Bask Bank
Last Updated: 6/20/2025
Note: Interest rates below are reported as APY, or Annual Percentage YieldQuick 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
| Feature | Interest Savings Account |
|---|---|
| APY | 4.20% (as of 6/20/2025) |
| APY Trend | Stable for the last month |
| 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 |
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
| Metric | Interest Savings Account |
|---|---|
| Latest APY | 4.20 % |
| Trend | Falling |
| Slope (bps/mo) | -6.2 |
| Rate Changes / Mo | 0.48 |
| Days Since Last Change | 65 |
| 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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| Feature | Bask Bank | Select a bank... |
|---|---|---|
| Product | Interest Savings Account | N/A |
| APY | 4.20% (as of 6/20/2025) | 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 |