Bask Bank vs. Openbank
Openbank edges out Bask Bank slightly at 3.80% vs 3.75% APY. On a $10,000 balance, the difference is just $5 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 want Zelle for quick transfers.
| Metric | Bask BankInterest Savings Account Aug 22, 2026 | OpenbankHigh-Yield Savings Account Aug 19, 2026 |
|---|---|---|
| APY | 3.75% | 3.80% |
Est. Earnings | $5,000+$188 $10,000+$375 $25,000+$938 | $5,000+$190 $10,000+$380 $25,000+$950 |
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 AppGreat Android AppStable Rate |
Market Reality Check
Both of these institutions offer rates below the top 10 savings and money market accounts we track. Those institutions all pay at least 4.01% APY.
Executive Summary
Openbank offers a High-Yield Savings Account with an APY of 3.80%, making it the higher-yield option compared to Bask Bank's Interest Savings Account, which has an APY of 3.75%. Both accounts are online-only, require no maintenance fees, and have no minimum balance requirements, although Openbank requires a minimum deposit of $50,000 to open the account. Additionally, both banks do not require direct deposit for their savings accounts. Openbank's product is slightly more rewarding, while Bask Bank is noted for its superior mobile app experience.
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?
- ✓Fast transfers via Zelle®
Why Openbank?
No distinct advantages found vs Bask Bank.
Shared Benefits
Over a 1-year period, Openbank's High-Yield Savings Account pays $5 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.
Non-sponsored link to official site
Non-sponsored link to official site
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Bask Bank vs. Openbank Savings Calculator
You earn $5 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+$380.00(3.7%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,380.00
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 $374 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 | 3.75% Verified: 8/22/2026 ↘︎ 0.25%90d Change | 3.80% Verified: 8/19/2026 ↘︎ 0.20%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 |
| In-Branch Access | No | No |
| Account Type | Online Only | Online Only |
| Physical Branches | Not reported | Not reported |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC or NCUA 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 | 3.75% | 3.80% |
Trend | Stable | Stable |
Velocity (bps/mo) | -5.7 | -1.8 |
Days Since Change | 109 | 80 |
12-Month High | 4.20% | 4.20% |
12-Month Low | 3.75% | 3.80% |
Adjustments / Mo | 0.50 | 0.25 |
Volatility Score | 0.035 | 0.012 |
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 3.75% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Bask Bank vs Ally Bank | 3.00% | $0 |
| Bask Bank vs American Express | 3.00% | $0 |
| Bask Bank vs Axos Bank | 4.21% | $0 |
| Bask Bank vs Barclays | 3.65% | $0 |
| Bask Bank vs Capital One | 3.50% | $0 |
| Bask Bank vs Chime | 3.75% | $0 |
| Bask Bank vs CIT Bank | 3.75% | $100 |
| Bask Bank vs EverBank | 3.90% | $0 |
| Bask Bank vs Marcus by Goldman Sachs | 3.40% | $0 |
| Bask Bank vs Newtek Bank | 4.20% | $100 |
| Bask Bank vs Pibank | 4.10% | $0 |
| Bask Bank vs SoFi Bank | 3.80% | $0 |
| Bask Bank vs Synchrony Bank | 3.30% | $0 |
| Bask Bank vs Varo Bank | 3.75% | $0 |
| Bask Bank vs Wealthfront | 3.95% | $0 |