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Thread: Questions on BankDirect, now Bask Bank (consolidated)
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Old Jan 7, 2022 | 8:26 am
  #2330  
josephstern
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Originally Posted by Alex_I
Why keeping your $ in Bask Bank then? I never understood why folks go for that. If you worry about security, just buy US Treasury Series I savings bonds. The current interest is 7.12 percent. You can buy I bonds at that rate through April 2022. Note that you are only paying Fed taxes (not State or local) on this interest. If you invest $10K in Bask Bank, you will be getting 10K AA miles after 1 year. With Treasures, your interest is $712. Use that interest to buy domestic First Class ticket on ANY airline and do not worry about status. Or just buy AA miles and you will be still ahead.
Sure - but what if you have a bit more than $10K to invest?
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