6-minute read | November 3, 2024
How Mileage Savings Works
âLet your savings fly.â
Bask Bankâs Mileage Savings Account gives you AAdvantage miles in place of interest. This means every dollar saved translates into travel rewardsâespecially valuable for frequent flyers in todayâs low-interest environment. If youâd rather collect miles than earn modest interest, this account might be your perfect match.
đź Consider This
Compare what youâd 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
âTwo miles per dollar savedâstill unique for savvy savers.â
Starting Nov. 1, Bask Bankâs 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 Consider This
Calculate your projected mileage at the new rate to see if it aligns with your travel goals. Think about how often youâll redeem miles and what each mile means to you.
Maximizing Your Mileage Savings
âGrow your miles stash for future trips.â
To make the most of this account, try setting aside funds you wonât need right away. A longer balance hold means more miles in the bankâcreating a solid foundation for future travel plans without extra spending.
đź Consider This
Use this account for cash thatâs sitting short-term. Itâs a no-fuss way to let your funds work toward extra miles without changing your spending.
Is It Worth It?
âFor those who love to travel, miles are a worthy reward.â
If AAdvantage miles are valuable to you, Bask Bankâs 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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