Bask Bank products and services

Here’s a closer look at the account options offered by Bask Bank:

• Bask Interest Savings Account: The Bask Bank Interest Savings Account is an online high-yield savings account, which ranks among our list of the 10 best high-yield savings accounts available today. This account doesn’t charge any monthly account fees or impose any minimum balance requirements. However, it’s important to note that Bask Bank does not offer ATM or debit cards, so withdrawals must be made electronically or via wire transfer. Right now, this account offers an impressive 5.10% APY — more than 11 times the national average.

• Bask Mileage Savings Account: The Bask Mileage Savings Account is a rewards savings account that allows account holders to earn 2.5 American Airlines AAdvantage miles for every $1 saved annually. Miles accrue daily and are awarded monthly based on your average monthly balance.

• Bask Certificate of Deposit Account: Bask Bank’s CD accounts offer an alternative to its high-yield and rewards savings options for savers who have a specific goal and timeline in mind. These CDs range in terms from six to 24 months and offer rates as high as 5.10% APY. A minimum opening deposit of $1,000 is required.

See our picks for the 10 best online banks in 2024>>

Bask Bank fees

Bask Bank doesn’t charge many bank fees, but you may incur certain fees based on your account usage and needs. Here’s a closer look at Bask’s fee structure:

Bask Bank pros and cons

Here are some of the major pros and cons to be aware of before banking with Bask:

Pros:

• Competitive rates: Bask’s savings accounts and CDs offer APYs well above 4% APY, or even 5% APY in certain cases. That’s significantly higher than the national average interest rate for traditional savings accounts and CDs.

• No monthly fees or minimum deposit requirements: Bask Bank doesn’t charge any monthly maintenance fees or require a minimum amount to open a savings account. There is also no minimum deposit required to open a CD, but your account must be funded within 10 days of opening to avoid account closure.

Cons:

• No physical locations: Bask is an online bank with no physical branches for customers to visit.

• Limited account offerings: Bask only offers two types of accounts — high-yield savings accounts and CDs. This could be a drawback for customers with various banking needs who may want a checking account option, credit cards, or other types of products.

Customer service and mobile banking experience

Bask Bank customers can contact a customer service representative via telephone Monday through Friday from 7:00 a.m. to 7:00 p.m. CT and Saturdays from 9:00 a.m. to 4:00 p.m. CT. You can also reach a customer service representative via email.

The Bask Bank mobile app is available for download on the App Store and Google Play and has an average rating of 4.7 and 4.5, respectively. Customers can use the app to check account balances and transaction history, move money between accounts, schedule recurring deposits, and contact customer support.

Frequently asked questions

Is Bask Bank FDIC-insured?

Yes. Bask Bank is an online division of Texas Capital Bank, which is an FDIC-insured institution. Deposits are protected up to $250,000 per depositor, per ownership category.

What is Bask Bank’s routing number?

Bask Bank’s routing number is 111026177.

Where is Bask Bank headquartered?

Bask Bank is headquartered in Dallas, Texas.

Is Bask Bank a legitimate bank?

Yes. Bask Bank is one of the oldest online banks, operating since 1999. It offers reputable high-interest, low-fee deposit accounts.

Who owns Bask Bank?

Bask Bank is a division of Texas Capital Bank, an FDIC-insured bank headquartered in Dallas.

How old is Bask Bank?

Bask Bank has been operating since 1999.