| APY (Annual Percentage Yield) | 2% - 4% |
| APY Minimum Balance | N/A |
| Monthly Fee | N/A |
Beam Account Review
Beam Account is offered by Beam, a financial services company founded in 2017 and based in San Francisco, CA. Beam Account is available in 50 states (and Washington, DC).
Are savings accounts from Beam federally insured?
Yes, your Beam savings accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
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:
| Description | |
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| Bank Account Features |
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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.
Availability
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Washington, DC
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
Feature Breakdown
| Bank Account Features |
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