Beam is a company that promises to launch a high interest account (2-4% APY) that we have covered previously. It looks like they plan to launch a closed private beta at the end of this month, they sent out the following e-mail to current users:
Dear Beam-liever,
We are pleased to inform you that you are one of the Top 30,000 on the Beam waitlist based on your current position as of March 16, 2018. As you may know, Top 10 on the Beam’s waitlist will be awarded with a 7% APY interest reward for the first 100 days from our initial launch date.
So when’s our “launch date”? Beginning end of this month (March), Beam will begin its phased rollout for its Private Beta, a feature-limited version of Beam. In order to ensure that we have an accurate count of who will be awarded with the Top 10 honor, we want to clarify the following rules:
First, the effective Evaluation Date for the Top 10 position will be March 27, 2018 at 3pm PDT / 6pm EST. We will promptly tabulate the results based on your position at the Evaluation Date, not before or after.
Second, we’ve recently upgraded our waitlist system to require email verification for all waitlisters. You must verify your email to authenticate your spot on the waitlist. To do so, re-enter your email address on Beam’s Home page to request a copy of the verification email to be sent to you, which will contain instructions for next steps. Failing to verify your email may put your Private Beta spot at risk.
So how much more can I move up the list if I refer just one more friend to the waitlist? Often thousands of spots, but it can depend on where you are on the waitlist. Remember to check on details of your waitlist position on your status page, where you can also find out more about the impact of each referral.
The Top 10 honorees will receive an email about next steps shortly after the Evaluation Date, including a public announcement on our very own Beam Journal. If you have any questions about the aforementioned process, feel free to reach out to us by replying to this email.
Have a great weekend!
Beam Team
I wanted to check my current position on Beam, so I entered my e-mail and it just keeps loading so it doesn’t look like the site is actually functioning properly. If you haven’t heard of Beam before and want to know more, I’d recommend reading our review found here. If they can offer a base savings rate of 2% they will be the best basic savings account rate available. How good the 4% rate is will depend on what the requirement is.
