Author Topic: meet "Beam" - a new high APY fdic insured bank  (Read 9600 times)

Offline PlatinumGuy

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: Apr 2011
  • Posts: 10842
  • Total likes: 310
  • DansDeals.com Hat Tips 8
    • View Profile
Re: meet "Beam" - a new high APY fdic insured bank
« Reply #30 on: October 23, 2017, 06:05:03 AM »
Remember that FDIC is capped at $250k/account
Purpose > Pleasure

Offline incendia

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Sep 2011
  • Posts: 1133
  • Total likes: 30
  • DansDeals.com Hat Tips 8
    • View Profile
Re: meet "Beam" - a new high APY fdic insured bank
« Reply #31 on: October 23, 2017, 08:56:27 AM »
Remember that FDIC is capped at $250k/account

Its per a person per a bank

Offline Emkay

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: Dec 2012
  • Posts: 14386
  • Total likes: 363
  • DansDeals.com Hat Tips 35
    • View Profile
  • Location: Where I ought to be
Re: meet "Beam" - a new high APY fdic insured bank
« Reply #32 on: November 30, 2017, 07:11:27 AM »
I'm sure y'all received it but here's an update.

"Dear Beam-lievers,

Today we are here to update you on the status of our product development and launch timeline for Beam. 

The banking domain is one of the most complex domains to get into, not to mention to innovate and to offer new products and services. This complexity is manifested in legal, regulatory, security, technology, servicing and a plethora of other dimensions of our business. 

Over the past few months we have been pouring our efforts to bring Beam to you sooner. Nevertheless, due to our resources, we have been unable to be as responsive as we had wanted or move as fast as we had wanted. In short, we have over-committed ourselves to releasing the Beam service to you on or before November. 

Presently this timeline has been pushed back to Q1 2018. We will work to bring you continuous updates from now until then to keep you posted."


Offline henche

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: May 2011
  • Posts: 3863
  • Total likes: 404
  • DansDeals.com Hat Tips 0
    • View Profile
Re: meet "Beam" - a new high APY fdic insured bank
« Reply #33 on: November 30, 2017, 11:17:54 AM »
I'm sure y'all received it but here's an update.

"Dear Beam-lievers,

Today we are here to update you on the status of our product development and launch timeline for Beam.

The banking domain is one of the most complex domains to get into, not to mention to innovate and to offer new products and services. This complexity is manifested in legal, regulatory, security, technology, servicing and a plethora of other dimensions of our business.

Over the past few months we have been pouring our efforts to bring Beam to you sooner. Nevertheless, due to our resources, we have been unable to be as responsive as we had wanted or move as fast as we had wanted. In short, we have over-committed ourselves to releasing the Beam service to you on or before November.

Presently this timeline has been pushed back to Q1 2018. We will work to bring you continuous updates from now until then to keep you posted."

It's like sungames for people who were too cheap to invest

Offline hvaces42

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Nov 2013
  • Posts: 5009
  • Total likes: 838
  • DansDeals.com Hat Tips 14
    • View Profile
Re: meet "Beam" - a new high APY fdic insured bank
« Reply #34 on: November 30, 2017, 05:04:32 PM »
Fed probably made them raise more capital and are limiting their capital to loan ratio to a small number 8:1 or maybe less that makes it too expensive right now.
Fair warning - Any PMs sent in response to forum posts are fair game for ridicule in public.

Offline henche

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: May 2011
  • Posts: 3863
  • Total likes: 404
  • DansDeals.com Hat Tips 0
    • View Profile
Re: meet "Beam" - a new high APY fdic insured bank
« Reply #35 on: November 30, 2017, 05:24:06 PM »
Fed probably made them raise more capital and are limiting their capital to loan ratio to a small number 8:1 or maybe less that makes it too expensive right now.

