This post was updated on 7/23. I heard back from Beam and have provided their answers to my questions.
There’s a new FinTec app that’s getting some buzz right now called Beam. Beam is a high interest rate bank account that’s promising 2 – 4% APY on your savings account and if that’s true, this will be a very successful product because most of the big banks offer are currently offering less than 1% APY.
I’m calling this post a ‘review’ of the service, but it’s really a sneak peek since the service hasn’t actually launched yet. Before it does, and before I deposit any of my cash with Beam, I’ve got a few questions. [Read more…] about Beam – A Review Of The High Interest Rate Bank Account