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Bask Bank Review: 1% Checking, CD Rates & AAdvantage

Bask Bank, an online division of Texas Capital Bank, pays 3.90% APY on savings and 1.00% on checking. Mileage Savings now earns 1.75 AAdvantage miles per $1 a year, down from 2.5.

By Krystine Carneiro, Contributor. See their work.Published May 21, 2026Updated October 16, 2026This page was compiled from primary sources: company disclosures and terms, the BBB and regulators. Our ratings method is described on the methodology page.
Bask Bank 1% Checking, CD Rates & AAdvantage BestGuide rating
4.1/5 BestGuide rating: 4.1 out of 5. Set by our editors from reputation, services, transparency, customer satisfaction and scale. Verified partners are scored on our partner verification program and can be listed first; they are always labeled BestGuide Partner.

Best for: Online savers who want fee-free savings and interest-bearing checking, or American Airlines flyers who value miles over interest.

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On this page16 sections
  1. Ratings and complaints
  2. Bask Bank vs. competitors
  3. Pricing
  4. Step by step
  5. Bask Bank legitimacy and licensing
  6. The 2026 Texas Capital data incident
  7. Bask Bank rates and fees
  8. How Bask Bank Works
  9. Bask Interest Checking
  10. Bask Interest Savings (High-Yield Savings)
  11. Bask Mileage Savings value for the price
  12. Complaints and how to avoid problems
  13. Bask CD rates and early withdrawal
  14. What customers say
  15. Alternatives
  16. FAQ
Our verdict

Bask Bank suits savers who want a solid savings rate with no monthly fees, a checking account that pays 1.00% APY, or American Airlines miles instead of interest. It is a legitimate, FDIC-insured online division of Texas Capital Bank in Dallas. The tradeoffs: no branches or cash deposits, a 1.5 out of 5 Trustpilot score driven by account freezes and slow transfers, and a Texas Capital data security incident in April 2026 that exposed names and Social Security numbers for some customers. Its mileage rate also fell to 1.75 miles per dollar, so recheck the value against cash interest.

Bank
Division of Texas Capital Bank, Dallas, TX, FDIC certificate 34383; deposits at Bask and Texas Capital are insured together6
Interest Savings
3.90% APY, variable, no minimum balance and no monthly fee (rates effective September 23, 2026)2
Interest Checking
1.00% APY, Visa debit card, 55,000+ Allpoint ATMs, Zelle and mobile check deposit, no overdraft or NSF fees2
Mileage Savings
1.75 American Airlines AAdvantage miles per $1 saved annually instead of interest2
CDs
3.90% to 4.35% APY on 3 to 24 month terms, $1,000 minimum2
CD penalty
90 days of simple interest for 6 to 12 month terms; 180 days for terms over 12 months3
Wire fees
Incoming $0; domestic outgoing $20 online or $35 manual; international $35 or $502
Support hours
7 a.m. to 7 p.m. customer support, closed on bank holidays3

Bask Bank ratings and complaint records

  • BBB A+ Texas Capital Bank, Dallas; not BBB accredited, 10 complaints in the last 3 years, 4 customer reviews; business started December 1998 View source
  • Trustpilot 1.5 out of 5 64 reviews, 67% one star; no visible replies to negative reviews View source
  • CFPB complaints 136 Against Texas Capital Bancshares, October 12, 2023 to October 2026; 102 about managing an account View source
  • App Store 4.7 out of 5 Bask Bank Mobile, about 3,290 ratings View source

Pros

  • No monthly fees, overdraft fees or NSF fees
  • 1.00% APY on checking plus a 3.90% savings rate
  • Miles-earning savings account for American Airlines flyers
  • CD terms from 3 to 24 months with a $1,000 minimum
  • FDIC insured through Texas Capital Bank

Cons

  • No branches and no cash deposits
  • Mileage Savings rate cut to 1.75 miles per $1, and it pays no interest
  • Outgoing wires cost $20 to $50
  • Trustpilot complaints about frozen accounts and slow transfers
  • Texas Capital data security incident in April 2026

Best for: Online savers who want fee-free savings and interest-bearing checking, or American Airlines flyers who value miles over interest.

Skip it if: You need branches or cash deposits, or you want the very highest savings rate available.

