CD Review Bank: Bask Bank FDIC: Insured Last updated: 2026-06-27

Bask Bank CD Review (2026) — Texas Capital's Direct-Deposit Brand

Quick take: Bask Bank is the online deposit arm of Texas Capital Bank (NASDAQ: TCBI), best known consumer-side for its 'Mileage Savings' product that pays AAdvantage miles instead of cash interest. The CDs are bog-standard cash-paying products with competitive rates — 4.85% APY on the 1-year is solidly above the median.

At-a-glance · Bask Bank

APY Range

4.30% - 4.85%

FDIC Cert

#3284 (Texas Capital Bank)

Bank Size

~$30B assets

Min Deposit

$1,000

Early-Withdrawal Penalty

90 days interest (under 1yr); 180 days (1-2yr); 365 days (longer)

Current rates (Bask Bank, as of June 2026)

Term	APY	Minimum
3-month CD	4.45% APY	$1,000
6-month CD	4.65% APY	$1,000
9-month CD	4.75% APY	$1,000
1-year CD	4.85% APY	$1,000
2-year CD	4.50% APY	$1,000

Rates verified against Bask Bank's public rate sheet on the publication date and change frequently. Confirm current APYs directly with the bank before opening an account.

Who Bask Bank is

Bask Bank is the consumer online brand of Texas Capital Bank (NASDAQ: TCBI), a commercial bank headquartered in Dallas with roughly $30 billion in assets. Texas Capital is one of the larger publicly traded regional banks and serves middle-market businesses across Texas. The Bask brand launched in 2020 to gather national consumer deposits at lower cost than wholesale funding.

The bank is widely known for its 'Mileage Savings' product, which pays American Airlines AAdvantage miles per dollar saved instead of cash interest — an attractive feature for heavy AA flyers. The CD products are separate and pay normal cash interest.

How Bask's rates have moved

Bask's promotional CDs have consistently been among the more aggressive in the online-bank set on shorter terms (3-12 months). The 1-year CD at 4.85% is materially above Marcus (4.40%), Discover (4.30%), and Bread (4.40%), and competitive with BrioDirect (4.85%) and BMO Alto (4.75%).

One notable gap: Bask does not offer CDs longer than 2 years. If you want a 3-year or 5-year CD, you'll need to look elsewhere. This reflects the bank's commercial funding mix — they want to extend shorter wholesale-equivalent deposits, not lock in long-duration retail money.

What we like about Bask Bank CDs

1-year APY (~4.85%) is consistently in the top quartile of online banks
Backed by Texas Capital Bank, a publicly traded regional with $30B+ assets
Same online portal supports Mileage Savings if you want to switch to miles later
Sub-1-year terms (3mo, 6mo, 9mo) are unusually competitive — useful for short-term parking
Standard, transparent CD terms — no gimmicks

What we don't

No CDs longer than 2 years — not a tool for full ladder construction
$1,000 minimum is higher than Quontic or Marcus
Customer service is decent but not as polished as Marcus or Capital One 360
App is functional but visibly thinner than top-tier online banks

How Bask Bank CDs compare vs peers

If this rate is on your shortlist, you should also be pricing:

Competitor	Term	APY
BrioDirect	1-year CD	~4.85% APY
BMO Alto	1-year CD	~4.75% APY
Marcus by Goldman Sachs	1-year CD	~4.40% APY
MySavingsDirect	1-year CD	~4.65% APY
Top A-rated MYGA carrier	3-year MYGA	~5.40% guaranteed

Internal benchmarks: Best 5-Year CD Rates 2026 · Best 1-Year CD Rates 2026 · Online vs Brick-and-Mortar CDs.

