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 Sep 11, 2026 | OpenbankHigh-Yield Savings Account Sep 11, 2026 |
|---|---|---|
| APY | 3.75% | 3.80% |
Earns in a year | $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
Bask Bank offers an Interest Savings Account with a competitive APY of 3.75%. This account requires no minimum deposit or balance and has no maintenance fees, making it accessible for all users. In comparison, Openbank provides a High-Yield Savings Account with a slightly higher APY of 3.80%, but it requires a minimum deposit of $50,000. Both accounts are online-only and do not require direct deposit, allowing for flexibility in managing funds. Overall, while Openbank has a marginally higher APY, the accessibility of Bask Bank's account may appeal to a wider audience.
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 at a large branch bank?
A typical branch-bank savings rate is 0.05% APY. On a $10,000 balance, the gap to these two banks is at least $370 a year in interest.
Both Bask Bank and Openbank advertise far more than that typical branch-bank rate.
| Feature | Bask Bank | Openbank |
|---|---|---|
| APY | 3.75% Observed: 9/11/2026 0.25%90-day change | 3.80% Observed: 9/11/2026 Stable over 90 days |
| 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 |
Speed of change | -0.05 | -0.02 |
Days Since Change | 129 | 100 |
12-Month High | 4.15% | 4.20% |
12-Month Low | 3.75% | 3.80% |
Changes per month | 0.41 | 0.25 |
Steadiness | 0.032 | 0.013 |
How to read these metrics(Click to expand)
Trends and speed
- Trend: The general direction of the rate over the analyzed period. Useful for seeing whether a bank is raising its rate or letting it slip.
- Speed of change: How fast the rate moves. A high positive number means they raise rates quickly. A reading of 0.10 is a tenth of a percentage point each month.
- Changes per month: How often the rate moves. A high number means it changes constantly; a low number means it holds.
Risk & Range
- High/Low: The absolute ceiling and floor of the rate during the 364-day window.
- Steadiness: How far the rate swings around its average. A lower score means a steadier, more predictable rate.
- Days Since Change: A high number, for example above 90, means the rate rarely moves. A low number means it changed recently.
Compare Similar High-Yield Accounts
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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 | 4.00% | $0 |
| Bask Bank vs Synchrony Bank | 3.30% | $0 |
| Bask Bank vs Varo Bank | 3.75% | $0 |
| Bask Bank vs Wealthfront | 3.95% | $0 |