American Express vs. Bask Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | American ExpressHigh Yield Savings Account Jan 21, 2026 | Bask BankInterest Savings Account Jan 21, 2026 |
|---|---|---|
| APY | 3.30% | 3.75% |
Est. Earnings | $5,000+$165 $10,000+$330 $25,000+$825 | $5,000+$188 $10,000+$375 $25,000+$938 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat iOS AppZelle® Supported | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® Supported |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.20% APY.
Comparison Analysis
Comparing American Express vs. Bask Bank
As of American Express offers an APY of 3.30% for its High Yield Savings Account, with a minimum balance of $0, compared to Bask Bank's 3.75% APY for its Interest Savings Account, with a minimum balance of $0.
Bask Bank pays $45 more than American Express on a $10,000 balance after one year. American Express pays $330, while Bask Bank pays $375 - an APY advantage for Bask Bank.
Why American Express?
No distinct advantages found vs Bask Bank.
Why Bask Bank?
- ✓Higher potential APY (3.75% vs 3.30%) on all balances
- ✓Higher rated Android app (4.7 vs 3.6)
— Key Feature Differences —
Better Returns at $10,000
Bask BankBask Bank's Interest Savings Account earns more on smaller deposits (approx. $375 vs $330/yr).
Better Returns at $25,000
Bask BankBask Bank's Interest Savings Account pulls ahead with larger amounts (approx. $938 vs $825/yr).
Best for Simplicity
Bask BankBask Bank's Interest Savings Account offers 3.75% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Bask Bank's Interest Savings Account pays $45 more interest on a $10,000 balance than American Express's High Yield Savings Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
Bask Bank offers a competitive Interest Savings Account with an APY of 3.75%, making it the winner in this comparison. This account provides better returns at various deposit levels, with no minimum deposit or maintenance fees, and is entirely online. In contrast, American Express features a High Yield Savings Account with a lower APY of 3.30%. While both accounts have no direct deposit requirements and are FDIC insured, Bask Bank's offering stands out for its simplicity and higher yield, making it the preferable choice for savers.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
American Express vs. Bask Bank Savings Calculator
You earn $45 more with Bask Bank than American Express on a $10,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
American Express
High Yield Savings Account
Savings Breakdown
- Interest Earned+$330.00(3.2%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,330.00
Bask Bank
Interest Savings Account
Savings Breakdown
- Interest Earned+$375.00(3.6%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,375.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | American Express | Bask Bank |
|---|---|---|
| APY | 3.30% Verified: 1/21/2026 ↘︎ 0.20%90d Change | 3.75% Verified: 1/21/2026 ↘︎ 0.30%90d Change |
| Product Name | High Yield Savings Account | Interest Savings Account |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.9 Android3.6 | iOS4.7 Android4.7 |
| Zelle® Support | Available Requires Amex Rewards Checking; not available for standalone HYSA. | Available Available for Interest Checking; not for standalone savings. |
| BBB Rating | F | B |
| Next Steps | Visit SiteVerify at American Express Non-sponsored link to official site | Visit SiteVerify at Bask Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | American Express | Bask Bank |
|---|---|---|
| High Yield Savings Account | Interest Savings Account | |
Current APY | 3.30% | 3.75% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.6 | -5.3 |
Days Since Change | 22 | 33 |
12-Month High | 3.80% | 4.50% |
12-Month Low | 3.30% | 3.75% |
Adjustments / Mo | 0.41 | 0.49 |
Volatility Score | 0.038 | 0.049 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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