Tellus is a financial platform that allows users to earn interest on their deposits through two main account types: Boost and Reserve. The Boost Account offers a minimum of 5.59% APY on balances up to $5 million, with opportunities to increase returns through daily Boost rewards. The Reserve Account provides 8.00% APY on balances up to $2,500. Interest is paid daily on both accounts.
Key features include no subscription fees, no charges for transfers or withdrawals, and no required direct deposit. Users can start with as little as $125, set up recurring transfers, and access their funds at any time without penalties. The platform uses bank-level security (AES-256) for protection.
It is important to note that Tellus is not a bank and is not FDIC insured. All financial projections are estimates and not guaranteed. The service relies on third-party payment processors like Stripe and Plaid, and users should be aware that their own banks may impose separate fees.
Customer testimonials, such as one from a user named Ron, highlight positive experiences with customer service and competitive interest rates.
