This release is from April 30, 2024. 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., April 30, 2024 — Tellus App, Inc. (“Tellus”), the proptech company behind the Tellus savings app, today launched two updates to Boosts in the Tellus app for iPhone and Android. The Boost queue lets customers claim a new Boost while another one is active, and Boost selection lets new customers pick their first Boost while they set up their account.
Boosts are limited-time rewards that customers claim in the app to raise the rate on their Boost Account. Until now, a customer could have only one Boost running at a time. If a new Boost arrived while another was active, the customer had to wait for the first one to end before claiming it, and could miss it. With the Boost queue, the customer can claim the new Boost right away. It waits in line and starts on its own when the current Boost ends.
New customers also get a clearer start. During sign-up, the app now shows a short selection of Boosts. The customer picks one, finishes setting up the account, and sees the Boost they earned.
What customers get:
- A place in line for the next Boost. Customers can claim a Boost while another is active. The claimed Boost is marked as in the queue.
- Automatic start. When the active Boost ends, the queued Boost starts on its own. There is nothing more to tap.
- Control over the active Boost. Customers can end an active Boost early from the Boost Rewards screen, which makes room for the next one.
- A Boost chosen at sign-up. New customers pick a Boost during onboarding instead of waiting for one to arrive later.
- A clear confirmation. After setup, a confirmation screen shows the Boost the customer earned.
How it works:
- Open the Boost Account and tap Boost Rewards to see available, active and queued Boosts.
- Claim an available Boost. If a Boost is already active, the new one goes into the queue.
- To end the active Boost early, tap it on the Boost Rewards screen and choose to expire it.
- New customers see the Boost selection screen during sign-up. They pick a Boost, then link a bank account and make a first deposit as usual.
Customers can hold one Boost in the queue at a time. Boost offers and terms vary by customer and are shown in the app.
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, Reserve Account, Stacks and Vaults are not deposit accounts and are 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
