Bask Bank

Putting your hard earned money into a savings account that’s only earning less than .1% per year is almost a joke! Yes, savings accounts earn less than point 1%! CDs are not much better. That’s why we look for different alternatives for growing our nest egg. 

 One super great replacement we found was a Bask Savings Account which offers a truly innovative plan. Bask Bank is a division of Texas Capital Bank, an established FDIC-insured bank headquartered in Dallas, Texas. Instead of paying you a low  interest rate they give you American Airlines AAdvantage® miles for every dollar you have in your account. What could be better for world travellers? 

 You get a bonus 1,000 miles by just opening an account before June 30, 2021 and maintaining a minimum balance of $5K for 90 days within 120 days of account opening.  The Bask Savings Account awards one AAdvantage® mile for each dollar saved annually. Miles are accrued daily and awarded monthly based on your average monthly balance. So in 1 year you could earn 101,000 miles on a $100K account which could easily be 2 round trip tickets anywhere in the world. This would be far more valuable than the laughable interest you’d earn on a traditional savings account.  Click for more info  → Bask Bank

If you don’t want to earn miles and just need a higher interest rate, then check out our suggestion for Worthy Bonds which earns a guaranteed 5%. Or check out FABT which has a checking account earning 2.03%.