Bank Of America vs. Bask Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 16, 2025
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Summary of Bank of America vs. Bask Bank
Key Metrics at a Glance
| Feature | Bank of America | Bask Bank |
|---|---|---|
| Top Savings APY | 0.01% Advantage Savings | 3.90% Interest Savings Account |
| Minimum to Open | $100 | $0 |
| Minimum Balance for Top APY | $0 | |
| Note | APY may vary by market. The monthly fee may be waived under some circumstances, such as if you maintain a minimum balance of $500, or are below the age of 25, etc. |
Bank of America
Strengths
- Bank of America has a strong BBB rating of A+ and is accredited.
- Bank of America offers a mobile app with a high App Store rating of 4.8.
Potential Drawbacks
- The Advantage Savings account has a low APY of 0.01%.
- There is an $8 monthly maintenance fee for the Advantage Savings account.
Bask Bank
Strengths
- Bask Bank's Interest Savings Account offers a competitive APY of 3.90%.
- Bask Bank has no maintenance fees for the Interest Savings Account.
Potential Drawbacks
- Bask Bank has a lower BBB rating of B and is not accredited.
- Bask Bank has no physical branches available.
→ As of November 16, 2025 Bank of America offers an APY of 0.01% for its Advantage Savings account, with a minimum balance of , compared to Bask Bank's 3.90% APY for its Interest Savings Account, with a minimum balance of $0.
→ Bask Bank yields $389 more than Bank of America on a $10,000 balance after one year. Bank of America pays $1, while Bask Bank pays $390 - an APY advantage for Bask Bank.
Calculate Savings Growth for Bank of America vs Bask Bank
Bank of America - Advantage Savings
Total savings breakdown:
- Interest earned: $5.7 (0.03%)
- Total contributions: $13,000 (72.20%)
- Initial deposit: $5,000 (27.77%)
Your total balance
$18,005.70
Total balance: $18,005.7
Earnings: $5.7
Bank OverviewBask Bank - Interest Savings Account
Total savings breakdown:
- Interest earned: $2,370.2 (11.64%)
- Total contributions: $13,000 (63.82%)
- Initial deposit: $5,000 (24.55%)
Your total balance
$20,370.20
Total balance: $20,370.2
Earnings: $2,370.2
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Bank of America's total earnings would be $2,364.5 lower than Bask Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Bank of America's vs Bask Bank's Savings Accounts
| Bank of America | Bask Bank | ||
|---|---|---|---|
| Product | Advantage Savings | vs | Interest Savings Account |
| APY | 0.01% (as of 11/16/2025) | 3.90% (as of 11/16/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | No | Yes | |
| Compound Frequency | Monthly | Daily | |
| Minimum Deposit | $100 | $0 | |
| Minimum Balance for APY | N/A | $0 | |
| Maintenance Fee | $8 | $0 | |
| Direct Deposit Required | No | No | |
| Note | APY may vary by market. The monthly fee may be waived under some circumstances, such as if you maintain a minimum balance of $500, or are below the age of 25, etc. | ||
| App Store Rating | 4.8/5 | 4.7/5 | |
| Google Play Rating | 4.6/5 | 4.5/5 | |
| BBB Rating | A+ | B |
Comparative Historical APY Insights (Last 10 Months)
| Bank of America | Bask Bank | ||
|---|---|---|---|
| Product | Advantage Savings | vs | Interest Savings Account |
| Latest APY | 0.01 % | 3.90 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | 0.0 | -4.0 | |
| Rate Changes / Mo | 0.00 | 0.51 | |
| Days Since Last Change | 291 | 9 | |
| High (-10 m) | 0.01 % | 4.50 % | |
| Low (-10 m) | 0.01 % | 3.90 % | |
| Draw-down from High | 0.0 % | -13.3 % | |
| Volatility (CV) | 0.000 | 0.030 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 10 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 (-10 m)
- Highest APY in the last 292 days.
- Low (-10 m)
- Lowest APY in the last 292 days.
- Draw-down from High
- How far today sits below the 10-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.