bask bank
Update: May 1, 2023: Rate is now 4.75% APY on the Bask Interest Savings Account and 2.5 miles per dollar in the Bask Mileage Savings Account.

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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