Bask Bank vs. Chime
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 16, 2025
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Summary of Bask Bank vs. Chime
Key Metrics at a Glance
| Feature | Bask Bank | Chime |
|---|---|---|
| Top Savings APY | 3.90% Interest Savings Account | 3.50% Chime Savings Account |
| Minimum to Open | $0 | $0 |
| Minimum Balance for Top APY | $0 | $0.01 |
| Note | Chime® is a financial technology company, not a bank. Banking services provided by The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC. To open a savings account you must first open a checking account. To qualify for Chime+ with the 3.50% APY, you must have a Chime Checking account and receive a direct deposit of at least $200. Otherwise, the APY is 1.00%. |
Bask Bank
Strengths
- Bask Bank offers a higher APY of 3.90% compared to Chime's 3.50%.
- Bask Bank has no direct deposit requirement for its Interest Savings Account.
- Bask Bank's App Store rating is 4.7, slightly lower than Chime's.
Potential Drawbacks
- Bask Bank's APY decreased from 4.05% in the last 30 days.
- Bask Bank has a BBB rating of B and is not accredited.
- Bask Bank does not have any branches.
Chime
Strengths
- Chime has a BBB rating of A+ and is accredited.
- Chime's App Store rating is 4.8, higher than Bask Bank's.
- Chime offers a straightforward online-only banking experience.
Potential Drawbacks
- Chime's APY is lower at 3.50%, with a direct deposit requirement.
- Chime's APY is only 1.00% without qualifying direct deposits.
- Chime requires opening a checking account to access the savings account.
Summary: Bask Bank offers a higher APY of 3.90% without a direct deposit requirement, while Chime provides a lower APY of 3.50% but has a better BBB rating of A+. Chime's account requires a checking account and qualifying direct deposits, which may limit accessibility. Both banks operate online only, with Bask Bank having a slightly lower App Store rating than Chime.
→ As of November 16, 2025 Bask Bank offers an APY of 3.90% for its Interest Savings Account, with a minimum balance of $0, compared to Chime's 3.50% APY for its Chime Savings Account, with a minimum balance of $0.01.
→ Bask Bank yields $40 more than Chime on a $10,000 balance after one year. Bask Bank pays $390, while Chime pays $350 - an APY advantage for Bask Bank.
Calculate Savings Growth for Bask Bank vs Chime
All calculations are based on APY.
Bask Bank - Interest Savings Account
Top APY: 3.90%
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
Effective APY: 3.90% (based on your deposit and contributions)
Total balance: $20,370.2
Earnings: $2,370.2
Bank OverviewChime - Chime Savings Account
Top APY: 3.50%
Total savings breakdown:
- Interest earned: $2,114.1 (10.51%)
- Total contributions: $13,000 (64.63%)
- Initial deposit: $5,000 (24.86%)
Your total balance
$20,114.10
Effective APY: 3.50% (based on your deposit and contributions)
Total balance: $20,114.1
Earnings: $2,114.1
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Bask Bank's total earnings would be $256.1 higher than Chime's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Bask Bank's vs Chime's Savings Accounts
| Bask Bank | Chime | ||
|---|---|---|---|
| Product | Interest Savings Account | vs | Chime Savings Account |
| APY | 3.90% (as of 11/16/2025) | 1.00% - 3.50% (as of 11/16/2025) | |
| Bundled Account | No | Yes | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| Compound Frequency | Daily | Daily | |
| Minimum Deposit | $0 | $0 | |
| Minimum Balance for APY | $0 | $0.01 | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | No | Yes. You need to receive a qualifying direct deposit of $200 or more within the preceding 34 days | |
| Note | Chime® is a financial technology company, not a bank. Banking services provided by The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC. To open a savings account you must first open a checking account. To qualify for Chime+ with the 3.50% APY, you must have a Chime Checking account and receive a direct deposit of at least $200. Otherwise, the APY is 1.00%. | ||
| App Store Rating | 4.7/5 | 4.8/5 | |
| Google Play Rating | 4.5/5 | 4.7/5 | |
| BBB Rating | B | A+ |
Comparative Historical APY Insights (Last 10 Months)
| Bask Bank | Chime | ||
|---|---|---|---|
| Product | Interest Savings Account | vs | Chime Savings Account |
| Latest APY | 3.90 % | 3.50 % | |
| Trend | Sideways | Rising | |
| Slope (bps/mo) | -3.9 | 15.1 | |
| Rate Changes / Mo | 0.52 | 0.21 | |
| Days Since Last Change | 9 | 31 | |
| High (-10 m) | 4.50 % | 3.75 % | |
| Low (-10 m) | 3.90 % | 2.00 % | |
| Draw-down from High | -13.3 % | -6.7 % | |
| Volatility (CV) | 0.029 | 0.204 |
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 290 days.
- Low (-10 m)
- Lowest APY in the last 290 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.