Bask Bank

Last Updated: 6/20/2025

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

Quick Views

Interest Savings Account: 4.20% APY(Rank 31 out of 74 tracked HYSAs)

Minimum Deposit: $0 | Online Only

National Savings Interest Rate: 0.42% (as of 5/19/2025)

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

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 4.20% remains stable from 30 days ago.
  • No maintenance fees or minimum balance requirements.
  • High App Store rating of 4.7.
  • Online-only banking with no branches.

Considerations

  • BBB rating is B and not accredited.
  • No direct deposit requirement may limit some users.
  • Only one savings account option available.
  • Google Play rating is lower at 4.5.
Summary: Bask Bank offers a competitive APY of 4.20% for its Interest Savings Account, which has no maintenance fees or minimum balance requirements. However, the bank's BBB rating is B and it is not accredited, which may concern some savers. With an online-only model and no branches, it caters well to digital users. The App Store rating is strong at 4.7, while the Google Play rating is slightly lower at 4.5.

Savings Account

Savings Account Offered by Bask Bank

FeatureInterest Savings Account
APY
4.20% (as of 6/20/2025)
APY TrendStable for the last month
Minimum Deposit$0
Minimum Balance for APY$0
FDIC-insured
Yes
Online OnlyYes
Bundled Account
No
Direct Deposit Required
No
Compound Frequency
Daily
Maintenance Fee$0
EligibilityUnited States

No deposit agreement summary available for this bank.

Calculate Savings for Bask Bank

All calculations are based on APY.

Interest Savings Account (APY: 4.20%)

Deposit Frequency:

Total savings breakdown:

  • Interest earned: $4 (3.85%)
  • Total contributions: $0 (0.00%)
  • Initial deposit: $100 (96.15%)

Your total balance

$104.00

Effective APY: 4.20% (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

MetricInterest Savings Account
Latest APY4.20 %
TrendFalling
Slope (bps/mo)-6.2
Rate Changes / Mo0.48
Days Since Last Change65
High (-6 m)4.65 %
Low (-6 m)4.20 %
Draw-down from High-9.7 %
Volatility (CV)0.026
APY Insights Glossary
Latest APY
Most recent advertised annual-percentage yield.
Trend
Direction over the last 6 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 (-6 m)
Highest APY in the last 186 days.
Low (-6 m)
Lowest APY in the last 186 days.
Draw-down from High
How far today sits below the 6-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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  • All America Bank - 1.50-3.25% APY
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  • Bread Savings - 4.30% APY
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  • Chase Bank - 0.01% APY
  • Chime - 1.25-3.75% APY
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  • Neighbors Bank - 4.60% APY
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  • Quontic Bank - 3.85% APY
  • RBMAX - 4.15% APY
  • Rising Bank - 4.30% APY
  • ROGER - 4.65% APY
  • Salem Five Direct - 4.01% APY
  • Sallie Mae Bank - 3.90% APY
  • Santander Bank - 0.03% APY
  • SoFi Bank - 3.80% APY
  • Synchrony Bank - 3.80% APY
  • TAB Bank - 4.26% APY
  • TD Bank - 0.05-3.00% APY
  • The State Exchange Bank - 1.90% APY
  • TIMBR - 4.40% APY
  • UFB Direct - 4.01-4.21% APY
  • Upgrade - 4.02% APY
  • Valley Direct - 4.20% APY
  • Varo Bank - 2.50-5.00% APY
  • Western Alliance Bank - 4.30% APY
  • Zynlo Bank - 4.35% APY
FeatureBask BankSelect a bank...
ProductInterest Savings AccountN/A
APY
4.20% (as of 6/20/2025)N/A
Bundled Account
NoN/A
FDIC-insured
YesN/A
Online OnlyYesN/A
Compound Frequency
DailyN/A
Minimum Deposit$0N/A
Minimum Balance for APY$0N/A
Maintenance Fee$0N/A
Direct Deposit Required
NoN/A