US
Bask Bank Mileage Savings account review: Earn American Airlines miles
Read this Bask Bank Mileage Savings account review and find out how you can earn high-yield with no minimum deposit requirements.
Advertisement
Understanding Bask Bank Mileage Savings account: No minimum deposit requirements
Want to earn airline miles while saving money? Then look no further! This unique account offers a combination of banking and mileage earnings. Here is our Bask Bank Mileage Savings account review.
How to open your Bask Bank Mileage Savings account
In this Bask Bank Mileage Savings account application guide we will show you how you can easily open this account and start saving.
- Fees: N/A
- APY: N/A
- Benefits: Combines banking and airline mileage needs into a single, easy-to-manage account.
- Investment Options: N/A
Are you looking to maximize your savings while earning travel rewards? The Bask Bank Mileage Savings account account allows you to earn miles for every dollar saved, with no fees or minimums.
Bask Bank Mileage Savings account: understand how it works
The Bask Bank Mileage Savings Account offers a unique opportunity to combine banking and airline mileage needs into one account. For every dollar you save annually, you will earn two American Airline AAdvantage® miles.
This account does not earn interest like traditional savings accounts. Instead, account holders earn miles based on their average monthly balance.
Customers can open an account with any amount of money, with no minimum deposit requirements, and no account fees.
Account management can be done through Bask Bank’s online and mobile banking platforms, with customer service available over the phone and by email.
Bask Bank is an online and mobile-based bank launched in January 2020, with no brick-and-mortar branches. It is a division of Texas Capital Bank, N.A., a 22-year-old financial institution based in Dallas, Texas, and is FDIC insured.
The account comes with no minimum opening deposit requirement and $0.01 balance minimum for earning rewards. It also has no account fees of any kind, ensuring that every dollar you deposit remains yours.
The account is accessible through Bask Bank’s online banking website and Apple and Android mobile banking apps.
For frequent travelers, Bask Bank’s Mileage Savings Account offers a low-risk and deposit-based approach for building up AAdvantage® miles.
A single mile is worth a minimum of one cent, making the account effectively a 1.00% annual yield. At the same time, a $25,000 deposit earns 25,000 miles, equivalent to at least $250 in travel benefits.
This is a great alternative to earning miles through flying or using specific credit cards or vendors. Bask currently does not offer joint-ownership accounts.
You will be redirected to another website
By submitting this form, I agree that I am 18+ years old and I agree to the Privacy Policy and Terms and Conditions. I also provide my signature giving express consent to receive marketing communications via automated emails, SMS or MMS text messages and other forms of communication regarding financial products such as credit card and loans. Message frequency varies and represents our good faith effort to reach you regarding your inquiry. Message and data rates may apply. Text HELP for help or text STOP to cancel. I understand that my consent to receive communications is not a condition of purchase and I may revoke my consent at any time.
Significant benefits and disadvantages you may find
Now that you are familiar with this account’s details, let’s have a look at its pros and cons. Our Bask Bank Mileage Savings account review would not be complete without it.
Benefits
- Earns American Airlines miles
- No account fees
- No minimum deposit
- High APY
Disadvantages
- Limited to American Airlines miles
- Interest not earned directly
- No joint-ownership accounts
- Only available online.
Is a good credit score required for applicants?
The Bask Bank Mileage Savings account has no specific credit score requirements for applicants. We recommend you check the account’s terms and conditions to make sure you match its client profile.
Learn how to apply and open a Bask Bank Mileage Savings account
If you like what you have seen in this Bask Bank Mileage Savings account review, you might want to take the next step and apply for this account.
Therefore, if that is the case, then hit the link below and we are going to show you how to do it.
How to open your Bask Bank Mileage Savings account
In this Bask Bank Mileage Savings account application guide we will show you how you can easily open this account and start saving.
About the author / Danilo Pereira
Trending Topics
LightStream Loans application
This post will tell you all about the LightStream Loans application process so you can enjoy the outstanding benefits with no fees.
Keep ReadingFNB Premier Credit Card review: Maximize your rewards with this card
In this FNB Premier Credit Card review you will see how this credit card allows you to maximize rewards, plus convenient perks.
Keep ReadingOpenSky® Plus Secured Visa® Credit Card online application: Improve your credit easily
Follow our OpenSky® Plus Secured Visa® Credit Card application guide to get this card and start improving your credit.
Keep ReadingYou may also like
LendingClub Personal Loan review
Get an in-depth look at the features and benefits of taking out a LendingClub Personal Loan. We go over rates, repayment terms, and more!
Keep ReadingUpgrade Visa with Cash Rewards credit card review
To know the Upgrade Visa with Cash Rewards credit card benefits, read this review to see how much cash back you can get with this card.
Keep Reading5 Investment Accounts Everyone Should Have
There are a number of ways you can start investing with minimum risk. Read on and find out about different types of investment accounts.
Keep Reading