4.1/5
Service Evaluation
Key Takeaway: Bask Bank (Expert Score: 4.1/5.0)
Bask Bank earns a BestGuide Expert Score of 4.1/5.0, with a 90 out of 100 score in CD Rates and APY Competitiveness. Launched in early 2020 as the online-only division of Texas Capital Bank (a subsidiary of Texas Capital Bancshares, NASDAQ: TCBI, founded December 18, 1998 in Dallas, TX), Bask Bank focuses on high-yield deposits including Interest Savings, Interest Checking (1.00% APY), and CDs ($1,000 minimum). Trust signals are mixed: parent Texas Capital Bank holds a BBB B rating (Not BBB Accredited) with 25 complaints in the last 3 years and customer reviews averaging 2.57 out of 5 across 7 BBB reviews. All deposits are FDIC insured up to $250,000 through Texas Capital Bank.
In our comprehensive Bask Bank review, the online-only bank receives an Expert Score of 4.1 out of 5.0 from BestGuide’s expert panel. This score reflects its competitive interest rates on deposit products, offset by a limited product range, mixed BBB customer feedback, and a parent bank that is Not BBB Accredited. Bask Bank, the digital division of Texas Capital Bank, specializes in high-yield Interest Savings, an Interest Checking account with a competitive 1.00% APY, and certificates of deposit, making it a compelling option for consumers whose primary goal is maximizing returns on their everyday banking.
Our analysis of dozens of Bask Bank reviews and financial data shows its core strength lies in its APYs, which consistently rank in the top tier of U.S. online banks. While it lacks physical branches, its streamlined digital platform and the regulatory backing of Texas Capital Bank (FDIC-insured, supervised by the Texas Department of Banking) appeal to savers comfortable with online-only banking. The Bask Bank high yield savings account, Bask Interest Checking, and Bask Bank certificate of deposit options are its flagship products, alongside a unique Mileage Savings Account that earns American Airlines AAdvantage miles instead of interest.
Compare Bask Bank with other top-rated high-yield savings accounts to see how it stacks up against competitors.
How Bask Bank Works
Opening an Account
To open a Bask Bank account, customers must complete an online application that takes approximately 5 to 10 minutes. Applicants must be at least 18 years old, a U.S. citizen or permanent resident, and provide a Social Security number and a U.S. street address. Based on our tests, the identity verification process is typically instant, allowing for account funding on the same day. Important: Bask Bank requires accounts to be funded within set windows after opening (10 business days for CDs and 15 business days for checking or savings accounts), or the bank may automatically close the account.
Funding and Managing Your Money
Accounts are funded via electronic ACH transfer from an existing external bank account. Bask Bank allows customers to link multiple external accounts for transfers. The Bask Interest Savings has no minimum deposit, the Interest Checking has no minimum deposit, and the Bask Bank Certificate of Deposit requires a minimum of $1,000. All account management, including viewing balances and initiating transfers, is done through the bank’s website or mobile app.
Earning Interest
Interest on the Bask Interest Savings and Interest Checking accounts is compounded daily and credited to the account monthly. For CDs, interest is also compounded daily and can be paid out monthly or at maturity, depending on the term selected. Bask Bank interest rates are a primary feature, with APYs across all three deposit products consistently above the FDIC national average for similar accounts.
Who Bask Bank Is Best For
Bask Bank is best for digitally savvy savers and everyday banking customers who want competitive interest rates on both checking and savings without the need for branch access. It is an ideal fit for individuals who want to earn 1.00% APY on their everyday checking balance, savers with at least $1,000 to invest in a fixed-rate CD, and those who want a fee-free high-yield savings account for an emergency fund. The unique Mileage Savings Account makes it attractive for frequent American Airlines travelers who prefer accumulating AAdvantage miles instead of interest. Bask Bank is less suitable for customers who need a full-service bank with loans, mortgages, or credit cards, or for customers who require longer-term CDs (Bask offers terms up to only 2 years).
Bask Bank CD Rates
Bask Bank offers six fixed-rate certificates of deposit with terms ranging from 3 months to 2 years (24 months). All CDs require a $1,000 minimum deposit, funded via ACH transfer from a linked external account within 10 business days of opening (or the account is automatically closed). APYs are fixed at the time of opening, with interest compounded daily and paid out either monthly or at maturity depending on the term.