Uhuh. And they are meeting with the underwriters in London next week

Offline davidrotts63

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: May 2017
  • Posts: 7150
  • Total likes: 834
  • DansDeals.com Hat Tips 26
  • Gender: Male
    • View Profile
  • Programs: Hertz Gold, Hyatt Member, BA Blue, Ebay banned, Amazon Prime
Re: meet "Beam" - a new high APY fdic insured bank
« Reply #36 on: March 20, 2018, 06:23:13 PM »
And waiting....
(Quit) pulling out the flowers, and watering the weeds. -Peter Lynch

Offline hvaces42

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Nov 2013
  • Posts: 5009
  • Total likes: 838
  • DansDeals.com Hat Tips 14
    • View Profile
Re: meet "Beam" - a new high APY fdic insured bank
« Reply #37 on: March 20, 2018, 06:32:18 PM »
And waiting....
Which ancient thread are we gonna bump next?
Fair warning - Any PMs sent in response to forum posts are fair game for ridicule in public.

Offline davidrotts63

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: May 2017
  • Posts: 7150
  • Total likes: 834
  • DansDeals.com Hat Tips 26
  • Gender: Male
    • View Profile
  • Programs: Hertz Gold, Hyatt Member, BA Blue, Ebay banned, Amazon Prime
Re: meet "Beam" - a new high APY fdic insured bank
« Reply #38 on: March 20, 2018, 06:33:38 PM »
Which ancient thread are we gonna bump next?
I just thought about this.....
(should I start a new thread "what happened to beam"? )
(Quit) pulling out the flowers, and watering the weeds. -Peter Lynch

Offline Eliyohu

  • Dansdeals Platinum Elite + Lifetime Gold Elite
  • ******
  • Join Date: Oct 2015
  • Posts: 944
  • Total likes: 69
  • DansDeals.com Hat Tips 2
    • View Profile

Offline hvaces42

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Nov 2013
  • Posts: 5009
  • Total likes: 838
  • DansDeals.com Hat Tips 14
    • View Profile
Re: meet "Beam" - a new high APY fdic insured bank
« Reply #40 on: March 20, 2018, 11:35:40 PM »
Doc just posted this yesterday..
https://www.doctorofcredit.com/beam-2-4-apy-savings-account-set-to-launch-beta-at-end-of-march/
Further proof that not everyone reads DoC unless he posts it here. 
Fair warning - Any PMs sent in response to forum posts are fair game for ridicule in public.

Offline springles

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Aug 2010
  • Posts: 1953
  • Total likes: 40
  • DansDeals.com Hat Tips 6
    • View Profile
Re: meet "Beam" - a new high APY fdic insured bank
« Reply #41 on: March 20, 2018, 11:45:08 PM »
@Dan Where are you on the priority list? It says top 10 referrers will get 7% APY for the first 100 days. Seems kedai to get into the top 10

Offline 12HRS

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jun 2013
  • Posts: 5047
  • Total likes: 478
  • DansDeals.com Hat Tips 6
    • View Profile
Re: meet "Beam" - a new high APY fdic insured bank
« Reply #42 on: March 20, 2018, 11:59:59 PM »
@Dan Where are you on the priority list? It says top 10 referrers will get 7% APY for the first 100 days. Seems kedai to get into the top 10

how much will they let them deposit at 7%?

Offline henche

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: May 2011
  • Posts: 3863
  • Total likes: 404
  • DansDeals.com Hat Tips 0
    • View Profile
Re: meet "Beam" - a new high APY fdic insured bank
« Reply #43 on: March 21, 2018, 10:31:02 AM »
how much will they let them deposit at 7%?

Exactly. Is this a 100 dollar bonus? A 1000 dollar bonus? An infinite amount of money bonus that you can sell participations in and give investors a 5% return?

Offline avromie7

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Feb 2014
  • Posts: 5727
  • Total likes: 636
  • DansDeals.com Hat Tips 6
    • View Profile
  • Location: Lakewood
Re: meet "Beam" - a new high APY fdic insured bank
« Reply #44 on: March 21, 2018, 10:47:49 AM »
Exactly. Is this a 100 dollar bonus? A 1000 dollar bonus? An infinite amount of money bonus that you can sell participations in and give investors a 5% return?
7% for 100 days is ~2%
I wonder what people who type "u" instead of "you" do with all their free time.