Bask Bank (Texas Capital Bank)
Bask Bank (Texas Capital Bank) Interest Savings
By Alex Compton · Last verified
Pick your payout: a strong cash APY, or American Airlines miles on every dollar saved
Insurance: FDIC insured up to $250,000 through Texas Capital Bank (coverage combined across Bask and Texas Capital deposits)
Account Terms History
A dated record of APY, fees and opening requirements. New changes append to this table; prior terms remain visible.
| Observed | APY | Monthly fee | Minimum | Evidence |
|---|---|---|---|---|
| 2026-08-17 | 3.75% (as of August 2026); up to 4.10% with rate-boost qualifying activities | $0 | None ($0.01 within 15 days to keep the account open) | Archive record · no attached snapshotLegacy snapshot; event-level evidence was not attached at the time |
Primary-source verification log
Append-only evidence ledgerEvent-level primary-source attachments begin with the September 2026 verification system. Older records remain visible but are not retroactively presented as evidenced.
Plan Options
Interest Savings
$0
3.75%, up to 4.10% with boost activities
- ▸Straight cash APY, compounded daily
- ▸Periodic 0.25%-class rate-boost promos for qualifying deposits
- ▸No fees or minimum balance
Mileage Savings (sibling account)
$0
Pays AAdvantage miles instead of interest: 1.75 miles per $1 saved annually
- ▸Earns American Airlines AAdvantage miles in lieu of cash interest
- ▸Periodic bonuses, e.g. 20,000 miles for $50k held 180+ days
- ▸Miles are taxable as interest income (1099-INT at Bask's valuation)
Features
- ▸Two-account lineup: Interest Savings for cash, Mileage Savings for AAdvantage miles
- ▸1.75 AAdvantage miles per dollar per year is solid if you value miles above ~2 cents
- ▸No monthly fees or minimum balances on either account
- ▸Rate-boost promotions regularly push the cash APY above 4%
- ▸Online-only division of Texas Capital Bank, a major Texas institution
- ▸Interest compounds daily on the cash account
Pros
- +Cash rate competes near the top of the market even before boosts
- +Mileage Savings is the only meaningful miles-for-deposits product in the US
- +Simple, fee-free structure from a substantial chartered bank
Cons
- −Mileage Savings value depends entirely on your AAdvantage redemption skill
- −Miles earned are taxed as interest whether or not you redeem them well
- −Thin feature set: no checking, no cards, no buckets
Our Take
Bask's cash account is quietly excellent, but the franchise is Mileage Savings: 1.75 AAdvantage miles per dollar per year (cut from 2.5 in stages through late 2025) is still an effective yield above 3% for anyone who redeems AA miles at premium-cabin values, paid in a currency the IRS values cheaply on the 1099. Hold the emergency fund in Interest Savings and add a mileage slice only if you are already an AAdvantage power user.
Best for: Savers who want a top cash rate — or AAdvantage mile accumulation on idle cash
Open at Bask Bank (Texas Capital Bank) →Last verified 2026-08-17
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