This release is from October 21, 2022. 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., Oct. 21, 2022 — 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 3.00% to 3.40%, effective October 21, 2022. The increase applies automatically to every Boost Account; customers do not need to take any action.
The change follows the Federal Reserve’s 0.75-percentage-point increase in September and reflects Tellus’s commitment to passing a rising rate environment through to its customers.
How the account works:
- Boost Account. Tellus’s main cash account. Customers who deposit earn the base rate on their full balance with no lock-up, and customers can claim Boosts in the app: limited-time bonuses added on top of the base rate. Rewards are calculated daily.
What changes:
- Boost Account. Base APY rises from 3.00% to 3.40%, effective Oct. 21, 2022.
- 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.
Tellus is not a bank. Tellus is not FDIC-insured. The Boost Account, Reserve Account 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
