This release is from December 7, 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., Dec. 7, 2022 — Tellus App, Inc. (“Tellus”), the proptech company behind the Tellus savings app, has raised the annual percentage yield (APY) on its Reserve Account from 4.75% to 5.50%, effective December 7, 2022. The new rate applies to all existing and new Reserve Accounts, up to each account’s balance limit.
The Boost Account base rate is unchanged by this announcement.
How the account works:
- Reserve Account. A sub-account with a balance cap. Customers who set money aside in Reserve earn a higher rate on it than the Boost base rate. Anything above the cap flows to the customer’s Boost Account, and Boosts do not apply to Reserve.
What changes:
- Reserve Account. APY rises from 4.75% to 5.50%, effective Dec. 7, 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. Get more details in our How it Works page.
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