Bask Bank vs. competitors

Bask Bank compared with competitors
CompanySavings APY (October 2026)Minimum to openChecking accountMonthly feeNext step
Bask Bank 3.90%$0Yes, 1.00% APY$0
Bread Savings 4.05%$100No$0 Read review
Marcus by Goldman Sachs 3.50% (Bankrate, October 12, 2026)$0No$0 Read review
Ally Bank 3.10% (as of October 8, 2026)$0Yes$0 Read review

Banks we reviewed

  1. Bask Bank This review BestGuide rating: 4.1 out of 5. Set by our editorial team from published factors such as cost, credentials, reputation, customer experience, services and guarantees. Verified partners are scored on our partner verification program and can be listed first; they are always labeled BestGuide Partner. Best for: Online savers who want fee-free savings and interest-bearing checking, or American Airlines flyers who value miles over interest.
  2. Citibank BestGuide rating: 4.5 out of 5. Set by our editorial team from published factors such as cost, credentials, reputation, customer experience, services and guarantees. Verified partners are scored on our partner verification program and can be listed first; they are always labeled BestGuide Partner. Best for: People who can set up a $250 monthly direct deposit, want no overdraft fees and a strong app, or have $30,000 or more to qualify for Citi's relationship perks.
    Read review
  3. Alliant Credit Union BestGuide rating: 4.4 out of 5. Set by our editorial team from published factors such as cost, credentials, reputation, customer experience, services and guarantees. Verified partners are scored on our partner verification program and can be listed first; they are always labeled BestGuide Partner. Best for: People who bank online, want no fees and a solid savings and certificate rate, and like the idea of a member-owned credit union.
    Read review
  4. EverBank BestGuide rating: 4.4 out of 5. Set by our editorial team from published factors such as cost, credentials, reputation, customer experience, services and guarantees. Verified partners are scored on our partner verification program and can be listed first; they are always labeled BestGuide Partner. Best for: Savers who want a high-yield savings account at an established, FDIC-insured bank and do not need a local branch.
    Read review
  5. Ally BestGuide rating: 4.3 out of 5. Set by our editorial team from published factors such as cost, credentials, reputation, customer experience, services and guarantees. Verified partners are scored on our partner verification program and can be listed first; they are always labeled BestGuide Partner. Best for: People comfortable banking by app who want no-fee checking, savings, CDs and investing with one company.
    Read review
  6. Capital One Bank BestGuide rating: 4.3 out of 5. Set by our editorial team from published factors such as cost, credentials, reputation, customer experience, services and guarantees. Verified partners are scored on our partner verification program and can be listed first; they are always labeled BestGuide Partner.
    Read review
  7. Chime BestGuide rating: 4.3 out of 5. Set by our editorial team from published factors such as cost, credentials, reputation, customer experience, services and guarantees. Verified partners are scored on our partner verification program and can be listed first; they are always labeled BestGuide Partner. Best for: Workers paid by direct deposit who want fee-free banking, early paychecks, small overdraft cushions and a simple way to build credit.
    Read review
  8. Quontic Bank BestGuide rating: 4.3 out of 5. Set by our editorial team from published factors such as cost, credentials, reputation, customer experience, services and guarantees. Verified partners are scored on our partner verification program and can be listed first; they are always labeled BestGuide Partner. Best for: Savers who want a no-fee money market or high-yield savings account at a small digital bank and don't need branches.
    Read review
See all banks, ranked

Bask Bank pricing at a glance

Bask Bank rates, effective September 23, 20262

Account APY or reward Minimum Monthly fee
Interest Savings 3.90% $0 $0
Interest Checking 1.00% $0 $0
Mileage Savings 1.75 AAdvantage miles per $1 per year $0 $0
3-month CD 4.10% $1,000 None
6-month CD 3.90% $1,000 None
9-month CD 4.20% $1,000 None
12-month CD 4.35% $1,000 None
18-month CD 4.00% $1,000 None
24-month CD 4.30% $1,000 None

Savings and checking rates are variable. The CD page showed 3- and 9-month terms as coming soon. Promotion: new customers who open savings and checking between October 1 and December 31, 2026 can earn a 0.40% APY boost (4.30% total) and $50 a month up to $300 for up to six statement periods by keeping a $10,000 average savings balance, $2,500 a month in automated deposits to checking and a $100 minimum daily checking balance. New Mileage Savings customers opening September 1 to November 30, 2026 can earn 20,000 bonus miles with a $50,000 minimum daily balance for 90 of the first 120 days.

