Bask Bank: Savings Account & Rates
Mission: Banksparency aims to make Bask Bank's savings account transparent and comparable to the market.
Savings Overview
Interest Savings Account
| Min. Deposit | $0 |
| Min. Balance | $0 |
| Maintenance Fee | $0 |
Market Reality Check
This bank offers rates below the current top tier. The best rates we track are currently above 4.20% APY.
Bank Overview
- HQ LocationRichardson, Texas
- Founded2020
- AffiliationBask Bank is a division of Texas Capital Bank
- Ratings & Trust
- Zelle® SupportAvailableAvailable for Interest Checking; not for standalone savings.
- Deposit InsuranceFDIC Insured(Cert: 34383)
Our Take on Bask Bank
The Good
- Decent APY of 3.75%
- No minimum deposit or balance requirements
- No monthly maintenance fees
- Highly rated mobile apps (iOS: 4.7, Android: 4.7)
Considerations
- No physical branch access (online only)
Bask Bank offers an Interest Savings Account with a competitive APY of 3.75%. There are no minimum deposit or balance requirements, and no monthly maintenance fees, making it an accessible option for savers. Additionally, the bank provides highly rated mobile apps for both iOS and Android, each with a rating of 4.7. However, it's important to note that this account is only available online, as there are no physical branch locations.
Top Market Contenders
Savings Account: In-Depth View
Savings Account Offered by Bask Bank
| Feature | Interest Savings Account |
|---|---|
APY | 3.75%Verified: 1/21/2026 |
APY Trend | Rate Adjusted -0.30% Since 90 days ago |
Min. Deposit | $0 |
Min. Balance | $0 |
Monthly Fee | $0 |
Direct Deposit | None |
Checking Bundle | No |
Branch Access | None |
Compounding | Daily |
FDIC Insured | Yes |
Eligibility | United States |
| Next Steps | - |
Calculate Savings for Bask Bank
Savings Breakdown
- Interest Earned+$1,465.40(9.5%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$15,465.40
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
Last 12 Months| Metric | Interest Savings Account |
|---|---|
Latest APY | 3.75% |
Trend | Falling |
Slope (bps/mo) | -5.3 |
Rate Changes / Mo | 0.49 |
Days Since Last Change | 33 |
High (-12m) | 4.50% |
Low (-12m) | 3.75% |
Draw-down | -16.7% |
Volatility (CV) | 0.049 |
How to read these metrics▼
Trends & Velocity
- Trend
- The general direction of the rate over the analyzed period. Useful for spotting if a bank is currently aggressive or pulling back.
- Slope (bps/mo)
- Speed of change. A high positive number means they raise rates quickly. 10 bps = 0.10%.
- Rate Changes / Mo
- "Twitchiness." High frequency means the rate changes constantly; low frequency means it's stable.
Risk & Range
- High/Low
- The absolute ceiling and floor of the rate during the 365-day window.
- Volatility Score
- Lower is better for predictability. It indicates how wildly the rate swings relative to its average.
- Days Since Change
- If this number is high (e.g., >90), the rate is very sticky. If low, it changed recently.
Why track this? Understanding volatility helps you avoid "bait-and-switch" rates. A steady, rising slope is ideal; high volatility often signals a temporary teaser rate.
Compare with Bask Bank
| Feature | Current View Bask Bank | Empty Slot |
|---|---|---|
| Product | Interest Savings Account | - |
APY | 3.75%Verified: 1/21/2026 | - |
APY Trend | Rate Adjusted -0.30% Since 90 days ago | - |
| Min. Deposit | $0 | - |
| Monthly Fee | $0 | - |
Direct Deposit | No | - |
Checking Bundle | No | - |
| Branch Access | None | - |
| Eligibility | United States | - |
Compounding | Daily | - |
FDIC Insured | Yes | - |
| Next Steps | - | - |
Bank-to-Bank Comparisons
Compare Bask Bank's APY of 3.75% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Bask Bank vs Ally Bank | 3.30% | $0 |
| Bask Bank vs American Express | 3.30% | $0 |
| Bask Bank vs Axos Bank | 4.31% | $0 |
| Bask Bank vs Bank of America | 0.01% | $100 |
| Bask Bank vs Barclays | 4.00% | $0 |
| Bask Bank vs Capital One | 3.30% | $0 |
| Bask Bank vs Chase Bank | 0.01% | $0 |
| Bask Bank vs Chime | 3.50% | $0 |
| Bask Bank vs CIT Bank | 3.75% | $100 |
| Bask Bank vs Citibank | 3.30% | $0 |
| Bask Bank vs Discover Bank | 3.30% | $0 |
| Bask Bank vs EverBank | 3.90% | $0 |
| Bask Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Bask Bank vs Newtek Bank | 4.35% | $0.01 |
| Bask Bank vs Openbank | 4.20% | $500 |
| Bask Bank vs Pibank | 4.60% | $0 |
| Bask Bank vs SoFi Bank | 4.00% | $0 |
| Bask Bank vs Synchrony Bank | 3.65% | $0 |
| Bask Bank vs Varo Bank | 5.00% | $0 |
| Bask Bank vs Wealthfront | 3.90% | $0 |
| Bask Bank vs Wells Fargo | 0.05% | $25 |
Alternatives to Bask Bank
Banks with Higher/Similar Savings APY
For a top list of the highest savings rates, see all HYSA top rates
Peak Bank
Envision High Yield Savings: 3.99% APY
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Bundled Savings & Checking Account
Minimum Deposit: $5,000
Direct Deposit: To earn the higher APY you need a monthly direct deposit into an Advantage Checking Account of $500.
Vio Bank
Online Savings Account: 4.09% APY
Minimum Deposit: $100
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My Banking Direct
High Yield Savings Account: 4.02% APY
Minimum Deposit: $500
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Barclays
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Minimum Deposit: $0
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Rising Bank
High-Yield Savings Account: 3.75% APY
Minimum Deposit: $1,000
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Sallie Mae Bank
High-Yield Savings Account: 3.90% APY
Minimum Deposit: $0
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CIBC Bank USA
Agility™ High-Interest Savings Account: 3.66% APY
Minimum Deposit: $1,000
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Colorado Federal Savings Bank
High Yield Savings: 4.00% APY
Minimum Deposit: $1
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Premier Savings: 4.05% APY
Minimum Deposit: $50,000
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