|APY||2% - 4%|
|APY Minimum Balance||N/A|
Beam Account Review
Where does Beam Account do business?
Beam is a financial institution based in San Francisco, CA. It was founded in 2017 and offers savings accounts in 50 states (and Washington, DC).
Beam Account is a member of the Federal Deposit Insurance Corporation (FDIC). The FDIC insures deposits in checking accounts, savings accounts, certificates of deposit (CDs), and money market accounts up to $250,000 per depositor if a member institution fails.
What APY does Beam offer?
Beam Account offers an APY starting at 2% and ranging up to 4% (APY stands for annual percentage yield, rates may change). This is higher than the typical APY for online-only checking accounts, which is around 1% APY.
What features and perks does Beam Account offer?
This account includes the following features:
What fees does Beam Account charge?
Beam Account does not charge a monthly maintenance fee. See the fee breakdown section below to view all fees.
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia