Bask Bank vs. Openbank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Bask BankInterest Savings Account Jan 7, 2026 | OpenbankHigh-Yield Savings Account Jan 7, 2026 |
|---|---|---|
| APY | 3.75% | 4.20% |
Est. Earnings | $5,000+$188 $10,000+$375 $25,000+$938 | $5,000+$210 $10,000+$420 $25,000+$1,050 |
Min Deposit | $0 | $500 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® Supported | FDIC InsuredLow Minimums |
Prefer In-Person Banking?
Both of these banks are online-only. If you need physical branch access, check out our list of high-yield accounts with brick-and-mortar locations.
As of Bask Bank offers an APY of 3.75% for its Interest Savings Account, with a minimum balance of $0, compared to Openbank's 4.20% APY for its High-Yield Savings Account, with a minimum balance of $0.
Openbank pays $45 more than Bask Bank on a $10,000 balance after one year. Bask Bank pays $375, while Openbank pays $420 - an APY advantage for Openbank.
Why Bask Bank?
- ✓Higher rated iOS app (4.7 vs 3.1)
- ✓Higher rated Android app (4.6 vs 2.9)
- ✓Fast transfers via Zelle®
Why Openbank?
- ✓Higher potential APY (4.20% vs 3.75%) on all balances
— Key Feature Differences —
Better Returns at $10,000
OpenbankOpenbank's High-Yield Savings Account earns more on smaller deposits (approx. $420 vs $375/yr).
Better Returns at $25,000
OpenbankOpenbank's High-Yield Savings Account pulls ahead with larger amounts (approx. $1050 vs $938/yr).
Best for Simplicity
OpenbankOpenbank's High-Yield Savings Account offers 4.20% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
Bask BankBask Bank offers an iOS app rated 4.7 (vs. 3.1) and Android app rated 4.6 (vs. 2.9)
Shared Benefits
Over a 1-year period, Openbank's High-Yield Savings Account pays $45 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.
Executive Summary as of
Openbank's High-Yield Savings Account stands out with an APY of 4.20%, making it the top choice compared to Bask Bank's Interest Savings Account, which offers a lower APY of 3.75%. Both accounts are online-only and have no maintenance fees, but Openbank requires a minimum deposit of $500. Notably, Openbank's account provides better returns for various deposit amounts, emphasizing its simplicity with no direct deposit requirements or caps. In contrast, Bask Bank is recognized for its superior mobile app experience, featuring high ratings on both iOS and Android.
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
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Bask Bank vs. Openbank Savings Calculator
You earn $45 more with Openbank 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+$375.00(3.6%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,375.00
Openbank
High-Yield Savings Account
Savings Breakdown
- Interest Earned+$420.00(4.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,420.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Bask Bank | Openbank |
|---|---|---|
| APY | 3.75% Verified: 1/7/2026 ↘︎ 0.30%90d Change | 4.20% Verified: 1/7/2026 Stable (90d) |
| Product Name | Interest Savings Account | High-Yield Savings Account |
| Minimum Deposit | $0 | $500 |
| 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 | iOS4.7 Android4.6 | iOS3.1 Android2.9 |
| Zelle® Support | Available Available for Interest Checking; not for standalone savings. | Not Supported |
| BBB Rating | B | Not Rated |
| Next Steps | Visit SiteVerify at Bask Bank Non-sponsored link to official site | Visit SiteVerify at Openbank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Bask Bank | Openbank |
|---|---|---|
| Interest Savings Account | High-Yield Savings Account | |
Current APY | 3.75% | 4.20% |
Trend | Stable | Stable |
Velocity (bps/mo) | -5.2 | -2.9 |
Days Since Change | 19 | 169 |
10-Month High | 4.35% | 4.75% |
10-Month Low | 3.75% | 4.20% |
Adjustments / Mo | 0.48 | 0.29 |
Volatility Score | 0.042 | 0.026 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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