Offer at a glance
- Interest Rate: None. Account earns 1.75 American Airline miles per $1 annually
- Minimum Balance: None
- Maximum Balance: None
- Availability: Nationwide
- Hard/soft pull: Soft pull
- ChexSystems: Unknown
- Credit card funding: None
- Monthly fees: None
- Insured: FDIC
- Expiration: Offer valid 6/1/26 – 8/30/26
The Offer
- Bask Bank is offering 20,000 American Airlines when you fund your Bask Mileage Savings Account with at least $50,000 within 15 days of account opening and maintain that balance for 90 consecutive days out of the first 120 days following the initial account opening.
Our Verdict
Last time around they offered 15,000 miles and the hold was 180 days. With this new offer it starts becoming something to consider:
The account doesn’t earn any interest, but does earn 1.75 American Airline miles per $1 annually. With this bonus you’d earn 20,000 miles from the bonus and another 21,875 from the standard earning rate. If you put $50,000 in a high yield account earning 4% APY (from the better high yield savings account rates) you’d earn around $500 in 90 days.
Another perk of this bonus is that they value the miles at $.42 cents per point on the 1099, so there could be a tax advantage for someone who gets more value from it.
Ultimately, I don’t consider this a screaming deal, but someone who values AA miles highly might find it interesting. Not sure if we’ll add this to our best bank account bonuses.
We have discussed the Bask American Airlines account before in this post.
Hat tip to Pbjclimber
Chuck
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