Miles For Family

We show middle class folks (like us) how they can leverage their good credit score to finally take that long-awaited trip. Travel isn’t free but we can help you take trips for pennies on the dollar!

  • Start Here
    • Free Consulting Service
    • Ask a Question
  • About
    • Resources
  • Credit Cards
    • Best Credit Card Deals
    • Apply for Credit Cards
  • Support the Site

Bask Bank Just Increased my AA Earnings!

August 1, 2022 By Nancy Leave a Comment

My husband and I both have online Mileage Savings Accounts with Bask Bank. Starting today, Bask Bank just increased our mileage earnings by 20%

Details on Bask Bank Mileage Savings Accounts

I’ve written about Bask Bank before (see this post). I’m not affiliated with this bank at all. But, I write about ways my family earns miles to use on travel, and this account is one of those ways.

Instead of getting cash interest, this specific account gives out American Airlines miles. Previously, the rate was 1 AA mile per dollar each year. Now, the rate is 1.2 AA miles per dollar each year. The miles are based on your average monthly balance and are given out monthly.

For example, if you put $20,000 in your account and left it there for a year, you would have accumulated 20,000 AA miles over the year based on the old rate, broken out by month. But now, $20,000 gives you 24,000 AA miles over the year with the new rate.

The miles you earn are taxed at the end of the year (just like other savings accounts). The miles are valued at .42 cents per mile.

We use our Bask accounts to stash our emergency funds and our savings for property taxes (which we pay ourselves instead of using an escrow account). These accounts do not give the same type of return as long-term investments. But, we can withdraw our cash quickly and easily.

I’ve found great value with AA miles for some Web Special Awards in the past, especially since my local airport is an AA hub.

120,000 AA Miles For Buying Two Packs of Gum
Photo by Ross Sokolovski on Unsplash

 

Author: Nancy

Nancy lives near Dallas, Texas, with her husband and three kids. Her favorite vacations include the beach, cruising and everything Disney.

Share this:

  • Twitter
  • Facebook
  • Pinterest
  • More
  • LinkedIn
  • Reddit
  • Email

Related

Filed Under: Uncategorized

Leave a Reply Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Search

Follow Us on Social Media

  • Facebook
  • Twitter
  • Instagram
  • Pinterest

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Follow me on Twitter

My Tweets

Archives

Recent Posts

  • Travel Companions: The More the Merrier, or the Fewer the Better?
  • One Thing I Did Not Pay Attention to Before This Hobby
  • Eating Insects Abroad: Yay or Nay?
  • The Popular Flight Amenity I Don’t Care About
  • (Last Reminder) Do This Before Major Southwest Program Changes Go into Effect on May 28th

Find Us On Facebook

Find Us On Facebook
  • Privacy Policy

© Miles for Family All Rights Reserved.

Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Miles for Family with appropriate and specific directions to the original content.

 

Loading Comments...