This Bask Bank Review is in partnership with Bask Bank.
Are you searching for a savings account that helps you travel more and diversify your savings?
Bask Bank offers an innovative way to save. With a Bask Bank savings account, you can earn airline miles instead of—or in addition to—traditional interest simply by keeping money in the account.
Yes — Bask Bank rewards you for saving.
Bask Bank helps customers reach savings goals through three account options: the Mileage Savings Account, which awards 2 American Airlines AAdvantage® miles per $1 saved annually; an Interest Savings Account that currently offers one of the industry’s higher APYs; and Certificate of Deposit (CD) accounts.
Those rates are competitive compared with many online savings options.
If you have questions like the ones below, this Bask Bank review will help:
- What is Bask Bank?
- Is Bask Bank safe and FDIC insured?
- Can Bask Bank help me travel more?
- What is the Mileage Savings Account and how does it work?
- How many AAdvantage® miles can I earn?
- Are there fees or other costs?
Learn more on Bask Bank’s website.
Bask Bank Review
What is Bask Bank?
Bask Bank is the online-only division of Texas Capital Bank, Member FDIC, headquartered in Dallas. Texas Capital launched one of the first online-only savings banks in the U.S. in 1999.
Bask stands out by rewarding customers for saving rather than spending—offering either airline miles through its mileage program or a competitive interest rate on savings.
Accounts include strong customer support, no monthly maintenance fees, and options tailored to different saving goals.
What savings accounts does Bask Bank offer?
Bask Bank offers three primary savings products: the Mileage Savings Account, the Interest Savings Account, and Certificates of Deposit (CDs).
What is the Mileage Savings Account and how many AAdvantage® miles will I earn?
The Mileage Savings Account is the only Bask product that pays American Airlines AAdvantage® miles. It awards 2 AAdvantage® miles for every $1 saved annually in the account.
Example: If you deposit $10,000 initially and set up recurring monthly deposits of $1,000, after 12 months you would have earned 31,000 AAdvantage® miles. If you only deposit $10,000 and make no further deposits, you would earn 20,000 miles over 12 months.
This makes it straightforward to earn travel rewards simply by saving—no spending required.
Bask has offered promotional bonuses at times—such as extra AAdvantage® points for maintaining specific deposit thresholds—so check current terms and eligibility when opening an account.
How can I use the AAdvantage® miles I earn? Will this help me travel more?
Miles earned from a Bask Mileage Savings Account are deposited to your American Airlines AAdvantage® account and can be used just like miles earned through other AAdvantage® partners.
You can redeem miles for flights, seat upgrades, hotel stays, and other rewards. The more you save, the more miles you accumulate, which can help you reach travel redemptions sooner.
What is the Bask Interest Savings Account?
The Interest Savings Account offers a high-yield option with a competitive APY, a user-friendly mobile app, and no monthly maintenance fees.
At publication, the account offered a notable APY that ranks well among online high-yield savings accounts—check current rates for the latest information.
What are Bask Bank’s Certificate of Deposit (CD) options?
Bask Bank offers CD terms ranging from 6 to 24 months with a $1,000 minimum deposit. CDs provide a fixed APY for the chosen term in exchange for leaving funds untouched until maturity.
At the time noted in Bask’s disclosures, 6-month CDs and 12–24 month terms carried competitive rates. Early withdrawal penalties apply and may reduce earnings.
Is Bask Bank FDIC insured and trustworthy?
Yes. Bask Bank accounts are provided by Texas Capital Bank, an FDIC member, and deposits are insured up to applicable limits. This FDIC coverage and Bask’s long-standing partnership with American Airlines contribute to its credibility.
Does Bask Bank offer a mobile app?
Yes. Bask Bank provides a mobile app that lets you schedule deposits, transfer funds, track miles or interest earnings, and contact customer support. The app is available via Bask Bank’s website, the App Store, and Google Play.
Pros and cons of Bask Bank
Bask Bank offers attractive features for savers, though it focuses exclusively on savings products.
Pros:
- Earn a high APY or airline miles—competitive yields compared with many banks
- No monthly maintenance fees
- No cap on mileage earnings for the Mileage Savings Account
- Highly rated customer support available most days of the week
- Earn airline miles by saving—no spending required
- FDIC insured through Texas Capital Bank
Cons:
- Product lineup is limited to savings and CDs
- No checking or money market accounts
- No ATM or debit card is provided
Fees and costs
Bask Bank charges no monthly account fees, making it a low-cost option for saving. Standard fees may apply for wire transfers. CDs carry early withdrawal penalties if you access funds before maturity.
Summary
Bottom line: If you want a straightforward, online savings solution with either a high APY or the ability to earn American Airlines AAdvantage® miles, Bask Bank is a compelling option. It delivers a clean digital experience, no monthly fees, and a rewards structure tailored to savers.
If you need ATM access or a full checking account, you may want to pair Bask Bank with another institution, but for focused saving goals—especially for travelers who fly American Airlines—Bask Bank can make it easier to earn meaningful rewards without extra spending.
Learn more about Bask Bank.
Do you have any questions to add to this Bask Bank review? Are you interested in earning miles through a savings account, and why or why not?
Disclosures: National average rate and APY references are provided by Bask Bank’s disclosures and FDIC data. APY is variable and subject to change after account opening. No monthly account fees or minimum deposit may be required for some accounts; funding timelines and minimums apply for promotional offers and CDs. Bask Bank is a division of Texas Capital Bank, Member FDIC.