As interest rates go up, Bask Bank has been very competitive with their Bask Interest Savings account. Their rates have consistently been among the highest at any bank, online or otherwise. The current rate is noted above.
They don’t update the Bask Mileage Savings “interest rate” as often, I would assume because round numbers are much simpler for calculating mileage earnings!
But I’m happy to see that Bask has raised the rate on their Bask Mileage Savings once again to 2 miles per dollar. That means that $100,000 on deposit for a year would earn you 200,000 miles (which, remember would only be taxed at a value of 0.42 cents per mile, so the calculation vs. straight cash changes since cash interest is fully taxable).
Once again, this makes it harder to choose which to earn!
(This post is not sponsored by Bask Bank although I do both love their product and have a business relationship with them.)
Thoughts?
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You can find credit cards that best match your spending habits and bonus categories at Your Best Credit Cards.
New to all of this? My “introduction to miles and points” book, MilesTalk: Live Your Wildest Travel Dreams Using Miles and Points is available on Amazon and at major booksellers.
Dave, to clarify, are these counting as Loyalty Points now? Thanks!
No, at this time only the signup bonus offer comes with Loyalty Points. As of now, deposits only earn redeemable miles and not Loyalty Points.