Bask Bank has a new account-opening bonus again. You can now earn up to a $300 cash bonus, and Savings can also get an extra 0.40% APY Boost. Based on the current 3.90% base rate, that means up to 4.30% APY in total. The requirements are much higher than before: you need to open both a Bask Interest Checking and a Bask Interest Savings account, maintain at least a $10,000 average balance in Savings each month, complete $2,500 in Qualifying Automated Deposits into Checking, and keep at least $100 in Checking every day. Each qualifying statement cycle earns $50, up to 6 times, for a total of $300.

If you calculate it as depositing $10,000 and earning $300 over six months, the effective annualized return is 6%. Add the 4.3% from the deposit itself, and the effective annualized return is about 10%. I’ve added it to the ranking as well!

About Bask Bank

Bask Bank is a U.S. online bank and a direct division of Texas Capital Bank. This means that although it has no physical branches, it is backed by a well-capitalized, FDIC-insured brick-and-mortar bank, providing protection for your deposits. Bask Bank’s main feature is offering high-yield savings accounts. Its business model is very straightforward: by waiving many of the fees charged by traditional banks and keeping operating costs low, it returns profits to depositors in the form of higher interest rates.

Account Opening Bonus

Bask Bank is now offering an account-opening bonus of up to $300, and eligible Savings accounts can also receive an extra 0.40% APY Boost. Based on the current 3.90% base APY, the total can be up to 4.30% APY during the qualifying period.

You need to open new Bask Interest Checking and Bask Interest Savings accounts and meet the following requirements during the bonus period. The application deadline for this offer is December 31, 2026.

  • Maintain an average monthly balance of at least $10,000 in Bask Interest Savings
  • Complete at least $2,500 in Qualifying Automated Deposits into Bask Interest Checking each month
  • Maintain a daily balance of at least $100 in the Checking account

For each statement cycle in which you meet all requirements, you can receive a $50 cash bonus, for up to 6 consecutive statement cycles, meaning up to $300 total. At the same time, Savings can also receive an extra 0.40% APY Boost for up to the same 6 statement cycles. The Boost applies only to the first $250,000 of the average monthly balance.

The $2,500 in Qualifying Automated Deposits does not necessarily have to be payroll Direct Deposit. In addition to regular direct deposits from an employer, payroll provider, or government benefits, a recurring transfer set up from an external bank can also count, so it is fairly flexible to complete. However, checks, wires, Zelle, Venmo, PayPal and other P2P transfers, as well as transfers between internal Bask accounts, do not count.

Compared with the previous promotion that only required parking $1,500, this one requires putting aside $10,000 for up to 6 months, so the threshold is clearly much higher. Still, if you already have idle cash, the $300 bonus plus the current up to 4.30% APY makes the overall return pretty good.

Note that people who have done a Bask bonus before may not be eligible this time. If you or any joint account holder currently held, or closed, a Bask Interest Savings or Bask Interest Checking account within the 12 months before October 1, 2026, you are not eligible for this promotion.

Terms

This offer is available to new Bask Bank customers who remain in good standing during the bonus period, and it requires opening both Bask Interest Savings and Bask Interest Checking.

  • The account-opening period is from October 1, 2026 to December 31, 2026.
  • The bonus period lasts for up to 6 consecutive statement cycles after both eligible accounts are opened.
  • Maintain an average monthly balance of at least $10,000 in Bask Interest Savings each month.
  • Complete at least $2,500 in Qualifying Automated Deposits into Bask Interest Checking each month, and the deposits must post on or before the 25th of that month.
  • Eligible Automated Deposits include electronic ACH Direct Deposits from an employer, Payroll Provider, Benefits Provider, or government agency, as well as Recurring Transfers initiated from an external bank.
  • Checks, wires, P2P payments such as Zelle, Venmo, and PayPal, and transfers between Bask Bank internal accounts do not qualify.
  • The Checking account must maintain a daily balance of at least $100 throughout the entire qualifying statement cycle.
  • Each statement cycle that meets all requirements earns a $50 cash bonus, deposited into Bask Interest Checking, up to 6 times, for a maximum total of $300.
  • For each statement cycle that meets all requirements, Bask Interest Savings can receive an additional 0.40% APY Boost on top of the then-current base APY, for up to 6 consecutive statement cycles.
  • The APY Boost applies only to the portion of the Savings average monthly balance up to $250,000. Balances above $250,000 earn interest at the then-current base APY.
  • The base APY is variable and may change at any time. The current Savings base rate is 3.90% APY, and with the 0.40% Boost it is 4.30% APY.
  • If you or any joint account holder currently holds, or closed, a Bask Interest Savings or Bask Interest Checking account within the 12 months before October 1, 2026, you are not eligible for this promotion.
  • Opening additional new Bask accounts will not restart or extend the bonus period.
  • If the account is not funded within 15 business days, we reserve the right to close the account.
  • All bank account bonuses are treated as income/interest, so you will need to pay taxes on them.

Fees

Monthly Fee

You do not need to worry about a monthly fee on this account.

Early Account Closure Fee

It is currently unclear whether there is an early account closure fee.

Application Link