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While savers have no lack of choices for how to invest savings, only one option lets you leverage your savings to book travel for a fraction of the normal cost. Bask Bank offers savers the unique ability to earn American Airlines AAdvantage® bonus miles by saving through a Bask Mileage Savings Account.![?gdpr=${GDPR}&gdpr_consent=${GDPR_CONSENT_78}&us_privacy=${US_PRIVACY}&cachebuster=[CACHEBUSTER]](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
Bask Bank currently offers 2 AAdvantage® miles per dollar saved annually (e.g., earn 2,000 bonus miles by saving $1,000 for a year). And even smaller savers can enjoy the full benefits of a Bask Mileage Savings Account thanks to no monthly account fees or minimum balance requirements to worry about.
For those who are not already a Bask Mileage Savings Account holder, now's an excellent time to open a new account. Bask Bank just launched an offer of 10,000 AAdvantage® bonus miles when new users open an account and save $50,000 for at least 180 consecutive days out of the first 210 days following account opening. This offer ends on May 31, 2025.
Savers who already know the value of AAdvantage® miles realize how significant this mileage bonus is. If you’re one of those readers, here's the link to open a Bask Mileage Savings Account with this offer. But if you're unsure how to leverage such an incredible mileage bonus, read on to learn whether this offer is right for you.
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Bask Mileage Savings Account Bonus Offer Terms
Currently, new Bask Mileage Savings Account holders can currently earn 10,000 AAdvantage® bonus miles by depositing $50,000 into a Bask Mileage Savings Account.
To earn the bonus, qualifying funds must be deposited within 15 business days of opening your new account. Then, you must maintain that balance for at least 180 consecutive days out of the first 210 days after account opening. If you save just the minimum required deposit of $50,000, you’ll earn around 49,315 AAdvantage® bonus miles over those 180 days. Add in the bonus, and you'll net at least 59,315 AAdvantage® bonus miles over the initial six-month period as an account holder.
That's only a few days worth of savings away from having enough AAdvantage® miles to book incredible award travel — such as Japan Airlines business class between the U.S. and Japan for 60,000 AAdvantage® miles each way.
Or, let your mileage savings grow a bit longer to have enough miles to fly Qatar’s award-winning QSuite business class product from Seattle all the way to Nairobi, Kenya for just 75,000 AAdvantage®miles one-way:
This is a much better bonus than past Bask Bank welcome offers, which have recently offered new account holders as few as 2,000 AAdvantage® bonus miles.
When Are Bask Mileage Savings Account Miles Deposited?
Bask Mileage Savings Account holders currently earn 2 AAdvantage® miles per dollar saved annually. However, you don't have to wait a full year to get your miles. Bask Bank deposits miles monthly — typically within five days of the end of the month.
Say you deposit $1,460 in a Bask Mileage Savings Account. At the current earning rate, you'll earn 8 AAdvantage® miles per day. A few days after the end of a 30-day month, Bask Bank will deposit 240 miles in your AAdvantage® account.
Due to these monthly mileage deposits, you won't have to worry about your American Airlines miles expiring.
Why Get a Bask Mileage Savings Account?
Travelers have many reasons to open a Bask Mileage Savings Account. Even infrequent travelers may want to open an account just to ensure your AAdvantage® miles don't expire from inactivity.
However, the main reason to save with Bask Bank is the excellent return you can get on your savings. According to the FDIC, the average cash-earning savings account only yields 0.41% interest as of March 17, 2025. Meanwhile, with just a little bit of planning or flexibility, AAdvantage® miles can easily be redeemed for 1.5 cents per mile. Then, factor in that you're earning 2X miles per dollar saved per year.
Also, earning AAdvantage® miles is more tax efficient than earning cash interest. In short, the taxable value of the miles you earn is likely far less than the value you can obtain from those AAdvantage® miles. For most travelers, the after-tax return on earning AAdvantage® miles should be higher than your after-tax earnings from cash savings — even from a high-yield savings account.
Since this can be complicated, we put together a comparison chart showing when you should save through a Bask Mileage Savings Account or Bask Interest Savings Account based on your personal value of AAdvantage® miles and individual tax rate.
In short, you should opt to earn AAdvantage® miles from your savings if you have a high tax rate and/or high personal valuation of AAdvantage® miles.
For example, if your marginal tax rate is 30% and you value AAdvantage® miles at 1.7 cents each, your after-tax earnings are higher from earning miles through a Bask Mileage Savings Account than even earning cash interest at 4.5% APY.* On the flip side, you'll want to opt for a high-yield cash interest savings account if you struggle to redeem AAdvantage® miles for more than 1.5 cents each.
Related: 8 Sweet Spots Using American Airlines AAdvantage® Miles
Bask Now Offers a Full Suite of Banking Products
While Bask Bank continues to make its name through the Bask Mileage Savings Account, it now offers a full suite of banking products — including cash-earning savings accounts, CDs, and now even a checking account.
Bask first expanded by offering the Bask Interest Savings Account. This cash-earning savings account now offers a highly competitive 4.2% APY*. That's well ahead of the measly 0.41% APY* national average for savings accounts (as of March 17, 2025).
Now, Bask Bank is rounding out its suite of banking products by offering a new Bask Interest Checking Account. This high-yield checking account lets you manage all of your banking accounts under one roof. Plus, you'll be able to easily transfer funds between checking and savings accounts.
Final Thoughts
American Airlines AAdvantage® is one of our favorite airline loyalty programs. Through its nearly two dozen partner airlines, you can fly to over 1,000 destinations around the world — and travel in some of the best business- and first-class products in the skies. And especially after repeated devaluations from Delta, United, and even Alaska, American Airlines partner awards seem downright cheap.
One of the best ways to earn AAdvantage® miles is by saving through Bask Bank. I believe it's such a good deal that I personally keep my cash savings in a mixture of the Bask Mileage Savings Account and Bask Interest Savings Account.
Even better, you can currently earn 10,000 AAdvantage® bonus miles by opening a new account, funding it with at least $50,000, and maintaining that balance for 180 consecutive days after opening your account. To take advantage of this offer, you’ll need to open a new Bask Mileage Savings Account before this offer ends on May 31, 2025.
Terms & Disclosures:
Bask Bank is a division of Texas Capital Bank, Member FDIC.
Mile awards are subject to change at Bask Bank's sole discretion. Please see Terms and Disclosures for details.
American Airlines reserves the right to change the AAdvantage® program and its terms and conditions at any time with or without notice, and to end the AAdvantage® program with six months' notice. Any such changes may affect your ability to use AAdvantage® Rewards and Benefits that you have already accumulated. Unless specified, AAdvantage® miles earned through this promotion/offer do not count toward status qualification. American Airlines is not responsible for products or services offered by other participating companies. All third-party provider terms and conditions apply. For more information on miles and Loyalty Points, visit aa.com/loyaltypoints. For complete details about the AAdvantage® program, visit aa.com/aadvantage. For the AAdvantage® terms and conditions, visit AAdvantage® terms and conditions − AAdvantage® program − American Airlines.
American Airlines, AAdvantage®, the Flight Symbol logo and the Tail Design are marks of American Airlines, Inc.
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