Bask Bank Review (2026)
Bask Bank offers the highest HYSA rate in our tracked universe at 4.85% APY, with zero minimum balance and zero monthly fees. Here is everything you need to decide if it belongs in your cash stack.
- + Highest tracked APY at 4.85%
- + No minimum balance required
- + No monthly maintenance fees
- + FDIC insured via Texas Capital Bank
- + Unique option to earn American Airlines miles instead of cash interest
- + Simple, distraction-free online account opening
- - No mobile app, web only
- - No checking account, ATM access, or debit card
- - Customer support options are limited compared to larger banks
Overview
Bask Bank is an online-only bank headquartered in Dallas, Texas, and is a division of Texas Capital Bank, a publicly traded regional bank with over $35 billion in assets. Texas Capital Bank has operated since 1998 and carries full FDIC deposit insurance up to $250,000 per depositor. That institutional backing gives Bask an unusual combination of a startup-style rate and established-bank safety.
The savings account itself is straightforward. You deposit money, you earn 4.85% APY, compounded daily and credited monthly. There is no minimum deposit to open, no minimum to maintain the rate, and no monthly service fee. Unlike most HYSAs, Bask also offers an alternative product called the Mileage Savings Account, which credits American Airlines AAdvantage miles instead of cash interest. That product is not covered here since we are reviewing the cash savings account, but frequent flyers should be aware it exists.
The tradeoff is narrow but real: Bask is web-only. There is no iOS or Android app. If you need to check your balance at 11pm from your phone, you will be doing it through a mobile browser, not a native app experience. For savers who treat this account as a secondary emergency fund or a rate-maximizing parking spot, that limitation rarely matters in practice.
Rate History
Bask Bank has tracked the Federal Reserve tightening cycle closely since 2023. As the Fed raised the federal funds rate from near zero in 2022 to a peak of 5.25-5.50% in mid-2023, Bask consistently sat near the top of HYSA rankings. When the Fed began cutting rates in late 2024, Bask lowered its rate in tandem, but maintained a competitive premium above the national HYSA average, which currently sits near 0.50%. As long as the Fed holds rates steady at current levels, the 4.85% figure is likely to persist through mid-2026.
Fees and Limits
- Monthly fee$0
- Minimum opening deposit$0
- Minimum balance to earn APY$0.01
- Outgoing wire fee$0
- Excessive withdrawal feeNone listed
How to Open
Opening a Bask savings account takes about five minutes at baskbank.com. You will need your Social Security number, a government-issued ID, and a linked external bank account to fund the initial deposit. There is no hard credit pull during the application process.
- Visit baskbank.com and click Open Account
- Enter your personal information and SSN for identity verification
- Link your external checking account via routing and account number
- Fund via ACH transfer (arrives in 1-3 business days)
- No wire, check, or mobile deposit options available
App and Online Banking Experience
Bask has no dedicated mobile app on the App Store or Google Play as of April 2026. The web portal at baskbank.com is clean and functional on mobile browsers, but lacks the polish and convenience of native apps offered by Ally or SoFi. You can view your balance, initiate ACH transfers in and out, and update account details without trouble. For most rate-focused savers who check their balance once or twice a month, the web portal is entirely adequate. If you need a full-featured digital banking experience, look at Ally or SoFi instead.
FDIC Insurance and Safety
Bask Bank deposits are held by Texas Capital Bank, Member FDIC (FDIC certificate number 34345). Standard FDIC coverage applies: up to $250,000 per depositor, per ownership category. Joint accounts double that to $500,000. Texas Capital Bank had total assets of approximately $36 billion as of Q4 2025 and is publicly traded on Nasdaq under the ticker TCBI. There is no meaningful solvency risk for standard deposit amounts.
- Rate-chasers who want the highest APY and do not need an app
- Savers parking a secondary emergency fund or large cash balance
- American Airlines AAdvantage members interested in earning miles on savings
- You want a mobile app with native features
- You need checking, a debit card, or ATM access in the same institution
- You want to consolidate all banking in one place