Bask Bank CD Rates for 2025
Review
Updated
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Bask Bank offers some of the highest interest rates on the market. Bask Bank offers CD terms ranging from 3 to 24 months, making it a great option for short and mid-term investments. Bask Bank has a minimum deposit requirement and doesn't offer CD terms longer than 24 months, so it may not be right for everyone.
Read this review to learn more about Bask Bank CD rates, how they compare to the competition, and who should get a Bask Bank CD.
APY = Annual Percentage Yield
You get a few straightforward CD terms to choose from (from three months to two years), and a competitive APY from Bask Bank. But you will need to pony up $1,000 to open one of these CDs.
| 3 Mo. APY | 6 Mo. APY | 9 Mo. APY | 1 Yr. APY | 1.5 Yr. APY | 2 Yr. APY |
|---|---|---|---|---|---|
| 4.50% | 4.45% | 4.40% | 4.40% | 4.00% | 4.00% |
A high-interest savings account offers rates competitive with the best CDs accounts, but without having to lock your money away for months or even years at a time. Here are some top-rated high-yield savings account options from our experts.
| Account | APY | Promotion | Next Steps |
|---|---|---|---|
Open Account for American Express® High Yield Savings
On American Express's Secure Website.
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
3.70%
Rate info
3.70% annual percentage yield as of April 11, 2025. Terms apply.
Min. to earn: $0
|
N/A
|
Open Account for American Express® High Yield Savings
On American Express's Secure Website. |
Open Account for CIT Platinum Savings
On CIT's Secure Website.
Rating image, 4.50 out of 5 stars.
4.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
4.10% APY for balances of $5,000 or more
Rate info
4.10% APY for balances of $5,000 or more; otherwise, 0.25% APY
Min. to earn: $100 to open account, $5,000+ for max APY
|
Earn a bonus of at least $225 after a one-time deposit of $25,000+.
Transfer a one-time deposit of $25,000-$49,999.99 for a bonus of $225. Transfer a one-time deposit of $50,000+ for a bonus of $300. Account must be opened with code PS2025 while this promotion lasts, and funded within 30 days. Bonus will be fulfilled within 60 days from the funding date. There is no period of time where the customer will be required to maintain the funds. Account must be open when bonus is credited. One bonus per account and primary customer. Bonus will be credited into the Platinum Savings Account that fulfills the funding requirement. Funding can be deposited all at once or incrementally.
|
Open Account for CIT Platinum Savings
On CIT's Secure Website. |
Open Account for Capital One 360 Performance Savings
On Capital One's Secure Website.
Rating image, 4.50 out of 5 stars.
4.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
3.60%
Rate info
See Capital One website for most up-to-date rates. Advertised Annual Percentage Yield (APY) is variable and accurate as of April 8, 2025. Rates are subject to change at any time before or after account opening.
Min. to earn: $0
|
N/A
|
Open Account for Capital One 360 Performance Savings
On Capital One's Secure Website. |
Bask Bank has some of the best 3-month to 24-month CDs rates available on the market, especially for its 6-month CDs. Take a look at how some of the competition stacks up.
| Bank & CD Offer | APY | Term | Min. Deposit | Next Steps |
|---|---|---|---|---|
Discover® Bank CD
Member FDIC.
Open Account for Discover® Bank CD
On Discover Bank's Secure Website. |
APY:
4.00%
|
Term:
1 Year
|
Min. Deposit:
$0
|
Open Account for Discover® Bank CD
On Discover Bank's Secure Website. |
|
APY:
4.00%
|
Term:
10 Months
|
Min. Deposit:
$500
|
Open Account for
On Secure Website. |
|
|
APY:
3.75%
|
Term:
6 Months
|
Min. Deposit:
$1
|
Open Account for
On Secure Website. |
Bask Bank offers six CD options: 3 months, 6 months, 9 months, 12 months, 18 months, and 24 months.
Bask CD rates are extremely competitive and some of the highest in the market. There are also no fees. However, penalties for early withdrawals are high and Bask Bank doesn't offer CD terms longer than 24 months.
The early withdrawal penalty for 6-month and 12-month CDs is three months of interest and the penalty for CDs with longer terms is six months of interest. If the penalty is higher than the accrued interest, the difference will be taken from your principal.
Bask Bank also requires an initial deposit of $1,000. This must be received within 10 business days, or the account will be closed. Once you make the initial deposit, you will not be able to make any additional deposits until the renewal grace period at the end of the CD term.
After your CD matures, you will have a 10-day grace period. You can choose to withdraw your funds, add funds, move to another Bask Bank CD, or adjust the term length. If you do nothing, your CD is renewed automatically and you'll receive a renewal letter after the end of the grace period.
Bask Bank CDs are right for those who want to earn a high interest rate, are comfortable with online banking, and are able to meet the $1,000 minimum requirement.
At Motley Fool Money, certificates of deposit (CDs) are rated on a scale of one to five stars, primarily focusing on annual percentage yield (APY) and early withdrawal penalty fees. Our highest-rated CDs generally include competitive APYs without complex qualification tiers, low withdrawal fees, reliable brand trust and reputation, and ease of use.
Learn more about how Motley Fool Money rates bank accounts.
If you're looking for a high interest rate CD with a term of 24 months or less, Bask Bank might be a fit for you.
Bask Bank CDs offer some of the highest CD rates in the market. CDs are a safe way to grow your money if you don't need it for day-to-day expenses.
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. Motley Fool Money does not cover all offers on the market. Motley Fool Money is 100% owned and operated by The Motley Fool. Our knowledgeable team of personal finance editors and analysts are employed by The Motley Fool and held to the same set of publishing standards and editorial integrity while maintaining professional separation from the analysts and editors on other Motley Fool brands. Terms may apply to offers listed on this page. APYs are subject to change at any time without notice.
