Bask Bank Offers FDIC-Insured Accounts with Cash Interest or AAdvantage Miles

Bask Bank's Mileage Savings Account credits American Airlines (AAL) AAdvantage miles on your full balance, making it the only mainstream U.S. bank account structured this way.

Bask Bank also offers high-yield savings accounts and interest-earning checking accounts, so your money is never sitting idle.

Miles earned in the Mileage Savings Account are taxable, not FDIC-insured once posted, and vulnerable to American Airlines devaluing its rewards program.

Bask Bank is an online-only division of Texas Capital Bank built around a simple premise: pick how you want your savings to earn. The options are cash interest in a high-yield savings account, an interest-earning checking account, American Airlines (NASDAQ:AAL) AAdvantage miles, or a fixed return in a CD. Because my career is built on analyzing consumer banking products to help readers choose the best accounts for their money, my verdict on Bask is straightforward: if you already fly American or want competitive interest-earning online savings or checking accounts from an FDIC-insured U.S. bank, Bask is worth a close look. If you want branches, investment products, or a full digital ecosystem, it is not the right fit.

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Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/bask-bank-offers-fdic-insured-130735570.html)