Bask Bank Review: Checking, Savings and CDs
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Many or all of the products on this page are from partners who compensate us when you click to or take an action on their website, but this does not influence our evaluations or ratings. Our opinions are our own.
Overview
Bask Bank is the online-only bank division of Texas Capital Bank based in Dallas, offering checking, savings and certificates of deposit. Though the bank offers certificates of deposit from three-month to two-year terms, not all are the most common terms, so we did not include some of them as part of the overall bank rating.
No monthly fees.
Competitive rates.
Large, free, nationwide ATM network.
No minimum opening deposits on checking or savings accounts.
Extended phone customer service hours.
No cash deposit.
No branch access.
Product reviews
Savings
Bask Bank’s Interest Savings Account offers a highly competitive rate with no monthly fee. There’s no minimum balance requirement or minimum deposit required to open the account, and you can earn interest on any balance.
Checking
This checking account earns a competitive interest rate and has no monthly fees. There is no minimum balance required to open the account, and customers have access to more than 55,000 surcharge-free Allpoint ATMs.
Bask Bank Interest Checking
Certificates of deposit
Bask Bank offers a few CD terms, ranging from three months to two years. But if you are looking for a 3-year or 5-year CD timeframe, you will have to look somewhere else. Other banks offer a greater variety of term lengths, which can be beneficial for CD laddering.
The minimum deposit to open an account is $1,000.
Bask Bank's shorter term CD rates are highly competitive: A six-month CD earns 3.90% annual percentage yield, or APY, and a one-year CD earns 4.05% APY. Those rates are many times higher than the national average rates of 1.35% and 1.55% for those terms. Because there are relatively few CDs offered and not all are the most common terms, we did not include some of them as part of the overall bank rating.
Full List of CD Rates
| Term | APY | Min Deposit |
|---|---|---|
| 3 months | 3.85% | $1,000 |
| 6 months | 3.90% | $1,000 |
| 9 months | 4.00% | $1,000 |
| 1 year | 4.05% | $1,000 |
Customer experience & overdraft fees
Customer experience
Bask Bank doesn’t offer access to branches, but its savings and CD rates are highly competitive. Funding and transfers can be made through the bank website or its mobile apps. The only other option is to wire funds. Bask doesn't charge for incoming wires, but the sending institution might charge you a fee. Bask does charge for outgoing wires. The mobile apps earn solid scores from iOS and Android users.
Customer support is available by phone from 7 a.m. to 7 p.m. CT on weekdays and from 9 a.m. to 4 p.m. CT on Saturday. Support is also available by email.
Overdraft fees
Bask Bank does not charge overdraft fees. A transaction that would overdraw an account would be declined. While this can help customers reduce bank fees, it’s worth noting that other banks offer overdraft protection, where customers can use a backup account — such as a savings account — to automatically cover overdrafts without rejecting the transaction.
Rating methodology
How we rate banks and credit unions
Banking writers and editors use an objective methodology to rate banks, credit unions, and other providers, and to recommend the best products.
100+
Financial institutions reviewed
100+
Financial institutions reviewed
We took a close look at around 100 financial institutions and financial service providers, including the largest U.S. banks based on assets, internet search traffic and other factors; the nation’s largest credit unions, based on assets and membership; and other notable players in the industry. We rated them on criteria including annual percentage yields, minimum balances, fees, digital experience and more.
30+
Categories assessed
30+
Categories assessed
Each provider is evaluated across five weighted categories and 30 subcategories, including checking and savings accounts, certificates of deposit, customer experience, and overdraft services. For banks or credit unions without one or more types of accounts, the overall rating is modified to include only applicable categories. Institutions are not penalized if they don't offer every type of account.
60+
Data points analyzed
60+
Data points analyzed
We considered more than 60 data points for each provider. Depending on the category, these included account fees and rates (such as annual percentage yields), ATM and branch access, account features, account bonuses, customer service access and user-facing technology, such as innovative tools and mobile apps. We gathered this information for each financial institution from its website, a media representative or both.
Star rating categories
The review team is made up of seasoned writers and editors who cover personal banking deposit accounts, such as checking, savings and certificates of deposit, as well as related banking services, such as overdraft programs and ATM networks. For providers without one or more types of accounts, the overall rating is modified to include only applicable categories. Institutions are not penalized if they don't offer every type of account.
Financial institutions and providers surveyed are: Affirm, All America Bank, Alliant Credit Union, Ally Bank, Alto, Amalgamated Bank, American Express National Bank, Andrews Federal Credit Union, Associated Bank, Axos Bank, Bank of America, Bank5 Connect, Barclays, Bask Bank, BMO, Boeing Employees Credit Union, Bread Savings®, BrioDirect, Capital One, Cash App, CFG Bank, Charles Schwab Bank, Chase, Chime, CIBC U.S., CIT Bank, Citibank, Citizens Access, Citizens Bank, Climate First Bank, ConnectOne Bank, Connexus Credit Union, Consumers Credit Union, Current, Customers Bank, Discover® Bank, E*TRADE, EverBank, Fifth Third Bank, First Foundation, First Internet Bank, First Tech Federal Credit Union, FNBO Direct, Forbright Bank, FourLeaf Federal Credit Union, GO2bank, Golden 1 Credit Union, Hope Credit Union, HSBC Bank, Huntington Bank, Ivy Bank, KeyBank, Lake Michigan Credit Union, LendingClub Bank, Live Oak Bank, M&T Bank, Marcus by Goldman Sachs, My Banking Direct, NASA Federal Credit Union, Navy Federal Credit Union, NBKC, Newtek Bank, OMB Bank, OnePay, Openbank, PayPal, Peak Bank, Pentagon Federal Credit Union, PNC, Poppy Bank, Popular Direct, Quontic Bank, Regions Bank, Revolut, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, Securityplus Federal Credit Union, Self-Help Credit Union, Service Credit Union, SoFi, State Employees’ Credit Union of North Carolina, Synchrony Bank, TAB Bank, TD Bank, Truist Bank, U.S. Bank, UFB Direct, Upgrade, USAA Bank, Valley Bank, Varo, Venmo, Vio Bank, Wells Fargo, Western Alliance Bank, Zolve and Zynlo Bank.
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