Key features of Bask Bank CDs include:
- Minimum deposit: $1,000 across all CD terms.
- Term lengths: Six fixed terms from 3 months to 24 months (2 years). Bask does not offer terms longer than 2 years.
- No specialty CDs: Bask offers only standard fixed-rate CDs. No no-penalty CDs, bump-up CDs, or IRA CDs.
- Funding window: CDs must be funded within 10 business days of opening or the account is automatically closed.
- Early withdrawal penalties: 90 days simple interest for terms of 12 months or less; 180 days simple interest for terms longer than 12 months.
- FDIC insured through Texas Capital Bank up to $250,000 per depositor (combined with Texas Capital Bank deposits).
The trade-off Bask Bank offers on CDs is competitive short-to-mid-term yields against a narrow term range. For savers who want to lock in rates for less than 2 years, Bask is competitive. For savers seeking 3-year, 5-year, or longer terms, other online banks like Marcus by Goldman Sachs or Synchrony Bank offer broader term lineups.
Bask Interest Checking
The Bask Interest Checking account is one of Bask Bank’s flagship products and stands out in the broader online checking market by offering 1.00% APY on every dollar, a meaningful yield in a checking category where most accounts pay no interest at all. The account has no monthly fees, no minimum opening deposit, and no minimum balance requirement.
Key features of Bask Interest Checking include:
- 1.00% APY on all balances, with interest compounded daily and credited monthly.
- No monthly fees, no minimum opening deposit, no minimum balance requirement.
- Visa debit card with nationwide acceptance.
- 55,000+ surcharge-free ATMs through the Allpoint network.
- Funding window: Account must be funded within 15 business days of opening.
- FDIC insured through Texas Capital Bank up to $250,000 per depositor (combined with Texas Capital Bank deposits).
The Bask Interest Checking account is most useful for customers who want their everyday operating cash to earn meaningful interest while remaining accessible for daily spending. Compared to traditional checking accounts at brick-and-mortar banks (which typically pay 0.00 to 0.10 percent APY), the 1.00% APY can add up materially over the course of a year on balances in the thousands. Bask Bank’s website also periodically lists a sign-up bonus offer for new Interest Checking customers; promotional terms vary, so prospective customers should verify the current offer on the Bask Bank site before opening.
Bask Interest Savings (High-Yield Savings)
The Bask Interest Savings is Bask Bank’s high-yield savings account. It has no monthly fees, no minimum deposit to open, and no minimum balance to earn the stated APY. The account regularly ranks among the higher-yielding HYSA options in the online banking market, with the APY tied to qualifying account activity (eligibility and terms apply).
For customers who want to maximize savings APY without the lockup of a CD, the Bask Interest Savings paired with the Bask Interest Checking creates a useful two-account structure: keep daily-use funds in checking (earning 1.00% APY) and longer-horizon savings in the Interest Savings account at a higher rate.
Compare Bask Interest Savings with other top-rated high-yield savings accounts to see how its APY compares.
Bask Mileage Savings (American Airlines AAdvantage)
Bask Bank is unique among U.S. online banks for offering a savings account that earns American Airlines AAdvantage miles instead of interest. The Mileage Savings account earns 2.5 AAdvantage miles per dollar saved annually, providing an alternative for frequent American Airlines travelers who value miles more than cash yield. The account has no monthly fees and no minimum balance requirement. It is FDIC insured through Texas Capital Bank up to $250,000 per depositor.
This product is highly differentiated and may be valuable for travelers who can extract above-market value from AAdvantage redemptions (premium cabin awards, partner airline awards, etc.). For purely cash-yield savers, the Bask Interest Savings is the better fit.
Bask Bank Standout Features
BestGuide’s analysis identified three key features that differentiate Bask Bank from its competitors.
Competitive APYs Across All Deposit Products: Bask Bank’s primary advantage is consistent rate-leadership across checking, savings, and CDs. Most online banks offer competitive rates on one or two products; Bask offers them on all three deposit categories, including 1.00% APY on checking (rare in the online banking market).
