Several months ago I posted this review of Beam, a Fintech app that’s been getting a lot of buzz for the high interest rates of 2%-4% that they’ll be offering customers.
Most big banks and financial institutions offer interest rates of less than 1%, so the possibility of a 4x return is appealing to say the least!
But is Beam too good to be true? The service was supposed to launch in October 2017; we’re now pushing February 2018 and we still don’t know much about Beam.
So I reached out to the company with several questions that many of you have asked me and I’ve got some answers. What follows is Beam’s word-for word responses to my questions (emphasis added in parts by me).