Bask Bank, step by step

  1. Apply online

    You need to be 18 or older with a Social Security number, mobile phone, email and a physical U.S. address. Bask may ask for a selfie and photo ID.

  2. Fund within 15 business days

    Transfer from another bank, wire money (routing number 111026177) or set up direct deposit. Unfunded accounts may be closed, and CDs need $1,000 within 10 business days.

  3. Earn interest or miles

    Interest is calculated daily and paid monthly. Mileage Savings miles post to your account by the fifth business day of the next month and to AAdvantage in six to eight weeks.

  4. Manage in the app

    Deposit checks, pay bills, send Zelle payments and use the debit card at Allpoint ATMs. There are no branches.

  5. Close or withdraw

    There is no fee to close an account, even within 90 days. Taking principal out of a CD early costs 90 or 180 days of interest.

Bask Bank legitimacy and licensing

Yes. Bask Bank is a division of Texas Capital Bank, a Dallas bank established in 1997 according to FDIC. The federal agency that insures deposits at member banks up to $250,000 per depositor, per bank, per ownership category. Compare banks records (certificate 34383, about $33.6 billion in assets). Your deposits are FDIC insured, but deposits at Bask and Texas Capital Bank are added together toward the $250,000 limit per depositor, per ownership category.

The BBB rates Texas Capital Bank A+, with 10 complaints in three years, an improvement from the B rating this page showed earlier in 2026. The CFPB database shows 136 complaints against Texas Capital Bancshares since October 2023, mostly about managing an account.

The 2026 Texas Capital data incident

Texas Capital reported a data security incident dated April 26 and 27, 2026 to the California Attorney General on May 28, 2026, and offered affected people a free 24-month Experian IdentityWorks membership with an enrollment deadline of September 30, 2026. Bask customers who received a letter should check their credit reports, consider a credit freeze at Equifax, Experian and TransUnion, and watch accounts for activity they do not recognize.

Bask Bank rates and fees

As of the September 23, 2026 rate sheet, Interest Savings pays 3.90% APY. Annual percentage yield: the yearly return on a deposit, including compounding. Compare banks and Interest Checking pays 1.00% APY, both variable with no minimum balance. CDs pay 3.90% to 4.35% APY with a $1,000 minimum. There are no monthly, overdraft, NSF, stop payment or incoming wire fees. Outgoing domestic wires cost $20 online or $35 by phone, international wires $35 or $50, and a rushed debit card costs $30.

Through December 31, 2026, new customers who open both savings and checking can earn a 0.40% APY boost and up to $300 for up to six statement periods, but only with a $10,000 average savings balance and $2,500 a month in automated deposits.

Checked the fees?Compare all

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.

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.

Compare Bask Bank with other top-rated checking accounts companies to see how it stacks up.

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.

What customers say about Bask Bank

Recurring themes across the review sites and complaint records listed above, not individual quotes.

Common praise

  • Competitive savings and CD rates with no monthly fees
  • Rare interest on checking balances
  • Miles on savings for American Airlines flyers
  • Well-rated mobile app

Common complaints

  • Accounts restricted or frozen with slow, unclear resolution
  • Multi-day holds on transfers from other banks
  • Hard to reach a supervisor or get promised callbacks
  • Data breach notice letters in 2026

Bask Mileage Savings value for the price

Mileage Savings pays 1.75 AAdvantage miles for every $1 saved per year instead of interest. On $10,000, that is about 17,500 miles a year, compared with about $390 in interest at the current 3.90% savings APY. Miles only win if you value them above about 2.2 cents each. Bask can change the miles rate at any time, and the rate has already fallen from 2.5 miles per dollar. Ask a tax professional how miles from a bank account are reported on your taxes.

Complaints and how to avoid problems

Bask’s app rates 4.7 out of 5 on the App Store, but its Trustpilot score is 1.5 out of 5 from 64 reviews. The common complaints are accounts restricted or frozen during reviews, holds on transfers from other banks and slow escalation. Keep an emergency fund at a second bank, start with a small test transfer, and respond quickly to any identity request. If a problem is not fixed, file a complaint with the CFPB.

