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Bask Bank isn't as full-featured as some other online banks, but it offers a wide range of bank accounts, from checking to savings and CDs. Its APYs are competitive with the best high-yield checking accounts, savings accounts, and CDs, and it charges exceptionally low fees.
Our methodology for scoring banks and credit unions revolves around evaluating key aspects such as annual percentage yield (APY), brand reputation, fees and minimum requirements, and additional perks.
These criteria are weighted differently across various account types, ensuring a comprehensive assessment that reflects the competitive landscape and economic conditions.
We strictly feature products that offer federal insurance and high customer satisfaction, keeping our recommendations unbiased by advertiser influence. This robust evaluation process helps us generate balanced, reliable best-of lists that guide consumers to top financial products.
Learn more about how Motley Fool Money rates bank accounts.
Bask Bank could be the right fit for you if:
| Bask Bank Fee | Charge |
|---|---|
| Monthly account fee | $0 |
| Non-bank ATM fee |
Bask Bank provides access to more than 55,000 no-fee ATMs through the Allpoint® ATM network. Customers may be assessed a usage fee when using ATMs not owned by Bask Bank; the bank's website does not specify how much these non-bank ATM fees cost. |
| Overdraft fee | $0 |
| International transaction fee | $0 |
| Stop payment fee | $0 |
| Outgoing wire transfers |
Domestic wires: $20 online, $35 manual, International wires: $35 online, $50 manual |
| Account closure fee -- within 90 days of opening | $0 |
Bask Bank offers two unique savings accounts that reward customers in very different ways.
The Bask Interest Savings account is a traditional high-yield savings account with a competitive APY and no minimums to earn it.
Bask Interest Savings
The Bask Interest Savings account is a competitive online savings account with a high APY and no monthly account fees. But if you make regular cash withdrawals from savings, this account might not be the best choice -- it does not include an ATM or debit card.
Bask Interest Savings is unavailable on Motley Fool Money. All information was collected independently and not reviewed for accuracy or provided by the issuer. Some items may be out of date.
The Bask Mileage Savings Account is a unique alternative to a traditional savings account that could appeal to frequent air travelers. Instead of earning yield in the form of cash each month, the Bask Mileage Savings Account earns American Airlines AAdvantage® miles.
With this innovative savings account, you can earn 2 American Airlines AAdvantage® miles for every $1 saved annually in your account. Just like other frequent flyer miles, you can redeem these for future airfare purchases. However, the Bask Mileage Savings Account may not be the right fit for you if you travel infrequently or don't want to be limited to a specific airline.
Make sure you're getting the best account for you by comparing savings rates and promotions. Here are some of our favorite high-yield savings accounts to consider.
| Account | APY | Bonus | Next Steps |
|---|---|---|---|
Open Account for SoFi Checking and Savings
On SoFi's Secure Website.
4.90/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor |
up to 3.80%
Rate info
Earn up to 3.80% Annual Percentage Yield (APY) on one SoFi Savings account with a 0.70% APY Boost (added to the 3.10% APY as of 5/28/26) for up to 6 months. Open your first SoFi Checking and Savings account and receive eligible direct deposits OR qualifying deposits of $5,000 every 31 days by 12/31/26. Rates are variable, subject to change. Terms apply at sofi.com/banking#2. SoFi Bank, N.A. Member FDIC.
Min. to earn: $0
|
Earn $50 or $400 and +0.70% Boost on Savings APY with direct deposit. Terms apply.
Earn up to 3.80% Annual Percentage Yield (APY) on one SoFi Savings account with a 0.70% APY Boost (added to the 3.10% APY as of 5/28/26) for up to 6 months. Open your first SoFi Checking and Savings account and receive eligible direct deposits OR qualifying deposits of $5,000 every 31 days by 12/31/26. Rates are variable, subject to change. Terms apply at sofi.com/banking#2. SoFi Bank, N.A. Member FDIC. |
Open Account for SoFi Checking and Savings
On SoFi's Secure Website. |
Open Account for NexBank High-Yield Savings Account from Raisin
On Raisin's Secure Website.
