Thursday, June 24, 2021

Tellus App Review

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Sign up now to earn up to 6% APY for a limited time. Use code 5J6HT4 to boost your starting interest rate of 3%. 
Note: Tellus is not FDIC insured. FDIC stands for "Federal Deposit Insurance Corporation" and its only function is to insure banks in the event of bank failures. This means that if a bank fails the insurance covers customer deposits in that bank up to $250,000 per customer. Tellus is not a bank, so becoming FDIC insured does not apply to them. Your deposits are protected by a pool of recorded deeds of trust. NEW FEATURES: 1. In-app referral and easy-to-track flow. Share your unique referral code and you will automatically be rewarded with referral boosts! 2. Zelle deposit option 3. Calculator tab and feature option to view potential earnings 4. New wire transfer flow About ► Tellus is built for Savers, who use its high-yield cash account to earn a higher rate of return than they would get from their bank or credit union, and Owners, who use its suite of property management tools to manage their rental properties with ease ► Funds that are deposited in the Tellus Boost account by Savers are used to issue loans to Owners ► Loans to Owners are secured by their property or real estate like a mortgage ► Loans typically have interest rates that exceed the amount paid to Savers for those funds Major reasons to consider Tellus Boost for your savings: ► High-yield savings solution (remember not a "savings account") ► No fees ► 3% APY as a baseline rate on entire balance, pay and compound interest every day ► Every deposit starts earning interest right away ► App is very easy to use and simple to understand ► Boosts allow you to increase your rate even further. Each boost has a varying effect, ranging from a simple additive increase to your rate, all the way to a multiplier that doubles your rate to 6% APY ► Limited time on boosts available for daily login and daily quiz ► Stellar customer service ► Tellus does not sell your personal data to anyone Worth noting: ► Not a savings account and not a bank, since FDIC insurance is only available to member banks, it is not available for Tellus Boost. However, that does not mean that Tellus Boost is an unsafe alternative to traditional banking ► There is a 60-day aging requirement for ACH transfers, Aging is not required for funds transferred to Tellus via a wire transfer or Zelle ► minimum balance of $200 required to accrue daily interest
Sign up now to earn up to 6% APY for a limited time. Use code 5J6HT4 to boost your starting interest rate of 3%.