Bask Bank, known for awarding American Airlines AAdvantage miles instead of cash interest on savings, has tweaked its earning rate again. As of October 1, 2025, you'll earn 1.75 AAdvantage miles per dollar saved annually, down from the previous 2 miles. This is a continuing trend; earlier devaluations occurred in November 2024 (from 2.5x to 2x) and multiple times before that.

Why does this matter to you? If you're using Bask Bank to passively accumulate AAdvantage miles, you're now getting fewer miles for the same amount of money sitting in your account. This makes it take longer to reach your award travel goals. It also diminishes the value of parking your cash with Bask versus other high-yield savings options.

While the initial signup bonuses were appealing, most have disappeared, and the remaining ones have become harder to get. It's crucial to re-evaluate whether Bask Bank still makes sense for your travel rewards strategy, especially compared to other cards or savings accounts. Consider if the convenience of accumulating miles directly is worth the reduced earning rate.