Bask Bank Promo Code Offers and Savings Account Options Explained

Bask Bank offers a variety of promo codes for new customers, including a $200 bonus for opening a Savings Account.

To qualify for the bonus, you'll need to open a Savings Account with a minimum deposit of $10,000 within 30 days of opening.

With Bask Bank, you can earn a high-yield interest rate on your Savings Account, currently 4.65% APY.

Bask Bank's Savings Account also comes with no monthly maintenance fees and no minimum balance requirements.

Bask Bank is offering a new customer bonus of 10,000 AAdvantage miles to open a Bask Mileage Savings Account and make qualified deposits.

To earn this bonus, you'll need to deposit $50,000 into your new account within 15 business days of opening it and maintain a minimum daily balance of $50,000 for 180 consecutive days out of the first 210 days after account opening.

Bask Bank has previously offered 5,000 Loyalty Points as a sign-up bonus on the Bask Mileage Savings Account for those looking to earn AAdvantage status.

The Bask Interest Savings Account offers one of the highest rates for a savings account, making it a great option for those looking to save their money.

You can earn 10,000 bonus AAdvantage miles by opening and funding a Bask Mileage Savings Account by February 28, 2025.

To get a bonus with Bask Bank, you'll need to meet specific requirements. The offer period for earning bonus miles varies, but currently, you can earn 10,000 AAdvantage miles when you open a Bask Mileage Savings Account and fund it with at least $50,000 within 15 business days of opening your account.

The account must also maintain a minimum daily balance of $50,000 for 180 consecutive days out of the first 210 days after account opening. You'll receive the bonus miles within 10 business days once all conditions are met.

To earn the referral bonus, you can invite friends to open and fund a Bask Savings Account. Each eligible referral will earn you 5,000 American Airlines AAdvantage miles, with a maximum award of 25,000 miles for up to five referrals.

Here's a summary of the steps to get a bonus with Bask Bank:

Bask Bank also offers a $200 bonus when you open a new checking account, but this offer is separate from the bonus miles offer.

Bask Bank offers a range of promotions and rewards to new and existing customers.

If you're looking to open a new checking account, Bask Bank is currently offering a $200 bonus. This bonus is broken down into a specific amount, although the exact details aren't specified in the article.

To earn a bonus of 10,000 AAdvantage miles, you'll need to open and fund a Bask Mileage Savings Account by February 28, 2025, and deposit $50,000 within 15 business days.

You can earn miles or cash rewards with Bask Bank, depending on the type of account you choose. A Bask Mileage Savings Account earns miles for every $1 you save annually, while a Bask Interest Savings Account earns cash interest on your savings.

Here are the types of accounts that offer rewards:

It's worth noting that the rewards for the savings accounts can change over time based on interest rates.

Bask Bank offers two types of savings accounts: the Bask Mileage Savings Account and the Bask Interest Savings Account. The Bask Mileage Savings Account earns 2 AAdvantage miles per dollar saved annually, while the Bask Interest Savings Account earns a competitive 4.65% APY.

The Bask Mileage Savings Account is a great option for travelers who want to earn AAdvantage miles on their savings. New account holders can even earn 10,000 bonus AAdvantage miles when opening and funding a Bask Mileage Savings Account by February 28, 2025. To earn this mileage bonus, you'll need to deposit $50,000 into your new Bask Mileage Savings Account within 15 business days of opening your account.

Here's a comparison of the two savings accounts:

Keep in mind that the Bask Interest Savings Account has raised its interest rate 21 times since its launch in October 2021, making it a highly competitive option.

If you're looking to earn miles with your savings, Bask Bank offers a great option. You can earn 2.5 AAdvantage miles for every dollar deposited annually with their Mileage Savings Account.

This means if you put $10,000 in your account for a year, you'll earn 25,000 AAdvantage miles. Miles are rewarded monthly, so you can earn ~0.208 AAdvantage miles monthly.

Bask Bank's Mileage Savings Account offers a competitive earning rate, and you can use those miles for travel on partner airlines in first and business class. Personally, I value AAdvantage miles at 1.5 cents each, to give you a sense of how much those miles are worth.

The earning rate can change over time, but currently, it's 2.5 AAdvantage miles for every dollar deposited annually. This is a great opportunity to earn miles with your savings and redeem them for travel rewards.

Here's a comparison of the earning rates:

Note that AAdvantage miles earned through Bask Bank don't count as Loyalty Points toward AAdvantage status.

Bask Mileage Savings Account holders can earn miles monthly, not just annually.

You'll earn 2 AAdvantage miles per dollar saved, which adds up quickly.

At the current earning rate, you'll earn 10 AAdvantage miles per day if you save $1,460 in a Bask Mileage Savings Account.

Bask Bank deposits miles within five days of the end of the month.

This means you won't have to wait a full year to get your miles, making it easier to track your progress.

You'll receive 300 miles in your AAdvantage account a few days after the end of a 30-day month, based on the example provided.

You can earn cash interest with Bask Bank's Interest Savings Account, where you earn cash interest for your savings. This account offers a cash interest rate determined by the bank.

The current interest rate for the Interest Savings Account is 5.00% annual return. This is higher than the return you can get from earning AAdvantage miles.

Keep in mind that tax implications can affect your after-tax savings. If you're in the highest tax bracket of 37%, you'd look at an after-tax savings of 3.15% on an account earning cash interest.

If you value AAdvantage miles similarly to how the author does, and if you're in the highest tax bracket, the mileage savings account is currently the better value.

The Bask Bank offer is only available to new account holders, so if you already have an account, you won't be eligible for the bonus miles.

To earn the 10,000 AAdvantage bonus miles, you'll need to fund your new Bask Mileage Savings Account with at least $50,000.

You'll also need to maintain that balance for 180 consecutive days after opening your account.

The offer ends on February 28, 2025, so be sure to act quickly if you're interested in taking advantage of this deal.

By opening a new Bask Mileage Savings Account and meeting the requirements, you can earn 10,000 AAdvantage bonus miles.