U.S. News & World Report Recognizes Bask Bank as #1 Bank for Savings Accounts
30 Junho 2023 - 10:00AM
Bask Bank, the digital banking division of Texas Capital Bank, has
been named by U.S. News & World Report (U.S. News) as the #1
Best Bank for Savings Accounts in its first-ever Banking, Investing
Platforms and Lender Awards. Bask Bank was selected as the savings
account winner among the 40 largest U.S. consumer banks.
Best Banking is a new project from U.S. News that uses “data
journalism.” U.S. News selects a wide variety of financial
institutions to survey, rate and review. Per U.S. News, the list
includes the largest 40 consumer banks in the country based on
asset size, as well as additional banks and credit unions based on
internet search volume and their relevance in the broader financial
industry. U.S. News’ criteria for selecting the Best Savings
Account includes Annual Percentage Yield, customer complaints,
minimum balance required to earn interest, minimum initial deposit
requirement, monthly fee and transaction limitations. Bask Bank’s
Interest Savings Account performed well in all scoring categories –
account holders currently enjoy a high Annual Percentage Yield at
4.85%* with no balance requirements, no minimum deposit
requirements and no monthly account fees.
“Being named the best savings account bank in the U.S. News’
inaugural banking awards is an honor for Bask Bank as well as the
Texas Capital Bancshares franchise,” said Texas Capital Bank
President and CEO Rob Holmes. “This is a recognition of significant
investment and accomplishment transforming our digital client
experiences into the best available. Bask Bank for consumers,
coupled with our new commercial onboarding platform for our
wholesale corporate clients, Initio, establishes Texas Capital Bank
as a leader in the digital banking space.”
“We established Bask Bank in 2020 to meet the evolving needs and
behaviors of consumers and are pleased to be recognized as a leader
in this space,” said Chia Hsun Chang, head of Digital Banking at
Texas Capital Bank. “The team has continued to lean into our
customers’ feedback to expand products and capabilities, delivering
incremental value and improving the overall digital
experience.”
About Bask BankBask Bank is a digital bank that
rewards savers with both interest and American Airlines
AAdvantage® miles. Along with its parent company, Texas
Capital Bancshares, Bask Bank is committed to building strategic
relationships and providing service that exceeds expectations. Bask
Bank is a division of Texas Capital Bank, an established
FDIC-insured bank headquartered in Dallas. For more information,
please visit www.baskbank.com.
*Annual Percentage Yield as of June 27, 2023. APY is variable
and subject to change at any time. No monthly account fees or
minimum deposit required. Must fund within 15 business days of
account opening. Deposit products offered by Texas Capital Bank,
Member FDIC.
MEDIA CONTACT
Julia Monter, 469.399.8425
julia.monter@texascapitalbank.com
Texas Capital Bancshares (NASDAQ:TCBI)
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