This release is from February 8, 2021. 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., Feb. 8, 2021 — Tellus App, Inc. (“Tellus”), the proptech company behind the Tellus savings app, has raised the base annual percentage yield (APY) on its Boost Account from 2.00% to 3.00%, effective Feb. 8, 2021. The new rate applies automatically to every Boost Account, existing and new. There is no longer an introductory period: 3.00% APY is now the standing rate.
Tellus has also streamlined Boost Account sign-up, so new customers can open an account and start earning the new rate faster.
How the account works:
- Boost Account. Tellus’s cash account. Customers who deposit earn the base rate on their full balance, rewards are calculated and paid daily, and customers can apply Boosts: limited-time bonuses added on top of the base rate.
What changes:
- Boost Account. Base APY rises from 2.00% to 3.00%, effective Feb. 8, 2021.
- No more introductory period. Customers earn 3.00% APY from their first deposit.
- No action needed. The new rate applies automatically to existing and new accounts.
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. Get more details in our How it Works page.
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
