Bask Bank vs. Wells Fargo
Compare rates, requirements, and features side-by-side to find the best option for you.
Bask Bank
Interest Savings Account
3.90%APYDec 6, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Bask Bank
Interest Savings Account
Wells Fargo
Platinum Savings
0.05%APYDec 6, 2025FDIC InsuredHigh MinimumChecking BundleGreat iOS AppGreat Android AppIn-Person AccessShow Fine Print & Trends Hide Details
Wells Fargo
Platinum Savings
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.25% APY.
Comparison Analysis
Comparing Bask Bank vs. Wells Fargo
Why Bask Bank?
- ✓Higher potential APY (3.90% vs 0.01%-0.05%) on all balances
- ✓No checking account or direct deposit required
Why Wells Fargo?
- ✓Physical branch access (Wells Fargo offers branches and ATMs in 36 states and Washington, D.C.)
- ✓Offers 2 different high-yield savings options
— Key Feature Differences —
Better Returns at $10,000
Bask BankBask Bank's Interest Savings Account earns more on smaller deposits (approx. $390 vs $5/yr).
Better Returns at $25,000
Bask BankBask Bank's Interest Savings Account pulls ahead with larger amounts (approx. $975 vs $13/yr).
Best for Simplicity
Bask BankBask Bank's Interest Savings Account offers 3.90% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
Wells FargoWells Fargo offers an iOS app rated 4.9 (vs. 4.7) and Android app rated 4.8 (vs. 4.5)
Shared Benefits
Over a 1-year period, Bask Bank's Interest Savings Account pays $385 more interest on a $10,000 balance than Wells Fargo's Platinum Savings.
Executive Summary
Bask Bank offers a competitive Interest Savings Account with an APY of 3.90%, significantly outperforming Wells Fargo's savings options, which feature a maximum APY of only 0.05% for their Platinum Savings account under strict conditions. Bask Bank's account has no minimum deposit requirement, maintenance fees, or direct deposit stipulations, making it an attractive choice for savers looking for simplicity and higher returns. In contrast, Wells Fargo's Way2Save Savings account has a minimal APY of 0.01% and requires a $25 minimum deposit, while their Platinum Savings account necessitates a $1,000,000 balance for the highest rate and is linked to a checking account. Overall, Bask Bank emerges as the clear winner.
Analysis generated based on current Banksparency database records
* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.
Top Market Contenders
See who beats both Bask Bank and Wells Fargo.
| Feature | Bask Bank | Wells Fargo |
|---|---|---|
| APY | 3.90% Verified: 12/6/2025 ↘︎ 0.25%90d Change | 0.05% Range: 0.05% - 0.05% Verified: 12/6/2025 ↘︎ 2.46%90d Change |
| Product Name | Interest Savings Account | Platinum Savings |
| Minimum Deposit | $0 | $25 |
| Min. Balance for APY | $0 | $1,000,000 |
| Monthly Fee | $0 | $12. Waived with $3,500 minimum daily balance. |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | Yes |
| Mobile Apps | iOS4.7 Android4.5 | iOS4.9 Android4.8 |
| BBB Rating | B | D- |
| Important Notes | - | This is a tiered savings account where rates vary based on the balance. The 0.05% APY is available for balances of $1,000,000 or more, and 0.05% APY up to $99,999.99. These APYs require the account is linked to a Wells Fargo Premier checking account. See bank for more tiers and details. |
| Next Steps |
Savings Comparison
Bask Bank earns $2,341.6 more than Wells Fargo.
Bask Bank
Interest Savings Account
Savings Breakdown
- Interest Earned+$2,370.20(11.6%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,370.20
Wells Fargo
Platinum Savings
Higher APY requires $1,000,000
Savings Breakdown
- Interest Earned+$28.60(0.2%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$18,028.60
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Bask Bank | Wells Fargo | |
|---|---|---|---|
| Interest Savings Account | Platinum Savings | Way2Save Savings | |
Current APY | 3.90% | 0.05% | 0.01% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -7.6 | -72.0 | 0.0 |
Days Since Change | 29 | 50 | 143 |
5-Month High | 4.20% | 2.51% | 0.01% |
5-Month Low | 3.90% | 0.05% | 0.01% |
Adjustments / Mo | 0.63 | 0.63 | 0.00 |
Volatility Score | 0.028 | 0.843 | 0.000 |
How to read these metrics(Click to expand)
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