Bask Bank’s Mileage Savings Account provides a unique opportunity for you to earn American Airlines AAdvantage® miles instead of traditional cash interest. Offering 2.5 miles per dollar saved annually, the account is great frequent travelers looking to accumulate miles without making airline purchases. Currently, Bask Bank is running a promotion where new customers can earn 20,000 bonus miles by depositing $50,000 and maintaining that balance for 180 days. In total, with the bonus and regular miles, account holders can accumulate 81,600 miles over six months. This promotion is available until August 31, 2024.
One advantage of this account is the monthly deposit of miles, ensuring that your AAdvantage® miles remain active and don’t expire due to inactivity. With no account fees or minimum balance requirements, the account is accessible for a variety of savers. If you value miles at 1.5 cents or more per mile, this option can potentially provide a better return compared to the national average savings rate of 0.45%, especially for those focused on travel rewards.
For those who prefer earning cash interest, Bask Bank also offers a 5.10% APY Interest Savings Account, which is highly competitive in the current market. Whether you’re aiming to maximize miles for future travel or earn a high return on your savings, Bask Bank’s options are designed to meet different financial goals.