When a MYGA beats this Bask Bank CD

Because Bask tops out at 2 years, the MYGA comparison is most relevant if you're trying to extend duration. Compare $250,000 for 3 years:

Bask 2-yr CD at 4.50% then renew at unknown rate: $250,000 grows to ~$273,003 after 2 years, then re-prices at whatever the rate environment offers in 2028 (could be much lower)
A-rated 3-yr MYGA at 5.40%: $250,000 grows to $292,824 over 3 years, locked in
Pre-tax delta after 3 yrs (assuming 4.00% renewal on Bask): ~$8,400 in favor of the MYGA, plus tax deferral

If you specifically want a 3-5 year lock, Bask isn't the right product — either go to a 5-year CD elsewhere or a MYGA. For 1-year money where you genuinely want the option to reinvest, Bask's 4.85% is competitive and worth opening.

Bask Bank CD FAQ

Is Bask Bank FDIC insured?

Yes. Bask is a division of Texas Capital Bank (FDIC cert #3284). Deposits are insured up to $250,000 per depositor, per ownership category.

Can I earn AAdvantage miles on a Bask CD?

No. The Mileage Savings product pays miles, but Bask CDs pay cash interest only. They are separate product lines.

What's the longest Bask CD term?

2 years. Bask does not offer 3-year, 4-year, or 5-year CDs as of June 2026.

How is Texas Capital Bank doing financially?

Texas Capital Bank (NASDAQ: TCBI) is publicly traded, regulated by the OCC, and files quarterly 10-Qs with the SEC. As of mid-2026 it remains well-capitalized per regulatory ratios.

What's the early-withdrawal penalty?

90 days of simple interest for terms under 12 months, 180 days for 1-2 year terms, and 365 days if you stretch to a longer non-CD product. Standard mid-pack severity.

Can I open a Bask CD inside an IRA?

No. Bask does not currently offer IRA CDs — just taxable accounts. For IRA CDs, look at Discover, Synchrony, or Live Oak Bank.

Does Bask charge any monthly fees?

No monthly maintenance fees on CDs or savings accounts. Standard wire fees apply if you send wires.

Want to see if a MYGA beats this CD for your situation?

Free side-by-side: this CD vs. top MYGA rates for your state and amount.

CDs are safe and simple. MYGAs are insurance-company versions of CDs, often paying 50-150 bps more for the same lockup. The math depends on your tax bracket and state guaranty fund coverage.

Drop your info — within 24 hours you'll get a written side-by-side, no obligation, no high-pressure pitch.

Hans Goldstein · 213-414-2808 · NPN 20602398, independent licensed insurance producer appointed with multiple A-rated carriers

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Bottom line

Bask Bank is a solid 1-year CD play at 4.85% APY backed by a real $30B publicly traded regional bank. The deal-breaker for laddering buyers is the lack of 3-5 year terms — if you want full curve coverage you'll need another bank or a MYGA for the long end. As a short-duration parking spot, Bask is one of the better options in 2026.

About Hans Goldstein: Independent retirement income specialist. CA Life License #4163961. NPN #20602398. Reviews 30+ carriers and tracks bank CD rates weekly. Phone: 213-414-2808. Email: hans@goldsteinco.net.

Disclosure

This review reflects publicly available bank rate sheets and approximate APYs as of the date stated above. CD rates change frequently — sometimes weekly — and the rates above may be stale by the time you read this. Always confirm current rates and terms against the bank's current rate sheet and disclosure documents before opening an account. FDIC insurance covers $250,000 per depositor, per insured bank, per ownership category; deposits above that amount at a single bank are not insured. This article is general information for educational purposes; it is not personalized financial advice, a solicitation, or an offer of any specific product. Hans Goldstein is an independent licensed insurance producer (NPN 20602398) and is not a bank, deposit broker, or registered investment adviser. CDs are bank deposit products and are not sold by insurance producers; references to CDs are for comparison context only. MYGAs (multi-year guaranteed annuities) are insurance contracts, subject to surrender charges and state guaranty fund coverage rather than FDIC. Early withdrawal of a CD before the maturity date typically results in a penalty that may exceed interest earned. Always read the actual deposit account agreement and consult a licensed advisor before making material financial decisions.