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Turn Savings into Miles: Bask Bank's Mileage Account Benefits

đź’ˇ Ideal for travelers seeking rewards over traditional interest. Here's how it works

6-minute read | November 3, 2024

How Mileage Savings Works

“Let your savings fly.”

Bask Bank’s Mileage Savings Account gives you AAdvantage miles in place of interest. This means every dollar saved translates into travel rewards—especially valuable for frequent flyers in today’s low-interest environment. If you’d rather collect miles than earn modest interest, this account might be your perfect match.

đź’Ľ Consider This
Compare what you’d gain in miles versus interest from a regular savings account. For avid travelers, miles can often add up to greater value.

The Rate Change: What It Means for Your Miles

“Two miles per dollar saved—still unique for savvy savers.”

Starting Nov. 1, Bask Bank’s mileage rate has been adjusted from 2.5 to 2 miles per dollar annually. While this change means fewer miles per dollar saved, the account remains a compelling choice for those focused on accumulating travel rewards over cash interest.

đź’Ľ Consider This
Calculate your projected mileage at the new rate to see if it aligns with your travel goals. Think about how often you’ll redeem miles and what each mile means to you.

Maximizing Your Mileage Savings

“Grow your miles stash for future trips.”

To make the most of this account, try setting aside funds you won’t need right away. A longer balance hold means more miles in the bank—creating a solid foundation for future travel plans without extra spending.

đź’Ľ Consider This
Use this account for cash that’s sitting short-term. It’s a no-fuss way to let your funds work toward extra miles without changing your spending.

Is It Worth It?

“For those who love to travel, miles are a worthy reward.”

If AAdvantage miles are valuable to you, Bask Bank’s Mileage Savings Account offers a creative way to earn them. Although the rate change affects long-term mileage growth, the account remains attractive if miles are your preference over interest.

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