Bask Bank has definitely been keeping up with the rate changes on their Interest Savings Account. They have one of the best yields around.
Just as I started working on a new comparison between cash parked in their Interest Savings Account vs. their Mileage Savings Account, they go and raise the mileage interest rate *again*.
In August they’d raised it to 1.2 miles per dollar.
Now they will give you 1.5 miles per dollar for every dollar on deposit yearly. $10,000 invested in the Mileage Savings Account for a year would now earn 15,000 miles.
This is great news as I’d hoped they would keep increasing rates on both sides as the Fed Funds rate rises.
Thoughts?
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