Bask Bank: Savings Accounts & Rates

Savings rates updated: 10/15/2025

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

We earn a commission if you open an account through some links on this page.

Savings Overview

Interest Savings Account: 4.05% APY(Rank 31 out of 82 tracked HYSAs)

Minimum Deposit: $0 | Online Only

National Savings Interest Rate: 0.4% (as of 9/15/2025)

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 is 4.05%, competitive for high-yield accounts.
No minimum deposit or balance requirements.
No maintenance fees, maximizing savings potential.
High customer ratings: 4.7 on App Store, 4.5 on Google Play.

Considerations

APY decreased from 4.15% in the last 30 days.
No physical branches available for in-person service.
BBB rating is B and not accredited, indicating some trust issues.
Direct deposit not required, but may limit some users.

Summary: Bask Bank offers a high-yield Interest Savings Account with a 4.05% APY, no minimum deposit, and no maintenance fees. However, the APY has decreased from 4.15% recently. The bank lacks physical branches and has a B rating from the BBB without accreditation, which may raise concerns for some savers. Despite these drawbacks, it maintains strong customer ratings on both the App Store and Google Play.

Savings Account: In-Depth View

Savings Account Offered by Bask Bank

Feature	Interest Savings Account
APY	4.05% (as of 10/15/2025)
APY Trend	-0.10% MoM/-0.15% QoQ
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: 4.05%)

Initial Deposit:

Recurring Deposit Amount:

Deposit Frequency:

Duration:

Total savings breakdown:

Interest earned: $1,588.7 (10.19%)
Total contributions: $13,000 (83.39%)
Initial deposit: $1,000 (6.41%)

Your total balance

$15,588.70

Effective APY: 4.05% (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	4.05 %
Trend	Sideways
Slope (bps/mo)	-4.1
Rate Changes / Mo	0.50
Days Since Last Change	26
High (-10 m)	4.65 %
Low (-10 m)	4.05 %
Draw-down from High	-12.9 %
Volatility (CV)	0.029

APY Insights Glossary

Latest APY: Most recent advertised annual-percentage yield.
Trend: Direction over the last 10 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 (-10 m): Highest APY in the last 302 days.
Low (-10 m): Lowest APY in the last 302 days.
Draw-down from High: How far today sits below the 10-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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Citizens Access™ - 3.50% APY
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MutualOne Bank - 4.07% APY
My Banking Direct - 4.20% APY
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Neighbors Bank - 4.50% APY
Newtek Bank - 4.35% APY
OMB Bank - 1.00% APY
Openbank - 4.20% APY
Peak Bank - 4.20% APY
Pibank - 4.60% APY
PNC - 3.85% APY
Poppy Bank - 4.25% APY
Popular Direct - 4.05% APY
Presidential Bank - 4.00-4.50% APY
Prime Alliance Bank - 3.90% APY
Primis Bank - 3.85% APY
Quontic Bank - 3.75% APY
RBMAX - 3.90% APY
Rising Bank - 4.10% APY
ROGER - 3.87% APY
Salem Five Direct - 4.01% APY
Sallie Mae Bank - 3.90% APY
Santander Bank - 0.01% APY
SmartyPig - 3.90% APY
SoFi Bank - 4.50% APY
Synchrony Bank - 3.80% APY
TAB Bank - 3.80% APY
TD Bank - 0.05-2.75% APY
The State Exchange Bank - 3.86% APY
TIMBR - 4.40% APY
UFB Direct - 3.76-3.96% APY
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Valley Direct - 4.10% APY
Varo Bank - 2.50-5.00% APY
Wells Fargo - 0.05-0.05% APY
Western Alliance Bank - 4.10% APY
Zynlo Bank - 4.20% APY

Feature	Bask Bank	Select a bank...
Product	Interest Savings Account	N/A
APY	4.05% (as of 10/15/2025)	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

Alternatives to Bask Bank

Banks with Higher/Similar Savings APY

For a top list of the highest savings rates, see all HYSA top rates

Varo Bank

High-Yield Savings Account: 5.00% APY

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Minimum Deposit: $5,000

Direct Deposit: To earn the higher APY you need a monthly direct deposit into an Advantage Checking Account of $500.

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Online Savings: 0.40% APY

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EverBank

Performance Savings: 4.05% APY

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Agility™ High-Interest Savings Account: 3.92% APY

Minimum Deposit: $1,000

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High-Yield Savings Account: 4.10% APY

Minimum Deposit: $1,000

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Tomorrow Savings Account: 4.20% APY

Minimum Deposit: $10

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BrioDirect

High-Yield Savings Account: 4.20% APY

Minimum Deposit: $5,000

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