Bask Bank mileage earning reduced to 2 American Airlines miles per $1 saved starting tomorrow

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Bask Bank just announced that starting tomorrow, November 1, 2024, the amount of American Airlines miles earned with your Bask Bank savings account will drop from 2.5 to 2 miles for every $1 saved annually.

This means that if you have $10,000 in your Bask Bank savings account, you previously would have earned 25,000 miles per year and, starting tomorrow, you’ll earn 20,000 miles.

Given that the Fed recently dropped interest rates, it was predictable that the amount of miles earned with your Bask Bank savings account would decrease — I was just hoping Bask Bank would wait until the next Fed rate cut to drop their interest rate.

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