4.70/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor |
4.15%
Rate info
Earn a guaranteed 4.15% APY for 90 days. After that, your savings keep growing at a competitive standard rate — currently 3.97% APY (subject to change). No minimum account balance required. Deposit or withdraw at any time with no additional fees. See product terms for complete details.
Min. to earn: $1
|
Earn up to $1,200 when you sign up and fund your account using code SUMMER26.¹
|
Open Account for NexBank High-Yield Savings Account from Raisin
On Raisin's Secure Website. |
Open Account for Happen Bank LevelUp Savings
On Happen Bank's Secure Website.
4.70/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor |
4.00% APY with $250+ in monthly deposits
Rate info
*LevelUp Rate of 4.00% APY applied to full balance with $250+ in deposits in Evaluation Period. Otherwise, accounts earn Standard Rate of 3.00% APY. LevelUp Rate applies to first two statement cycles. Rates variable & subject to change at any time. See terms: https://www.happen.com/legal/deposits/levelup-savings-t-and-cs
Min. to earn:
|
N/A
|
Open Account for Happen Bank LevelUp Savings
On Happen Bank's Secure Website. |
¹New customers only. Earn a cash bonus (the "Base Bonus") when you deposit and maintain funds with partner banks on the Raisin platform. Customers will receive a Base Bonus of $50 for depositing between $10,000 and $24,999; $125 for depositing between $25,000 and $49,999; $250 for depositing between $50,000 and $99,999; $500 for depositing between $100,000 and $199,999; and $1,000 for depositing $200,000 or more.
Customers may earn an additional bonus by setting up a recurring deposit within 14 days of their initial deposit (the “Recurring Deposit Bonus”). To qualify, the recurring deposit must be established within 14 days of the initial deposit date and it must execute at least two (2) times within 90-days of the initial deposit. Recurring Deposit Bonus eligibility is determined by your Base Bonus tier:
Customers are eligible to earn the Recurring Deposit Bonus associated with their Base Bonus tier or any lower Recurring Deposit Bonus tier. For example, a customer with an initial deposit of $200,000 (qualifying for the highest Base Bonus tier) whose aggregate recurring deposits total $500, is eligible for the lower tier and will receive the $50 Recurring Deposit Bonus. However, setting up a recurring deposit greater than your Base Bonus tier's required threshold will not qualify you for a higher Recurring Deposit Bonus.
The Recurring Deposit Bonus is paid in addition to the Base Bonus. To qualify for the Base Bonus and Recurring Deposit Bonus, your first deposit must be initiated between June 1, 2026, and August 31, 2026, by 11:59 PM ET, and the promo code SUMMER26 must be entered at the time of sign-up. Only funds deposited within 14 days of the initial deposit date and maintained with partner banks on the Raisin platform for 90 days will be eligible for the Base Bonus. Bonus cash will be credited directly to your Cash Account within 30 days of meeting all qualifying terms. This offer is available to new customers only and may not be combined with any other bonus offers. Raisin may modify or end this offer at any time and may withhold or revoke bonuses in cases of fraud, abuse, or violation of these terms or Raisin’s Terms of Service.
offer terms ranging from three to 24 months. The rates on accounts are competitive with the best CDs, and Bask Bank's minimum opening deposit, while higher than what some other banks require, is not unreasonable.
But the bank doesn't currently offer any CDs with terms longer than two years, so it may not be the best option for those interested in CD laddering.
EverBank CD Raisin
On Raisin's Secure Website.
CIT Bank No-Penalty CD
On CIT's Secure Website.
If you want a checking account that earns interest, consider the Bask Interest Checking account. This checking account earns a high APY that is competitive with some of the best checking accounts. Sometimes this account offers new customer sign-up bonuses.
Bask Interest Checking
The Bask Interest Checking account offers a high APY and includes access to more than 55,000 surcharge-free ATMs. There is no minimum deposit required for this checking account.
We recommend comparing checking accounts to make sure you're getting the best fit for you. Here's a list of our favorite accounts.
| Account | APY | Bonus | Next Steps |
|---|---|---|---|
Open Account for Quontic High Interest Checking
On Quontic's Secure Website.
