Bask Bank: Savings Account & Rates
Mission: Banksparency aims to make Bask Bank's savings account transparent and comparable to the market.
Analysis of Bask Bank
Our verdict
Bask Bank offers Interest Savings Account, a high-yield savings account paying 0.25% APY with no minimum deposit.
At 0.25% APY, Bask Bank is competitive with the national average of 0.39%. Ranks in the top tier of 99+ accounts tracked.
Ideal User Profile
- Best for: simple saving without extra requirements, banking without needing a branch, and quick transfers with Zelle.
Key Differentiators
- Stands out with top-rated iOS app (4.7), highly-rated Android app (4.6), Zelle for instant transfers.
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 4.15% 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)
Top Market Contenders
Savings Account: In-Depth View
Savings Account Offered by Bask Bank
| Feature | Interest Savings Account |
|---|---|
APY | 0.25%Verified: 3/7/2026 |
APY Trend | Rate Adjusted -3.65% 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+$93.40(0.7%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$14,093.40
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 | 0.25% |
Trend | Falling |
Slope (bps/mo) | -21.0 |
Rate Changes / Mo | 0.49 |
Days Since Last Change | 32 |
High (-12m) | 4.35% |
Low (-12m) | 0.25% |
Draw-down | -94.3% |
Volatility (CV) | 0.334 |
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 | 0.25%Verified: 3/7/2026 | - |
APY Trend | Rate Adjusted -3.65% 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 0.25% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Bask Bank vs Ally Bank | 3.20% | $0 |
| Bask Bank vs American Express | 3.30% | $0 |
| Bask Bank vs Axos Bank | 4.21% | $0 |
| Bask Bank vs Bank of America | 0.01% | $100 |
| Bask Bank vs Barclays | 3.85% | $0 |
| Bask Bank vs Capital One | 3.30% | $0 |
| Bask Bank vs Chase Bank | 0.01% | $0 |
| Bask Bank vs Chime | 3.00% | $0 |
| Bask Bank vs CIT Bank | 3.75% | $100 |
| Bask Bank vs Citibank | 3.20% | $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 | 4.20% | $0.01 |
| Bask Bank vs Openbank | 4.09% | $500 |
| Bask Bank vs Pibank | 4.60% | $0 |
| Bask Bank vs SoFi Bank | 4.00% | $0 |
| Bask Bank vs Synchrony Bank | 3.50% | $0 |
| Bask Bank vs Varo Bank | 5.00% | $0 |
| Bask Bank vs Wealthfront | 4.20% | $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
Rising Bank
High-Yield Savings Account: 3.75% APY
Minimum Deposit: $1,000
Online Only
The State Exchange Bank
High-Yield Savings Account, powered by Raisin: 2.51% APY
Minimum Deposit: $1
Online Only
MySavingsDirect
MySavings Account: 3.35% APY
Minimum Deposit: $0
Online Only
U.S. Bank
Smartly Savings: 3.50% APY
Bundled Savings & Checking Account
Minimum Deposit: $25
Newtek Bank
Personal High Yield Savings: 4.20% APY
Minimum Deposit: $0.01
Online Only
Pibank
Pibank Savings: 4.60% APY
Minimum Deposit: $0
Online Only
Zynlo Bank
Tomorrow Savings Account: 3.85% APY
Minimum Deposit: $10
Online Only
High Plains Bank
High Yield Savings Account: 3.82% APY
Minimum Deposit: $25
ConnectOne Bank
Connection Plus Savings: 3.05% APY
Minimum Deposit: $2,500
Forbright Bank
Growth Savings: 3.85% APY
Minimum Deposit: $0
Online Only
Bright Savings: 3.45% APY
Minimum Deposit: $250
Eligible States: Limited (see details)
Sprout Savings: 3.45% APY
Minimum Deposit: $1
Eligible States: Limited (see details)
Chime
Chime High-Yield Savings Account: 3.00% APY
Bundled Savings & Checking Account
Minimum Deposit: $0
Online Only
Direct Deposit: You need to receive a qualifying direct deposit of $200 or more within the preceding 34 days
All America Bank
Regular Savings: 1.25% APY
Minimum Deposit: $50
Super Savers MMDA: 2.75% APY
Minimum Deposit: $2,500