Bask Bank was one of the first online-only banks in the United States. Founded in 1999 under its parent company, Texas Capital Bank, it offers a high-yield savings account and an interest checking account. However, Bask Bank CD rates are also some of the best in the industry.

If you’re considering opening a CD, keep reading as we dig into the rates Bask Bank offers and some benefits.

Bask Bank CD Rates Overview

Key Features of Bask Bank CDs

Here’s a breakdown of some features you’ll find with Bask Bank CDs.

• Competitive Interest Rates: Bask Bank CD rates are some of the highest available, with rates up to 4.65%.
• Several Terms Lengths Available: You can choose between terms lengths ranging from 3 to 24 months.
• No Monthly Fees: There are no monthly service fees with any Bask Bank CD.
• Low Minimum Deposit: All Bask Bank CDs require a low $1,000 minimum deposit.
• FDIC Insurance: Bask Bank CDs and other products, such as a Bask Interest Savings account or Bask Interest Checking account, are FDIC-insured.

How Do Bask Bank CDs Compare?

Do you want to compare the current Bask Bank CD rates to what else is available? Here are a few other options to consider.

Pros and Cons of Bask Bank CD Rates

Before you move forward with a Bask Bank CD, make sure you understand all the pros and cons.

Pros of Bask Bank CDs

• Competitive Rates: With rates up to 4.65%, Bask Bank CD rates are some of the highest available.
• No Monthly Fees: There are no monthly fees with a Bask Bank CD.
• Multiple CD Term Lengths Available: There are many different shorter-term CD terms you can choose from.

Cons of Bask Bank CDs

• No Long Terms CD Terms: Bask Bank doesn’t offer long-term CDs beyond two years.
• Minimum Deposit Required: Unlike other banks and credit unions that have no minimum deposit, a $1,000 minimum deposit is required to open a CDask Bank.

How to Open a Bask Bank CD

Once you decide to open a Bask Bank CD, the entire process will take only a few minutes.

To get started, click the button below and select the CD term you want. You’ll then be asked for the following things:

• Legal name
• Address
• Social Security Number

To verify your identity, you’ll also need to provide a copy of your government-issued ID and take a selfie photo with your mobile device.

Alternatives to Bask Bank CDs

Other CDs With a High APY: Although Bask Bank CD rates are among the highest of any bank or credit union, you may decide you want a longer term. Our best CD rates page provides additional options. 

Bask Interest Savings Account: If you would prefer access to your cash instead of having it locked up in a CD, you could choose a Bask Interest savings account. The Bask Bank Saving account interest rate is still highly competitive at 4.50%.

Bask Bank Mileage Savings Account: Would you prefer to earn American Airlines miles instead of cash on your savings account? You could sign up for a Bank Bank Mileage savings account and earn two American Airlines AAdvantage® Miles for every dollar saved annually.