This release is from March 24, 2023. 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., March 24, 2023 — Tellus App, Inc. (“Tellus”), the proptech company behind the Tellus savings app, has raised the Boost Account base annual percentage yield (APY) from 4.50% to 5.00%, effective March 24, 2023, following the Federal Reserve’s 0.25-percentage-point increase on March 22.
The new base rate applies automatically to all Boost Accounts.
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 4.50% to 5.00%, effective March 24, 2023.
- 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