4.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor |
up to 1.10%
Min. to earn: $1
|
High APY when you complete 10 or more qualifying debit card purchases each month
|
Open Account for Quontic High Interest Checking
On Quontic's Secure Website. |
10 debit card point of sale transactions of $10 or more per statement cycle required to earn the maximum APY. If the qualifying activity requirement is not fulfilled, the interest rate paid on the entire balance will be 0.01% APY.
Bask Bank is a relatively small bank, and hasn't featured in large-scale customer satisfaction surveys, like those conducted by J.D. Power.
The bank currently has a B rating from the Better Business Bureau (although it is not BBB accredited), with 2 out of 5 stars on bbb.org based on customer reviews. Bask Bank gets 2.3 out of 5 stars with Trustpilot. Several customers complained about having difficulty opening savings accounts.
If you're comfortable with online banking and undaunted by a few bad reviews, the typical Bask Bank customer experience might not be reflected by a few negative comments on review sites. Bask Bank's star ratings on bbb.org and Trustpilot are actually better than many banks we've researched.
But if you want a bank with physical branches and a stronger, well-documented reputation for customer service, Bask Bank might not be the best choice.
Bask Bank offers a few ways to contact customer support:
Phone: Call 833-260-4320 to reach the customer support team six days a week, Monday-Friday from 7 a.m. to 7 p.m. CT, and Saturday from 9 a.m. to 4 p.m. CT. The customer support center is closed on Sundays.
Online request: Fill out an online form to send a request to Bask Bank customer support.
Secure message: Existing customers can send a secure message from within their Bask Bank account.
The Bask Bank mobile app lets you manage your accounts on the go, with typical must-have mobile banking features like setting up transfers, viewing balances, and contacting customer support. Unlike some banks' apps, the Bask Bank mobile app gets generally high ratings from iOS and Android users.
Here's how the Bask Bank mobile app stacks up:
Bask Bank is an online bank with no branch locations. You can get cash out of your Bask Interest Checking account by using one of the 55,000 surcharge-free ATMs in the Allpoint® ATM network, or by transferring money to an external bank account.
Here are a couple other banks you may want to consider if Bask Bank doesn't seem like the right fit for you.
Capital One offers a broad suite of banking products, including checking accounts, savings accounts, and CDs. It also has a variety of credit cards, including travel rewards credit cards. And it ranks highly in customer satisfaction surveys. If you want a brick-and-mortar bank with branches and Capital One Cafes, Capital One can be a good choice.
Discover® Bank is another online-only bank that's focused on slashing fees. Like Bask Bank, it doesn't charge maintenance fees on any of its accounts. It also offers a much broader variety of services, including CDs with longer terms and a checking account that pays you cash back on debit card purchases.
Yes, your money is safe with Bask Bank as it is FDIC insured, meaning deposits are protected up to $250,000 per depositor, per account ownership category.
No, Bask Bank operates entirely online and does not have physical branch locations.
Bask Bank is a division of Texas Capital Bank, which is a member of the FDIC.
Motley Fool Stock Disclosures
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Synchrony Financial is an advertising partner of Motley Fool Money. Charles Schwab is an advertising partner of Motley Fool Money. Citigroup is an advertising partner of Motley Fool Money. Ally is an advertising partner of Motley Fool Money. SLM is an advertising partner of Motley Fool Money. American Express is an advertising partner of Motley Fool Money. Kailey Hagen has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Apple, Axos Financial, Goldman Sachs Group, PNC Financial Services, and Target. The Motley Fool recommends Barclays Plc, Capital One Financial, and Charles Schwab and recommends the following options: short June 2025 $85 calls on Charles Schwab. The Motley Fool has a disclosure policy.No-Penalty/11-MO CD
APY — Annual Percentage Yield is accurate as of July 1, 2026. $1,000 minimum to open the account.
With a No-Penalty CD, you may withdraw the total balance and interest earned, without penalty, beginning 7 days after funds have been received for your CD. No withdrawals are permitted during the first 6 days following the receipt of funds.
CIT General Disclosures
For complete list of account details and fees, see our Personal Account disclosures.
