American Express vs. Bask Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
American Express
High Yield Savings Account
3.40%APYDec 6, 2025FDIC InsuredNo MinimumsGreat iOS AppShow Fine Print & Trends Hide Details
American Express
High Yield Savings Account
Bask Bank
Interest Savings Account
3.90%APYDec 6, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Bask Bank
Interest Savings Account
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.25% APY.
Comparison Analysis
Comparing American Express vs. Bask Bank
Why American Express?
No distinct advantages found vs Bask Bank.
Why Bask Bank?
- ✓Higher potential APY (3.90% vs 3.40%) on all balances
- ✓Higher rated Android app (4.5 vs 3.6)
— Key Feature Differences —
Better Returns at $10,000
Bask BankBask Bank's Interest Savings Account earns more on smaller deposits (approx. $390 vs $340/yr).
Better Returns at $25,000
Bask BankBask Bank's Interest Savings Account pulls ahead with larger amounts (approx. $975 vs $850/yr).
Best for Simplicity
Bask BankBask Bank's Interest Savings Account offers 3.90% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
American ExpressAmerican Express offers an iOS app rated 4.9 (vs. 4.7) and Android app rated 3.6 (vs. 4.5)
Shared Benefits
Over a 1-year period, Bask Bank's Interest Savings Account pays $50 more interest on a $10,000 balance than American Express's High Yield Savings Account.
Executive Summary
Bask Bank offers a competitive Interest Savings Account with a leading APY of 3.90%, making it the winner in this comparison. This account features no minimum deposit or balance requirements, and it does not necessitate direct deposit, providing a straightforward savings option. In contrast, American Express's High Yield Savings Account offers a lower APY of 3.40% and is also an online-only product with similar terms regarding minimum deposits and fees. Both banks have no maintenance fees and provide daily compounding, but Bask Bank stands out for its higher yield and simplicity.
Analysis generated based on current Banksparency database records
* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.
Top Market Contenders
See who beats both American Express and Bask Bank.
| Feature | American Express | Bask Bank |
|---|---|---|
| APY | 3.40% Verified: 12/6/2025 ↘︎ 0.10%90d Change | 3.90% Verified: 12/6/2025 ↘︎ 0.25%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 Android4.5 |
| BBB Rating | F | B |
| Next Steps |
Savings Comparison
Bask Bank earns $319.7 more than American Express.
American Express
High Yield Savings Account
Savings Breakdown
- Interest Earned+$2,050.50(10.2%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,050.50
Bask Bank
Interest Savings Account
Savings Breakdown
- Interest Earned+$2,370.20(11.6%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,370.20
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | American Express | Bask Bank |
|---|---|---|
| High Yield Savings Account | Interest Savings Account | |
Current APY | 3.40% | 3.90% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.2 | -4.4 |
Days Since Change | 10 | 29 |
10-Month High | 3.80% | 4.50% |
10-Month Low | 3.40% | 3.90% |
Adjustments / Mo | 0.38 | 0.47 |
Volatility Score | 0.030 | 0.036 |
How to read these metrics(Click to expand)
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