Bask Bank vs. Chime
Comparing Bask Bank and Chime for savings: Bask Bank's Interest Savings Account pays 0.25% APY while Chime's Chime High-Yield Savings Account pays 3.00% APY.
Note: Chime requires a checking account.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Chime pays $275 more than Bask Bank annually ($300 vs $25).
Choose Bask Bank if you want a no-strings-attached account, or you want Zelle for quick transfers. Choose Chime if getting the best rate matters most, or BBB rating matters to you.
Important Considerations
Chime requires a checking account to unlock its top savings rate, while Bask Bank offers its savings account standalone.
| Metric | Bask BankInterest Savings Account Apr 21, 2026 | ChimeChime High-Yield Savings Account Apr 21, 2026 |
|---|---|---|
| APY | 0.25% | 0.75% - 3.00% |
Est. Earnings | $5,000+$13 $10,000+$25 $25,000+$63 | $5,000+$150 $10,000+$300 $25,000+$750 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingRate Changes Often | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppDirect Deposit ReqChecking BundleDaily CompoundingRate Changes Often |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.07% APY.
Executive Summary
Chime offers a significant advantage with its High-Yield Savings Account, boasting an APY of 3.00%, making it a standout choice for savers. This account requires a qualifying direct deposit of $200 or more within the preceding 34 days and is best suited for those who also open a checking account. In comparison, Bask Bank's Interest Savings Account provides a much lower APY of 0.25% but does not have any direct deposit requirements, making it accessible for those looking for a simpler option. Both accounts are online-only and have no maintenance fees.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Bask Bank?
- ✓No checking account or direct deposit required
- ✓Fast transfers via Zelle®
Why Chime?
- ✓Higher potential APY (3.00% vs 0.25%) on all balances
— Key Feature Differences —
Better Returns at $10,000
ChimeChime's Chime High-Yield Savings Account earns more on smaller deposits (approx. $300 vs $25/yr).
Better Returns at $25,000
ChimeChime's Chime High-Yield Savings Account pulls ahead with larger amounts (approx. $750 vs $63/yr).
Best for All-in-One Banking
ChimeChime's Chime High-Yield Savings Account pays a superior APY for customers who also open a checking account.
Shared Benefits
Over a 1-year period, Chime's Chime High-Yield Savings Account pays $275 more interest on a $10,000 balance than Bask Bank's Interest Savings Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
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Bask Bank vs. Chime Savings Calculator
You earn $275 more with Chime than Bask Bank 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.
Bask Bank
Interest Savings Account
Savings Breakdown
- Interest Earned+$25.00(0.2%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,025.00
Chime
Chime High-Yield Savings Account
Savings Breakdown
- Interest Earned+$300.00(2.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,300.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Bask Bank | Chime |
|---|---|---|
| APY | 0.25% Verified: 4/21/2026 ↘︎ 3.50%90d Change | 3.00% Range: 0.75% - 3.00% Verified: 4/21/2026 ↘︎ 0.50%90d Change |
| Product Name | Interest Savings Account | Chime High-Yield Savings Account |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0.01 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Physical Branches | None | N/A |
| Direct Deposit Req. | None | RequiredYou need to receive a qualifying direct deposit of $200 or more within the preceding 34 days |
| Checking Bundle | No | Yes |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | Yes |
| Zelle® Support | Available Available for Interest Checking; not for standalone savings. | Not Supported |
| BBB Rating | B | A+ |
| Next Steps | Visit SiteVerify at Bask Bank Non-sponsored link to official site | Visit SiteVerify at Chime Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Bask Bank | Chime |
|---|---|---|
| Interest Savings Account | Chime High-Yield Savings Account | |
Current APY | 0.25% | 3.00% |
Trend | Stable | Stable |
Velocity (bps/mo) | -36.0 | -7.4 |
Days Since Change | 77 | 81 |
12-Month High | 4.20% | 3.75% |
12-Month Low | 0.25% | 3.00% |
Adjustments / Mo | 0.41 | 0.16 |
Volatility Score | 0.533 | 0.084 |
How to read these metrics(Click to expand)
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Compare Bask Bank's APY of 0.25% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Bask Bank vs Ally Bank | 3.10% | $0 |
| Bask Bank vs American Express | 3.20% | $0 |
| Bask Bank vs Axos Bank | 4.21% | $0 |
| Bask Bank vs Barclays | 3.75% | $0 |
| Bask Bank vs Capital One | 3.20% | $0 |
| Bask Bank vs CIT Bank | 3.75% | $100 |
| Bask Bank vs Discover Bank | 3.30% | $0 |
| Bask Bank vs EverBank | 3.90% | $0 |
| Bask Bank vs Marcus by Goldman Sachs | 3.50% | $0 |
| Bask Bank vs Newtek Bank | 4.20% | $0.01 |
| Bask Bank vs Openbank | 4.00% | $500 |
| Bask Bank vs Pibank | 4.40% | $0 |
| Bask Bank vs SoFi Bank | 4.00% | $0 |
| Bask Bank vs Synchrony Bank | 3.40% | $0 |
| Bask Bank vs Varo Bank | 5.00% | $0 |
| Bask Bank vs Wealthfront | 4.20% | $0 |