This release is from May 12, 2020. The rates and terms it describes applied on that date and may have changed since. Current rates and terms are at tellusapp.com.
MOUNTAIN VIEW, Calif., May 12, 2020 — Tellus App, Inc. (“Tellus”), the proptech company behind the Tellus savings app, today launched Tellus Boost, a cash account for savers who want to earn more on their cash. The Boost Account is available in the Tellus app on iOS and Android, starting with customers on the Tellus waitlist.
Customers can open a Boost Account with $200. Customers who open a new account earn a 3.00% APY introductory rate for their first 100 days, and 2.00% APY once the introductory period ends. Rewards are compounded and paid daily, and there are no fees to open or hold an account.
Customers can earn a higher rate for a limited time when they collect a Boost in the app and apply it to their Boost Account. Boosts are limited-time bonuses, and customers choose when to apply them.
What customers get:
- A 3.00% introductory rate. Customers who open a new Boost Account earn 3.00% APY for the first 100 days.
- A 2.00% base rate after that. Once the introductory period ends, the base rate is 2.00% APY.
- Rewards every day. Rewards are compounded and paid daily, and customers start earning right away, from the day they send a transfer.
- Boosts. Limited-time bonuses. When customers apply a Boost, they earn a higher rate on top of the base rate. Customers collect Boosts in their wallet and choose when to apply them. Inviting friends to Tellus is one way to earn them.
- No fees. There are no fees to open or hold a Boost Account.
- A $200 start. A Boost Account can be opened with $200.
How it works:
- Download the Tellus app on iOS or Android, verify your identity and open a Boost Account from your wallet.
- Add funds from your bank account. The minimum opening deposit is $200.
- Start earning. You earn the introductory rate on your balance, and rewards are credited every day.
- Apply Boosts from your wallet. You earn a higher rate for a limited time when you apply one.
The Tellus app is available on the App Store and Google Play.
About Tellus
Tellus App, Inc. is a proptech company headquartered in Silicon Valley. The Tellus savings app helps people save with cash accounts powered by real estate, and gives independent landlords property management software.
Tellus is not a bank. Tellus is not FDIC-insured. The Boost Account is not a deposit account and is not FDIC-insured.
Rewards on Tellus’s non-deposit accounts vary and are determined by each customer’s actions and choices in the app.
See www.TellusApp.com for full terms and conditions.
Media contact: press@tellusapp.com
