Bask Bank: Savings Accounts & Rates

Savings rates updated: 8/29/2025

Mission statement: Banksparency aims to make Bask Bank's savings accounts transparent and comparable to those of other banks. Learn more about Banksparency.

Note: Interest rates below are reported as APY, or Annual Percentage Yield

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Savings Overview

Interest Savings Account: 4.15% APY(Rank 32 out of 81 tracked HYSAs)

Minimum Deposit: $0 | Online Only

National Savings Interest Rate: 0.39% (as of 8/26/2025)

Note: The FDIC tracks savings and CD rates nationally, but it does not report APY, only the average interest rate.

(Source: FDIC)

Bank Overview

Location: Richardson, Texas

Founded: 2020

Affiliation: Bask Bank is a division of Texas Capital Bank

Access to Branches: None

Deposit Insurance: FDIC Cert # 34383

BBB Rating: B (Not BBB Accredited)

App Store Rating: 4.7/5

Google Play Rating: 4.5/5

Website: Visit Bask Bank

Our Take on Bask Bank

Highlights

Current APY of 4.15%, slightly down from 4.20% last month
No minimum deposit or balance requirements
No maintenance fees on the account
High App Store rating of 4.7

Considerations

B BBB rating, not BBB Accredited
No physical branches available
Online only account may limit access for some users
Direct deposit not required but may be a barrier for some

Summary: Bask Bank offers a competitive APY of 4.15% for its Interest Savings Account with no minimum deposit or maintenance fees. However, it has a B BBB rating and is not accredited, which may concern some savers. The bank operates online only, lacking physical branches, which could be a drawback for those preferring in-person banking. Overall, it provides a solid option for high-yield savings despite some limitations.

Savings Account: In-Depth View

Savings Account Offered by Bask Bank

Feature	Interest Savings Account
APY	4.15% (as of 8/29/2025)
APY Trend	-0.05% WoW
Minimum Deposit	$0
Minimum Balance for APY	$0
FDIC-insured	Yes
Online Only	Yes
Bundled Account	No
Direct Deposit Required	No
Compound Frequency	Daily
Maintenance Fee	$0
Eligibility	United States
Sponsored Link
No deposit agreement summary available for this bank.

Calculate Savings for Bask Bank

All calculations are based on APY.

Savings Product:

Interest Savings Account (APY: 4.15%)

Initial Deposit:

Recurring Deposit Amount:

Deposit Frequency:

Duration:

Total savings breakdown:

Interest earned: $1,630 (10.43%)
Total contributions: $13,000 (83.17%)
Initial deposit: $1,000 (6.40%)

Your total balance

$15,630.00

Effective APY: 4.15% (based on your deposit and contributions)

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

Bask Bank Savings Rates Over Time

Historical APY Insights

Metric	Interest Savings Account
Latest APY	4.15 %
Trend	Sideways
Slope (bps/mo)	-4.1
Rate Changes / Mo	0.47
Days Since Last Change	2
High (-8 m)	4.65 %
Low (-8 m)	4.15 %
Draw-down from High	-10.8 %
Volatility (CV)	0.026

APY Insights Glossary

Latest APY: Most recent advertised annual-percentage yield.
Trend: Direction over the last 8 months (regression slope).
Slope (bps/mo): Average monthly change; 10 bps = 0.10 pp.
Rate Changes / Mo: Typical number of APY moves per month.
Days Since Last Change: Recency of the latest APY adjustment.
High (-8 m): Highest APY in the last 255 days.
Low (-8 m): Lowest APY in the last 255 days.
Draw-down from High: How far today sits below the 8-month peak.
Volatility (CV): Coefficient of variation = stdev ÷ mean.

Why Track Savings-Account APYs?

See how quickly a bank reacts to Fed moves or competition.
Gauge “twitchiness” - frequent moves can annoy savers.
Spot if you're buying near a peak (draw-down) or riding a rise.
Slope (bps/mo) shows speed of change.
Volatility (CV) scales jumps by average level.

Compare Bask Bank's Savings Account

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Feature	Bask Bank	Select a bank...
Product	Interest Savings Account	N/A
APY	4.15% (as of 8/29/2025)	N/A
Bundled Account	No	N/A
FDIC-insured	Yes	N/A
Online Only	Yes	N/A
Compound Frequency	Daily	N/A
Minimum Deposit	$0	N/A
Minimum Balance for APY	$0	N/A
Maintenance Fee	$0	N/A
Direct Deposit Required	No	N/A