Bask Bank vs. Openbank
Comparing Bask Bank and Openbank for savings: Bask Bank's Interest Savings Account pays 0.25% APY while Openbank's High-Yield Savings Account pays 4.09% APY.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Openbank pays $384 more than Bask Bank annually ($409 vs $25).
Choose Bask Bank if mobile app quality matters, or you want Zelle for quick transfers. Choose Openbank if getting the best rate matters most.
| Metric | Bask BankInterest Savings Account Feb 21, 2026 | OpenbankHigh-Yield Savings Account Feb 21, 2026 |
|---|---|---|
| APY | 0.25% | 4.09% |
Est. Earnings | $5,000+$13 $10,000+$25 $25,000+$63 | $5,000+$205 $10,000+$409 $25,000+$1,023 |
Min Deposit | $0 | $500 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingRate Changes Often | FDIC InsuredLow MinimumsRate 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
Openbank offers a High-Yield Savings Account with an impressive APY of 4.09%, making it the clear winner in this comparison. This account is online-only, requires a minimum deposit of $500, and has no maintenance fees. In contrast, Bask Bank provides an Interest Savings Account with a significantly lower APY of 0.25%, also online-only, but with no minimum deposit or maintenance fees. While Bask Bank is noted for its superior mobile app experience, Openbank stands out for better returns, particularly at higher deposit amounts.
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 iOS app (4.7 vs 3.1)
- ✓Higher rated Android app (4.6 vs 2.6)
- ✓Fast transfers via Zelle®
Why Openbank?
- ✓Higher potential APY (4.09% vs 0.25%) on all balances
- ✓No checking account or direct deposit required
— Key Feature Differences —
Better Returns at $10,000
OpenbankOpenbank's High-Yield Savings Account earns more on smaller deposits (approx. $409 vs $25/yr).
Better Returns at $25,000
OpenbankOpenbank's High-Yield Savings Account pulls ahead with larger amounts (approx. $1023 vs $63/yr).
Best for Simplicity
OpenbankOpenbank's High-Yield Savings Account offers 4.09% 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. 2.6)
Shared Benefits
Over a 1-year period, Openbank's High-Yield Savings Account pays $384 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
Top Market Contenders
Bask Bank vs. Openbank Savings Calculator
You earn $384 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+$25.00(0.2%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,025.00
Openbank
High-Yield Savings Account
Savings Breakdown
- Interest Earned+$409.00(3.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,409.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Bask Bank | Openbank |
|---|---|---|
| APY | 0.25% Verified: 2/21/2026 ↘︎ 3.65%90d Change | 4.09% Verified: 2/21/2026 ↘︎ 0.11%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 | A- |
| 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 | 0.25% | 4.09% |
Trend | Stable | Stable |
Velocity (bps/mo) | -15.1 | -2.7 |
Days Since Change | 18 | 16 |
12-Month High | 4.35% | 4.75% |
12-Month Low | 0.25% | 4.09% |
Adjustments / Mo | 0.50 | 0.33 |
Volatility Score | 0.253 | 0.027 |
How to read these metrics(Click to expand)
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