Wanted to give a review of Beam the new checking account that offers between 2-4% Interest. It’s available in Beta for iPhone users.
The accounts are FDIC Insured by Evolve Bank and Trust and linked to Beam through Synapse Technologies. Not really sure who either of them are, but didn’t bother me.
Sign up process was easy as all you need to do is provide basic information and take a picture of your license. Then you link your other bank account to deposit funds.
Everyone automatically gets 2% interest (one of the top interest rates around) but can earn additional interest by collecting Billies. Billies are something Beam makes you login to get at 6PM everyday to boost your interest. The only other way to earn Billies is to refer people to the app (my link)