Bask Bank vs. Openbank
Bask Bank edges out Openbank slightly at 4.10% vs 4.00% APY. On a $10,000 balance, the difference is just $10 per year—so other factors may matter more.
The Bottom Line
The Bask Bank and Openbank savings accounts are very similar. Choose Bask Bank if you're an Android user, or you want Zelle for quick transfers.
| Metric | Bask BankInterest Savings Account May 23, 2026 | OpenbankHigh-Yield Savings Account May 20, 2026 |
|---|---|---|
| APY | 4.10% | 4.00% |
Est. Earnings | $5,000+$205 $10,000+$410 $25,000+$1,025 | $5,000+$200 $10,000+$400 $25,000+$1,000 |
Min Deposit | $0 | $500 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingRate Changes Often | FDIC InsuredLow MinimumsGreat iOS AppRate Changes Often |
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.
Executive Summary
Bask Bank offers a competitive Interest Savings Account with an APY of 4.10%, making it the higher-yield option compared to Openbank's High-Yield Savings Account, which has an APY of 4.00%. Both accounts are online-only, with Bask Bank requiring no minimum deposit or balance, while Openbank requires a minimum deposit of $500. Additionally, Bask Bank is noted for its superior mobile app experience, with both its iOS and Android apps rated 4.7. Both banks do not require direct deposit 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?
- ✓Higher rated Android app (4.7 vs 3.2)
- ✓Fast transfers via Zelle®
Why Openbank?
No distinct advantages found vs Bask Bank.
— Key Feature Differences —
Best Mobile App Experience
Bask BankBask Bank offers an iOS app rated 4.7 (vs. 4.6) and Android app rated 4.7 (vs. 3.2)
Shared Benefits
Over a 1-year period, Bask Bank's Interest Savings Account pays $10 more interest on a $10,000 balance than Openbank's High-Yield Savings Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Non-sponsored link to official site
Non-sponsored link to official site
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Bask Bank vs. Openbank Savings Calculator
You earn $10 more with Bask Bank than Openbank 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+$410.00(3.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,410.00
Openbank
High-Yield Savings Account
Savings Breakdown
- Interest Earned+$400.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,400.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still banking with Chase, Bank of America, or Wells Fargo?
On a $10,000 balance, you're missing out on at least $399 per year in interest.
Both Bask Bank and Openbank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Bask Bank | Openbank |
|---|---|---|
| APY | 4.10% Verified: 5/23/2026 ↗︎ 3.85%90d Change | 4.00% Verified: 5/20/2026 ↘︎ 0.09%90d Change |
| Product Name | Interest Savings Account | High-Yield Savings Account |
| Minimum Deposit | $0 | $500 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Monthly |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Physical Branches | None | None |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| 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 | 4.10% | 4.00% |
Trend | Stable | Stable |
Velocity (bps/mo) | -32.1 | -2.4 |
Days Since Change | 1 | 50 |
12-Month High | 4.20% | 4.40% |
12-Month Low | 0.25% | 4.00% |
Adjustments / Mo | 0.58 | 0.33 |
Volatility Score | 0.562 | 0.021 |
How to read these metrics(Click to expand)
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Comparing against Standard Savings
High Rates (With Checking Bundle)
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More Comparisons
Compare Bask Bank's APY of 4.10% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Bask Bank vs Ally Bank | 3.10% | $0 |
| Bask Bank vs American Express | 3.10% | $0 |
| Bask Bank vs Axos Bank | 4.21% | $0 |
| Bask Bank vs Barclays | 3.75% | $0 |
| Bask Bank vs Capital One | 3.10% | $0 |
| Bask Bank vs Chime | 3.00% | $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 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 |