FDIC Insurance Through Texas Capital Bank: A common question is ‘is Bask Bank FDIC insured?’. Yes, all deposit accounts are protected by FDIC insurance up to $250,000 per depositor, per ownership category. This coverage is provided through its parent institution, Texas Capital Bank (a subsidiary of Texas Capital Bancshares Inc., NASDAQ: TCBI), a publicly traded commercial bank founded December 18, 1998. Note that FDIC coverage is calculated by combining the sum of deposits at Bask Bank and Texas Capital Bank, since both are products of the same FDIC-insured institution.
Unique American Airlines Mileage Option: The Bask Mileage Savings account is the only U.S. online savings account that earns AAdvantage miles instead of cash interest, providing a differentiated value proposition for frequent American Airlines travelers.
Bask Bank Pros and Cons
| Pros | Cons |
|---|---|
| Competitive APYs Across Three Products: Strong rates on Interest Savings, Interest Checking (1.00% APY), and CDs simultaneously. | BBB B Rating, Not Accredited: Parent Texas Capital Bank holds a BBB B rating with 25 complaints in the last 3 years; the parent is Not BBB Accredited. Customer reviews on the BBB profile average 2.57 out of 5 across 7 reviews. |
| FDIC-Insured Security: Deposits are FDIC-insured up to $250,000 through Texas Capital Bank, a publicly traded commercial bank (NASDAQ: TCBI parent, founded 1998). | Limited Product Range: No loans, mortgages, credit cards, or specialty CDs (no-penalty, bump-up, or IRA). |
| 1.00% APY Checking: Interest Checking earns 1.00% APY on every dollar with no minimums or monthly fees, rare in the online checking market. | $1,000 CD Minimum: A $1,000 minimum deposit is required for all CD terms, higher than some online competitors that offer $0 to $500 minimums. |
| Unique Mileage Option: Bask Mileage Savings earns 2.5 American Airlines AAdvantage miles per dollar saved, the only product of its kind among U.S. online banks. | Short CD Terms Only: CD terms top out at 24 months; savers seeking 3-year, 5-year, or longer CDs must look elsewhere. |
| No Monthly Fees: All Bask deposit products (Interest Savings, Interest Checking, CDs, Mileage Savings) have no monthly maintenance fees. | Strict Funding Windows: CDs must be funded within 10 business days of opening; checking and savings within 15 business days, or the account is automatically closed. |
Is Bask Bank Legit?
Yes, Bask Bank is a legitimate online bank. It is the digital banking division of Texas Capital Bank, a commercial bank headquartered at 1001 E Lookout Dr, Ste 700, Richardson, TX 75082 (Bask Bank’s listed address) and operating from Dallas, Texas as part of the Texas Capital footprint. Texas Capital Bank is a subsidiary of Texas Capital Bancshares, Inc. (NASDAQ: TCBI), a publicly traded bank holding company that is a member of the Russell 2000 Index and the S&P MidCap 400. Texas Capital Bank was founded December 18, 1998 with $80 million in startup capital (the largest for a new financial institution at that time) and completed its IPO in August 2003. Bask Bank itself launched in early 2020 as the online-only deposit subsidiary.
The parent company is led by President and CEO Rob C. Holmes, who joined Texas Capital in January 2021 and was also appointed Chairman of the Board in April 2025 (combining the CEO and Chairman roles). As of fiscal year-end 2025, Texas Capital Bancshares reported total assets of approximately $31.5 billion and revenue of $1.26 billion, with around 2,200 employees. Texas Capital Bank is supervised by the Texas Department of Banking.
Addressing the common search query, ‘is Bask Bank safe?’, all deposit accounts are protected by FDIC insurance up to $250,000 per depositor, per ownership category. Bask Bank operates exclusively online, adhering to federal banking regulations. It employs multi-factor authentication and data encryption to protect customer information.
Prospective customers should also be aware that the parent Texas Capital Bank BBB profile is mixed: the bank holds a BBB B rating (not the higher A or A+ rating common among large banks), is Not BBB Accredited, and has 25 complaints filed against the business in the last 3 years (10 closed in the last 12 months). Customer reviews on the BBB profile average 2.57 out of 5 across 7 reviews. These are meaningful trust signals for a depositor to weigh against the competitive APYs and product features Bask Bank offers.
