This release is from March 1, 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., March 1, 2022 — Tellus App, Inc. (“Tellus”), the proptech company behind the Tellus savings app, today announced three upgrades to Stacks, the custom sub-accounts in the Tellus app. Stack goals are now optional, customers can add a goal date to a Stack, and money can be withdrawn from a Stack directly to a linked bank account. The upgrades are available on iOS and Android.
Stacks let customers set money aside for things like a vacation, a pet fund or an emergency fund. Customers earn the same rate on money in a Stack as on their Boost Account. Based on customer feedback, Stacks no longer require a target amount. Customers can create a Stack just to organize their money, and add a goal later if they want one.
What customers get:
- Optional goals. Skip the goal step when creating a Stack, add a goal later, or remove a goal from an existing Stack.
- Goal dates. Add a target date when setting a Stack goal, and edit it later.
- Progress when it matters. Stacks with a goal show progress toward it. Stacks without a goal simply show their balance.
- Withdraw straight to the bank. Move money from a Stack directly to a linked bank account, without first moving it to the Boost Account.
- Same rate as the Boost Account. Customers earn the Boost Account’s rate on money in their Stacks, and an active Boost also applies to Stacks.
How it works:
- Create a Stack from the Stacks tab. Give it a name and emoji, then set a goal amount and goal date, or skip the goal.
- To add, edit or remove a goal later, open the Stack and change its Stack Goal settings.
- To withdraw, start a transfer from the Stack and choose a linked bank account as the destination. The transfer appears in the Stack’s transactions as a withdrawal.
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 Stacks 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
