Signup For Beam Beta By Friday To Earn 2%-4% APY On A Savings Account

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Update: The beta signup period has been extended until 3/30 at 6pm ET. The private beta will be rolled out starting next week in the order that you are on the waitlist. FDIC insurance will be provided through Evolve Bank & Trust.

Beam has announced that they will start launching their online banking service in beta mode later this month.

You can signup to join the waitlist via my referral link here. They will be letting people open accounts during beta mode in the order they are on the waitlist. The earlier you signup, the higher you will be on the waitlist. You can also move up the waitlist by getting people to signup with your referral link by 3/27 at 6pm ET. The top 10 people on the waitlist will also get a 7% APY for the first 100 days from launch.

Beam is FDIC insured for $250K per depositer. They will offer 2% APY on their online savings account, an amazing rate for liquid funds. They will also offer the opportunity to boost the rate to 4%, though they haven’t yet announced those details. There will be no fees for using Beam, there is no charge for money transfer and there are no minimum balance requirements.

HT: dovy2, via DDF

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36 Comments On "Signup For Beam Beta By Friday To Earn 2%-4% APY On A Savings Account"

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I’m number 62837 on the list


What # are you in line now, Dan?


#20912 for me


So what’s the catch?


They’re trying to invent online banking. Instead of advertising they are hoping referrals will bring them money. The money they save on advertising can be used to pay out higher interest rates. They may also require you to login and do different things to keep a high rate.


They write they you can do unlimited transfers in and out of the account with a checking account. Aren’t Savings accounts limited to 6 withdrawals per statement period?


moved up to #254 will keep checking


Willing to bet Dan is at least #3 in line, if not better.


Currently #9


Cool! Can I give you my money to put into your savings account;)


Are they legit? They haven’t released their partner bank or their business model yet.


the AA miles special going on now is it worth it?


c’mon people! u really fall for this “wait list” garbage?! are serious?! the bank is not going to let you make an account cuz there are people behind you?! its just a cool way of getting free marketing (and its working!)


Is there a hard pull for opening an online savings account?


i don’t think so. they pull a hard inquiry only when you borrow money not when you lend to others..


assuming dan is on the top of the list by the deadline then he would be eligible for 7 percent interest for the first 100 days , that means if his net worth is 15-20 million and he puts in lets say 10 million into this beam account then 7% for the first 100 days would be?around 235k. Nice!! the rich only get richer


no smart person will keep is net worth in cash….

David b

I think I saw somewhere there is a 50k limit


can you use this without a smartphone (no app) using your computer?

200x... hmmm


More like 2x-3x more today, but not complaining


it won’t take my email address I tried two of them any clue why


how does this compare to CIT bank? is there a point in signing up even tho I have no chance of being in the top 10?


Is 2-4 % the best guaranteed rate you can get currently?


Dan, they released their iOS app. Do you have access yet? Tell us how it works…




Android app now available