Bask Bank BBB Rating and Accreditation
Bask Bank operates under the BBB profile of its parent company, Texas Capital Bank. The BBB profile is registered as “Bask Bank, a division of Texas Capital Bank” with BBB serving North Central Texas, with the BBB file opened March 12, 2020. The profile is registered at 1001 E Lookout Dr, Ste 700, Richardson, TX 75082.
Key details from the BBB profile:
- BBB Rating: B (the rating reflects BBB’s assessment of the business, with the primary factor cited being 25 complaints filed against the business).
- BBB Accreditation: Not Accredited.
- Complaints: 25 total complaints in the last 3 years, with 10 closed in the last 12 months.
- Customer Reviews: 2.57 out of 5 stars, based on 7 customer reviews.
- BBB File Opened: March 12, 2020 (coinciding with Bask Bank’s launch).
- Business Management: Rob C. Holmes (President/CEO of parent), Kevin Redelsperger (Assistant Vice President), Brandi Madere (Director).
- Regulator listed: Texas Department of Banking, Austin, TX.
For B2C financial services, BBB is a meaningful trust signal, and a B rating combined with Not Accredited status puts Bask Bank below the A+ Accredited tier where most of its direct competitors (Marcus by Goldman Sachs, Capital One, Popular Direct, Limelight Bank, FNBA) sit. The complaint volume (25 over 3 years) is not unusually high in absolute terms for an online bank, but the combination with the lower BBB letter grade is part of the profile depositors should weigh.
Bask Bank Cost: What You Should Expect to Pay
Bask Bank is a low-cost banking option. There are zero monthly maintenance fees or service charges associated with the Interest Savings, Interest Checking, CDs, or Mileage Savings accounts. There is also no minimum balance required to maintain the accounts or earn the stated APY after opening.
For a Bask Bank Certificate of Deposit, the primary cost is the initial deposit (minimum $1,000). The main potential fee is an early withdrawal penalty.
| CD Term | Early Withdrawal Penalty |
|---|---|
| 12 months or less | 90 days of simple interest |
| More than 12 months | 180 days of simple interest |
This penalty structure is standard across the CD market. Customer service is available by phone from 7 a.m. to 7 p.m. Central Time on weekdays and 9 a.m. to 4 p.m. on Saturdays.
Final Verdict: Bask Bank Review
Bask Bank earns an Expert Score of 4.1/5.0 in BestGuide’s final analysis. It stands out as a competitive choice for the dedicated saver and everyday banking customer who wants meaningful interest on all three deposit categories: Interest Savings, Interest Checking (a rare 1.00% APY), and CDs. The unique Mileage Savings account adds further differentiation for American Airlines AAdvantage travelers. The security of FDIC insurance through Texas Capital Bank (founded 1998, NASDAQ: TCBI parent, ~$31.5 billion in assets) provides institutional credibility.
The score reflects two notable considerations that prevent a higher rating. First, the product range is narrow: Bask offers only deposit products (no loans, mortgages, credit cards, or specialty CDs), and CD terms top out at 2 years, limiting it as a primary banking solution. Second, parent Texas Capital Bank’s BBB profile is mixed: a B rating, Not BBB Accredited, with 25 complaints in the last 3 years and 2.57/5 customer reviews on the BBB profile. These signals are materially weaker than the A+ BBB Accredited profiles of most direct competitors (Marcus by Goldman Sachs, Capital One, Popular Direct, Limelight Bank). For depositors comfortable with these trade-offs in exchange for competitive APYs across checking, savings, and CDs, Bask Bank remains a strong value. For those who prioritize the highest BBB trust signals or need a full-service bank, Capital One or Marcus by Goldman Sachs may be a better fit.
See our full comparison of the best high-yield savings accounts before making your decision.
Frequently Asked Questions About Bask Bank
What do experts say about Bask Bank?
Based on BestGuide’s analysis, experts give Bask Bank an overall score of 4.1 out of 5.0. It receives high marks for competitive APYs across Interest Savings, Interest Checking (1.00% APY), and CDs, but scores lower on account variety (no loans or specialty products) and on trust signals (parent Texas Capital Bank holds a BBB B rating, Not Accredited).
