Bask Bank Devalues Mileage Savings Account: Time to Rethink Your Savings Strategy?
Published on October 1, 2025, 9:53 PM
Bask Bank, known for letting you earn American Airlines miles instead of cash interest on your savings, just lowered the earning rate on their Mileage Savings Account. This isn't great news if you're stashing cash there to boost your AAdvantage balance. While lower interest rates are a trend right now, this move definitely makes you wonder if earning miles through savings is still the best strategy.
Basically, you need to crunch the numbers. Are the miles you're earning from Bask Bank worth more than the cash interest you could get from a high-yield savings account or other investment options? Everyone's situation is different, but it's a good time to evaluate if sticking with the Bask Mileage Savings Account still aligns with your travel goals and financial priorities. Maybe a mix of earning some miles and some cash is the way to go!
