Bankrate: With neobank Beam, savers reap what they sow

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23 August 2018

For anyone fed up with low savings account yields, a startup has a solution: a mobile banking app that can pay as much as 4 percent APY.

“Very few people will actually get consistent rates of 4 percent, if anybody,” says Stephen Greer, a senior analyst at research and consulting firm Celent. “It’s a cool trick to try and get people engaged, but I think it’s way overstated that it’s really anything more than a 2 percent savings account.”

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News article details

Sector
Banking, Retail Banking
Media Type
News Articles
Location
Asia-Pacific, EMEA, LATAM, North America