Bask Bank
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Overview
Bask Bank has been around since 2020 and is a division of Texas Capital Bank.
Best available rates across different account types for Saturday, September 7, 2024
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Deciding where to stick your savings can be tricky. Savings accounts and money market accounts are highly liquid but don’t usually offer the best rate of return. Long-term CDs offer better rates, but your funds are locked in for years unless you’re willing to pay a big penalty to withdraw your money early.
An 18-month CD offers the best of both worlds: a higher yield than a standard savings account and a relatively brief term. An 18-month CD might be a suitable term for saving for a down payment on a house or a new car.
Note: Annual percentage yields (APYs) shown were updated between Aug. 31, 2024 and Sept. 6, 2024. Bankrate's editorial team validates this information regularly, typically biweekly. APYs may have changed since they were last updated and may vary by region for some products. Bankrate includes only FDIC banks or NCUA credit unions in its listings.
The following accounts can be found at most banks and credit unions. They’re federally insured for up to $250,000 and offer a safe place to put your money while earning interest.
CDs are best for individuals looking for a guaranteed rate of return that’s typically higher than a savings account. In exchange for a higher rate, funds are tied up for a set period of time and early withdrawal penalties may apply.
Checking accounts are best for individuals who want to keep their money safe while still having easy, day-to-day access to their funds. ATM and other transactional fees may apply.
Savings and MMAs are good options for individuals looking to save for shorter-term goals. They’re a safe way to separate your savings from everyday cash, but may require larger minimum balances and have transfer limitations.