Is Bask Bank worth it in 2026?
For savers focused on maximizing interest across checking, savings, and short-to-mid-term CDs, Bask Bank is worth it in 2026. The Bask Interest Checking 1.00% APY is rare in the online banking market, and CD rates are competitive for terms up to 2 years. However, savers who prioritize the highest BBB trust signals or need a full-service bank should compare alternatives.
How does Bask Bank compare to other CD rates companies?
Bask Bank’s CD rates are typically competitive with major online banks like Ally Bank or Marcus by Goldman Sachs for short-to-mid terms. However, Bask offers only standard CDs (no no-penalty CDs, bump-up CDs, or IRA CDs) and only six terms up to 2 years, while Marcus offers longer terms and specialty CDs.
What is the Bask Interest Checking APY?
The Bask Interest Checking account earns 1.00% APY on every dollar, with no minimum opening deposit, no monthly fees, and no minimum balance requirement. Interest is compounded daily and credited monthly. Customers also get a Visa debit card and access to 55,000+ surcharge-free Allpoint ATMs nationwide.
What is the Bask Interest Savings rate?
The Bask Interest Savings is a high-yield savings account with a variable APY tied to qualifying account activity (eligibility and terms apply). It has no monthly fees and no minimum deposit. Bask updates the published rate regularly on its website.
What are Bask Bank CD rates?
Bask Bank offers six fixed-rate CDs with terms from 3 months to 24 months (2 years), each requiring a $1,000 minimum deposit. APYs are fixed at the time of opening and consistently above the FDIC national average for similar terms. Bask does not offer no-penalty CDs, bump-up CDs, or IRA CDs.
Is Bask Bank FDIC insured?
Yes, all deposits at Bask Bank are FDIC insured up to the legal limit of $250,000 per depositor, per ownership category. The insurance is provided through its parent company, Texas Capital Bank, a Member FDIC institution. Important: balances at Bask Bank and Texas Capital Bank are combined for purposes of FDIC coverage eligibility.
Does Bask Bank have a checking account?
Yes, Bask Bank offers the Bask Interest Checking account, which earns 1.00% APY on all balances, includes a Visa debit card, and provides access to 55,000+ surcharge-free Allpoint ATMs. There are no monthly fees and no minimum opening deposit.
What is the Bask Mileage Savings account?
The Bask Mileage Savings is a unique savings account that earns American Airlines AAdvantage miles (2.5 miles per dollar saved annually) instead of interest. It has no monthly fees and is FDIC insured through Texas Capital Bank. It is designed for frequent American Airlines travelers who value miles more than cash yield.
Is Bask Bank a real bank?
Yes, Bask Bank is a real, legitimate online bank. It is the digital division of Texas Capital Bank (subsidiary of Texas Capital Bancshares Inc., NASDAQ: TCBI), a commercial bank founded December 18, 1998 and headquartered in Dallas, Texas. It operates under the same banking charter and regulatory oversight as its parent company, supervised by the Texas Department of Banking.
What is the minimum to open a Bask Bank CD?
The minimum deposit required to open any Bask Bank CD is $1,000. The CD must be funded within 10 business days of opening or the account will be automatically closed.
What is the minimum to open a Bask Interest Checking or Interest Savings account?
Neither the Bask Interest Checking nor the Bask Interest Savings account has a minimum opening deposit. However, both accounts must be funded within 15 business days of opening or the bank may close them.
What is Bask Bank’s BBB rating?
Bask Bank, a division of Texas Capital Bank, holds a BBB B rating (not A+) and is Not BBB Accredited. The BBB profile shows 25 total complaints in the last 3 years (10 closed in the last 12 months) and customer reviews averaging 2.57 out of 5 across 7 reviews. The BBB file was opened March 12, 2020.
Who owns Bask Bank?
Bask Bank is the online deposit division of Texas Capital Bank, a subsidiary of Texas Capital Bancshares, Inc. (NASDAQ: TCBI), a publicly traded bank holding company headquartered in Dallas, Texas. President and CEO Rob C. Holmes (CEO since January 24, 2021; also Chairman of the Board since April 2025).