Bask Bank: 20,000 AAdvantage® Miles Bonus and 5.10% APY

Everything you need to know about Bask Bank promotions; how to qualify, when the offers expire, how current promotions compare to previous bonuses, and more!

Bask Bank is an online bank that offers two compelling savings accounts – the Bask Mileage Savings Account and the Bask Interest Savings Account*. Customers can earn AAdvantage miles in the Mileage Savings Account or a remarkably high annual percentage yield in the Interest Savings Account.

For more current bank offers, see our bank bonuses page. The most popular offers are from Chase BankSoFi, U.S. Bank, and Axos Bank.

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Current Bask Bank Promotions

Bask Bank is offering a new customer bonus of 1,000 AAdvantage® miles to open a Bask Mileage Savings Account and make qualified deposits while the Bask Interest Savings Account offers one of the highest rates for a savings account.

Learn more about the latest Bask Bank offers and bonuses currently available for you right now.

Offer #1: Bask Interest Savings Account – 5.10% APY

Earn a 5.10% APY with the Bask Interest Savings Account – one of the best savings rate currently available.

In fact, the APY is so good that it ranks at the top of our list of the best high yield savings accounts. With no minimum balance and no monthly maintenance fees, the Bask Interest Savings Account is a great place to put your savings. You can access your account at anytime through Bask Bank’s website or using their app available on iOS and Android devices.

Offer #2: Bask Mileage Savings Account – 20,000 AAdvantage® Miles Bonus Offer

Earn 2.5 American Airlines AAdvantage® miles for every $1 saved with the Bask Mileage Savings Account. It’s the only savings account that earns American Airlines AAdvantage miles.

And for a limited time, Bask Bank is offering up to 20,000 AAdvantage® miles when you open a Bask Mileage Savings Account and fund your account before the end of the promotional period. This offer is available to both new and existing customers. The more you deposit, the more bonus miles you’ll earn:

New DepositsBonus Miles
$10,0004,000 AA Miles
$25,00010,000 AA Miles
$50,00020,000 AA Miles

How To Get Bonus Miles

  1. Log into your existing account or open a Bask Mileage Savings Account using this link.
  2. Fund your account with at least $10,000 before the end of the offer period.
  3. Maintain a $10,000 minimum daily account balance for 180 consecutive days.
  4. Provide Bask Bank with an AAdvantage® account number in the same name as the subject Bask Mileage Savings Account.
  5. Receive up to 20,000 AAdvantage miles reflected on your Mileage Savings Account within 10 business days once all conditions of the offer is met (AAdvantage miles may take 6-8 weeks to post to the linked AAdvantage® account).

Offer period is June 1, 2023 to August 31, 2023. For information on the bonus terms and conditions, see here.

Previous Bask Bank Offers

Below are previous promotions that Bask Bank had offered, but are now expired and no longer available. This list is for reference purposes only.

Previous Offer #1: 5,000 AAdvantage® Loyalty Points Sign-up Bonus

Offer Period: September 15, 2022 – December 15, 2022

Bask Bank offered 5,000 AAdvantage® Loyalty Points for those who opened a Bask Mileage Savings Account and funded their account $25,000 or more within 15 days of account opening.

Previous Offer #2: Refer a Friend Bonus

Offer Period: July 1, 2020 – September 30, 2020

Bask Bank previously offered a referral bonus for customers that invited friends to open and fund a Bask Savings Account. Customers received 5,000 American Airlines AAdvantage® miles for each eligible referral and a customer could refer up to five friends for a maximum award of 25,000 AAdvantage® miles.

Previous Offer #3: Balance Bonus (Tier)

Offer Period: On or before June 30, 2020

Bask Bank offered promotional bonus American Airlines AAdvantage® miles for customers that funded their Bask Savings Account within 60 days of account opening and maintained a minimum account balance of $25,000, $50,000, or $100,000 for 360 days:

Account BalanceMaximum Bonus Miles
$25,000Up to 10,000 Miles
$50,000Up to 20,000 Miles
$100,000Up to 40,000 Miles


Can I open a Bask Mileage Savings Account and a Bask Interest Savings Account?

Yes. You can have one Bask Mileage Savings Account and up to five Bask Interest Savings Accounts. It’s easy to transfer funds between your accounts. So if you can’t decide between earning interest or miles, do both!