Bask CD rates and early withdrawal

Bask offers fixed-rate CDs from 3 to 24 months with a $1,000 minimum, which must arrive within 10 business days. You can take out credited interest during the term without penalty. Withdrawing principal early costs 90 days of simple interest on 6 to 12 month CDs and 180 days on longer terms, and the penalty can come out of principal. You have a 10-calendar-day grace period at maturity.

Still deciding?Compare all

Alternatives to Bask Bank

  • Bread Savings BestGuide rating: 4.1 out of 5. Set by our editorial team from published factors such as cost, credentials, reputation, customer experience, services and guarantees. Verified partners are scored on our partner verification program and can be listed first; they are always labeled BestGuide Partner.

    A slightly higher savings rate if you do not need checking.

    Read review
  • Marcus by Goldman Sachs BestGuide rating: 4.3 out of 5. Set by our editorial team from published factors such as cost, credentials, reputation, customer experience, services and guarantees. Verified partners are scored on our partner verification program and can be listed first; they are always labeled BestGuide Partner.

    A large-bank option with no-penalty and rate-bump CDs.

    Read review
  • Ally BestGuide rating: 4.3 out of 5. Set by our editorial team from published factors such as cost, credentials, reputation, customer experience, services and guarantees. Verified partners are scored on our partner verification program and can be listed first; they are always labeled BestGuide Partner.

    Better if you want full checking, savings and investing under one roof.

    Read review
  • Treasury bills at TreasuryDirect

    A free, government-backed choice for cash you can lock up for weeks to a year.

See all banks, ranked

Bask Bank reviews

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Frequently asked questions

Is Bask Bank FDIC insured?

Yes. Bask is a division of Texas Capital Bank, FDIC certificate 34383. Deposits at Bask and Texas Capital Bank count together toward the $250,000 limit per depositor, per ownership category.

Who owns Bask Bank?

Bask Bank is a division of Texas Capital Bank in Dallas, which is owned by Texas Capital Bancshares.

What is Bask Bank's savings rate?

Interest Savings paid 3.90% APY as of September 23, 2026. The rate is variable and can change at any time.

Does Bask Bank have checking?

Yes. Bask Interest Checking pays 1.00% APY with no minimum and no monthly fee, and includes a Visa debit card, Allpoint ATM access, Zelle and mobile check deposit.

How many miles does Bask Mileage Savings earn?

1.75 American Airlines AAdvantage miles per $1 saved annually, paid instead of interest. The rate was previously 2.5 miles per dollar and can change at Bask's discretion.

Was Bask Bank part of a data breach?

Texas Capital, which operates Bask, reported a security incident dated April 26 and 27, 2026 to the California Attorney General and offered affected people 24 months of Experian IdentityWorks. If you got a letter, consider freezing your credit.

Does Bask Bank charge fees?

There are no monthly, overdraft or NSF fees. Outgoing wires cost $20 to $50, a rushed debit card costs $30, and CDs carry early withdrawal penalties.

Can I deposit cash at Bask Bank?

Bask has no branches. You fund accounts by transfer, wire, direct deposit or mobile check deposit.

What is Bask Bank's routing number?

Bask lists 111026177 for both ACH and wire transfers, and SWIFT code TXCBUS44 for international wires.

How long do Bask transfers take?

Bask does not publish a fixed time for incoming transfers, and some reviewers report multi-day holds. Online transfer limits range from $50,000 to $150,000 per transaction depending on your relationship.

Sources (11)

Facts on this page come from company websites, government agencies and regulators, checked on the dates shown. Editorial standards

  1. Bask Bank: FAQs (accessed October 12, 2026)
  2. Bask Bank: Interest rate, APY and fee schedule (effective 9/23/2026) (accessed October 12, 2026)
  3. Bask Bank: FAQs, CD early withdrawal and support hours (accessed October 12, 2026)
  4. Bask Bank: More Ways promotion terms (accessed October 12, 2026)
  5. Bask Bank: Mileage Savings account (accessed October 12, 2026)
  6. FDIC BankFind: Texas Capital Bank (accessed October 12, 2026)
  7. BBB: Texas Capital Bank (accessed October 12, 2026)
  8. Trustpilot: Bask Bank reviews (accessed October 12, 2026)
  9. CFPB Consumer Complaint Database: Texas Capital Bancshares (accessed October 12, 2026)
  10. California Attorney General: Texas Capital data breach notice (accessed October 12, 2026)
  11. Apple App Store: Bask Bank Mobile (accessed October 12, 2026)
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