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Bask Bank Review: Overall Rating
| Product | Overall rating |
| Interest Savings Account | 4.25 |
| Mileage Savings Account | 4 |
| CDs | 3.5 |
| Trustworthiness | 4 |
| Total | 4 |
Bask Bank Pros and Cons
| Pros | Cons |
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About Bask Bank
Bask Bank is an online division of Texas Capital Bank. It has two types of savings accounts: the
The online-only bank doesn't have ATMs, debit cards, or ATM cards. You'll need to link an external bank account and transfer funds if you'd like to deposit money into your account.
Bask Bank's mobile app is rated 3.4 out of 5 stars in the Google Play store and 3.5 out of 5 stars in the Apple store.
If you have questions about a bank account, call customer support from 7 a.m. to 7 p.m. CT on Mondays through Fridays, or 9 a.m. to 4 p.m. CT on Saturdays.
Your deposits are FDIC-insured through Texas Capital Bank. Up to $250,000 is secure in a bank account.
Is Bask Bank Trustworthy?
Bask Bank hasn't been involved in any recent public settlements.
We use also ratings from the Better Business Bureau so you can see how a bank addresses customer issues.
Bask Bank received a B rating from the BBB because it's received 30 customer complaints on the BBB website. However, its parent company, Texas Capital Bank, has an A+ rating from the BBB.
BBB ratings aren't necessarily the be-all and end-all. To see if a company is ideal, you may also read online customer reviews or talk to current customers.
Bask Bank FAQs
Is Bask Bank a legitimate bank?
Yes, Bask Bank is a legitimate financial institution. It is an online-only savings bank and division of Texas Capital Bank.
Is Bask Bank insured?
Yes, Bask Bank has FDIC insurance through its parent bank, Texas Capital Bank. Up to $250,000 is safe in an individual account. This means that if Bask Bank or Texas Capital Bank shuts down, your insured money is secure.
What interest rate is Bask Bank paying?
The Bask Bank Interest Savings Account paying
Does Bask Bank pay interest monthly?
Bask Bank compounds interest daily. Interest on the Bask Bank Interest Savings Account is credited on the last day of the statement cycle. Interest on Bask Bank CDs is also paid monthly.
Does Bask Bank come with a card?
Bask Bank does not have debit cards or ATM cards.
Bask Bank Account Reviews
Bask Bank Savings Accounts
Bask Bank pays a competitive interest rate that's higher than what many traditional and high-yield savings accounts pay right now. You may like the
The one downside to the
You might find the
To earn AAdvantages miles, you must provide your AAdvantage account number. Otherwise, you won't be able to earn miles.
For new Bask Mileage Savings Account customers, if you fund your Bask Mileage Savings Account within 15 business days following the initial account opening and maintain a minimum daily account balance of $25,000 for 90 consecutive days out of the first 120 days following the initial account opening, you can earn up to 5,000 Bonus AAdvantage® miles.
See Insider's guide to the best bank account bonuses and promotions>>
Bask Bank Certificates of Deposit
Bask Bank also now offers four CD options: a 6-month, 12-month, 18-month, and 24-month CD. Bask Bank CDs offer competitive interest rates. But if you're looking for terms over 2 years, our best CD rates guide includes long-term options.
Compare Bask Bank
Bask Bank vs. Bread Savings
Bask Bank may be a better choice if you're a frequent traveler. The
In terms of opening a high-yield savings account or CD, it could be a toss-up between the two banks.
The
Meanwhile, for CDs, it will likely depend on the term you choose. Bread Savings has more CD terms, but you'll need at least
Bask Bank vs. Marcus
You'll likely prefer Bask Bank to Marcus if you are strictly looking to earn a high interest rate on a savings account. The
Marcus has a variety of CD options, including a Marcus No-Penalty CD, which is a CD that doesn't charge early withdrawal penalties. Ultimately, the best option for you might depend on which CD you'd like to open.
Why You Should Trust Us: How We Reviewed Bask Bank
At Personal Finance Insider, we rate savings, checking, CD, and money market accounts using our banking methodology and CD methodology.
Each account receives a rating between 0 and 5. We evaluate a bank's ethics, customer service, and mobile app for all accounts. We also consider different features for specific types of bank accounts. For example, we look at monthly service fees for savings accounts and early withdrawal penalties for CDs.