What if I don’t have an American Airlines AAvantage account?

The Bask Mileage Account will ask for your AAdvantage number in order to link your account. If you don’t have one yet, you need to sign up for a free American Airlines AAdvantage account here.

What can I do with my American Airlines AAdvantage miles?

The miles you earn will be added to your AAdvantage account and can be redeemed for award travel. While you can redeem miles for other items, award travel represents the best value.

For example, I redeemed 140,000 miles to fly my wife and I to Maldives in Qatar Airways business class (Qatar Airways is an airline partner of American Airlines and allows you to redeem AAdvantage miles with them). It was a tremendous value, as the tickets would have cost $8,500 if I had paid in cash.

Does Bask Bank have any monthly account fees?

Bask Bank has zero monthly account fees – see terms.

Who owns Bask Bank?

The bank is owned and operated by Texas Capital Bank, a financial institution founded in 1998 and headquartered in Texas.

Is Bask Bank FDIC insured?

Yes. Bask Bank accounts are provided by Texas Capital Bank, which is an FDIC member. The sum of your total deposits with Bask Bank and Texas Capital Bank are insured up to $250,000.

The Bottom Line

Both are compelling offers. As a mileage junkie, I’d probably lean towards the miles offer, but I can see how the high APY rate may be more appealing for others.

Let’s say you had $100,000 available for deposit and maintained the balance for a year at Bask Bank:

  • Bask Mileage Savings Account: You’d earn 250,000 AAdvantage miles if you maintain $100,000 in this account for a year (plus 20,000 bonus miles for new customers). I value AA miles at 1.5¢ per mile. In my opinion, 270,000 miles is worth a minimum of $4,015.
  • Bask Interest Savings Account: Your balance would be $105,000 at the end of 12 months which means you’d earn $5,000 in interest.

At face value, the interest earned is worth more than the value of the miles. But just like my aspirational trip to Maldives, there are flight award redemptions worth quite a bit more than $4,015.

Not everyone travels or even wants to figure out how to extract the maximum value with miles though. If that’s you, then you should go for the Interest Savings Account.

Essentially, both are great accounts and appeal to different users. Choose the account that is best for your situation (or you can open both and transfer money back and forth as you see fit).

I first heard about Bask Bank a couple of years ago through travel bloggers (The Points Guy, One Mile at a Time, View from the Wing). If you know anything about them, then you know they’re crazy about earning points and miles.

Well, back in early 2020, Bask Bask had a tiered sign-up offer that awarded bonus AA miles based on the initial deposit amount:

  • $25k Tier: Get 10,000 bonus AAdvantage miles when you deposit $25,000 and maintain that balance for 360 days.
  • $50k Tier: Get 20,000 bonus AAdvantage miles when you deposit $50,000 and maintain that balance for 360 days.
  • $100k Tier: Get 40,000 bonus AAdvantage miles when you deposit $100,000 and maintain that balance for 360 days.

That was on top of an existing offer that awarded 5,000 AA miles for depositing $1,000 and the interest rate of 1% that was being offered then.

Let’s say you opened an account at the time and deposited $100,000 within 60 days and maintained that balance for the full year. You’d earn:

  • 5,000 miles from the fixed signup bonus offer
  • 40,000 miles from the tiered signup bonus offer
  • 100,000 miles from the standard earn interest rate

In total, you’d receive a whopping 145,000 AA miles. That’s enough, for example, to redeem for two roundtrip tickets to Maldives (like I did) in business class with 5,000 miles left to spare. Those tickets generally sell for at least $4,000 each.

I’ll add this to our list of the top bank bonuses.

Bask Bank is a division of Texas Capital Bank, Member FDIC.

About John Pham

John Pham is a personal finance expert, serial entrepreneur, and founder of The Money Ninja. He has also been fortunate enough to have appeared in the New York Times, Boston Globe, and U.S. News & World Report. John has a B.S. in Entrepreneurship and a Masters in Business Administration, both from the University of New Hampshire.

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10 months ago

Thanks for the great info on these Bask Bank promotions.
Do I assume correctly that the miles earned and flights redeemed would not be taxed unlike interest ?
Another pert, in my mind, for that account.