. A $10,000 balance held for a year would earn 17,500 miles.
Does Bask Bank have an ATM card?
Not on savings. A debit card comes only with Bask Interest Checking.
How we researched this review
We did not get paid for this page. On October 19, 2026 we read Bask Bank's own rate page, account disclosures, fee schedule and help pages, quoted each fact and link every one below. FDIC and CFPB figures come straight from the agencies' public data. We did not open an account to test it, and we do not rate banks with stars. Savings rates are variable; we re-check them about once a month.
Sources
- Bask Bank, Interest Savings Account page, checked October 19, 2026.
- Bask Bank, Rates and fee schedule (effective September 23, 2026), checked October 19, 2026.
- Bask Bank, More Ways to Bank offer disclosures, checked October 19, 2026.
- Bask Bank, Promotional offers terms and conditions, checked October 19, 2026.
- Bask Bank, FAQ, checked October 19, 2026.
- Bask Bank, Contact us, checked October 19, 2026.
This review is for general information, not financial advice. Savings rates are variable and can change at any time; confirm the current APY with the bank before opening an account.