Bask Interest Savings Account
Bask Bank pays a 3.75% APY with no minimum deposit to open, held at Texas Capital Bank (funds insured by the FDIC), which we confirmed is an active FDIC member. The rate and terms come from NerdWallet, our verified data partner with direct provider relationships — a strong, FDIC-backed option for a high-yield savings home.
Is the Bask Interest Savings Account worth it?
The Bask Interest Savings Account earns a 3.75% APY with no minimum deposit to open. We source this rate from NerdWallet, our verified data partner, which maintains direct relationships with providers. This rate carries our ◆ Partner data label — we did not fetch it from the bank ourselves.
The account is held at Texas Capital Bank. We [confirmed with the FDIC](https://api.fdic.gov/banks/institutions?filters=CERT:Texas Capital Bank) that it is an active insured institution — certificate #34383 in Dallas, Texas. Deposits are covered up to $250,000 per depositor, per ownership category.
The honest caveat: the APY is partner-supplied and variable, and it can change without notice. Confirm the current rate on the provider’s own site before opening. This is not financial advice.
How does a high-yield savings account work?
A high-yield savings account holds cash and pays interest, quoted as an annual percentage yield (APY). The bank can change a variable APY at any time, and federal rules may limit certain withdrawals. Interest compounds — usually daily or monthly — and is taxable income in the year you earn it.
How much could you earn with the Bask Interest Savings Account?
At a 3.75% APY, a $10,000 balance in the Bask Interest Savings Account earns about $375 in interest over a year, before taxes. Double the balance and you roughly double the interest; your real return depends on how long the rate holds.
Illustrative estimate based on the figures on this page, not an offer. Your results will differ.
What are the pros and cons of the Bask Interest Savings Account?
The Bask Interest Savings Account stands out for 3.75% APY, sourced from our verified data partner, though rate is partner-supplied — we did not fetch it from the provider ourselves.
- 3.75% APY, sourced from our verified data partner
- No monthly maintenance fee and no minimum deposit to open
- Held at Texas Capital Bank, an FDIC member we confirmed with the regulator
- Rate is partner-supplied — we did not fetch it from the provider ourselves
- APY is variable and can change without notice
- Online-focused account with limited or no branch access
Who should get the Bask Interest Savings Account?
The Bask Interest Savings Account is best for savers chasing a top-of-market APY.
- Savers chasing a top-of-market APY
- People comfortable with an online-first bank
- Anyone who wants FDIC-insured savings with low or no minimums
Money guides for: First-time savers
How does the Bask Interest Savings Account compare?
Among the 29 high-yield savings accounts we track, the Bask Interest Savings Account ranks #11 with a money8020 score of 85/100.
| Product | Score | Tier | Provider |
|---|---|---|---|
| Marcus by Goldman Sachs Online Savings | 96 | Essential | Marcus by Goldman Sachs |
| Bread Savings High-Yield Savings | 94 | Essential | Bread Savings |
| Pibank Savings | 94 | Essential | Pibank |
| Poppy Bank High Yield Savings | 94 | Essential | Poppy Bank |
| Vio Bank High Yield Online Savings | 94 | Essential | Vio Bank (a division of MidFirst Bank) |
See all high-yield savings accounts, ranked →
Common mistakes to avoid with a high-yield savings account
- Chasing a teaser rate without checking the ongoing APY or any balance tier needed to earn it.
- Leaving an emergency fund in a 0.01% big-bank account instead of a high-yield account.
- Assuming the APY is fixed — it is variable and can drop after you open.
- Overlooking transfer times: moving money to a linked bank can take one to three business days.
Key takeaways
- Bask Interest Savings Account earns a money8020 score of 85/100, ranking #11 of 29 high-yield savings accounts.
- 3.75% APY, sourced from our verified data partner
- At a 3.75% APY, a $10,000 balance in the Bask Interest Savings Account earns about $375 in interest over a year, before taxes.
- Best for savers chasing a top-of-market APY.
- Rate and terms sourced from our verified data partner, NerdWallet.
Frequently asked questions about the Bask Interest Savings Account
What is the APY on the Bask Interest Savings Account?
Per NerdWallet, our data partner, the account pays a 3.75% APY with no minimum deposit to open. NerdWallet maintains direct relationships with providers, but the rate is variable and can change at any time without notice — confirm the current APY on Bask Bank's own site before opening. This is not financial advice.
Is the Bask Interest Savings Account FDIC insured?
Yes. Funds are held at Texas Capital Bank (funds insured by the FDIC), which we confirmed with the FDIC is an active insured institution (certificate #34383, Dallas, Texas). Deposits are insured up to $250,000 per depositor, per ownership category.
Can the rate on the Bask Interest Savings Account change?
Yes. A high-yield savings APY is variable, so the bank can raise or lower it at any time, often following moves in the federal funds rate. Check the rate before you open and review it periodically.
How is interest from the Bask Interest Savings Account taxed?
Savings interest is taxable as ordinary income in the year you earn it. If you earn more than $10, the bank sends a Form 1099-INT, and you report it on your federal return.
Sources
We sourced these figures from our verified data partner and independently confirmed the provider’s regulator status, last checked May 30, 2026. Primary sources: