What has the money in your savings account been doing for you? If it feels like not much, you’re not wrong. You do your part to be responsible, diligently putting money into your savings only to earn a few measly bucks at the end of the year.
It doesn’t seem fair, does it?
But a free savings account from Tellus is different. It pays you up to 4.50% APY — 75 times the national average interest rate. Plus, the interest compounds daily.
How to Earn up to 75x the National Average Interest on Your Savings
The average traditional savings account pays just 0.06% APY.1 Tellus is different. It pays its members up to 4.50% APY on their savings — 75 times that amount.
These kinds of earnings are usually only available to the elite via private equity. So how does Tellus afford to pay the rest of us such high interest rates? Tellus is backed by residential real estate — which means your money isn’t subject to the rollercoaster of the stock market or crypto, and it’s not tied up in investments when you need it.
Here’s how it works: Your money helps Tellus provide short-term, collateralized loans to reputable landlords and developers looking to make property improvements in prime areas. Then, Tellus passes along money from their profits to you in the form of high-yield interest.
The best part? Your account is completely liquid. You can reap the benefits of real estate investment without your money being tied up. You can get your hands on your money whenever you want to, though its compounding daily interest makes a compelling case for letting it grow.
Tellus’ accounts offer two options for high-yield savings.
The Reserve account will net you 4.5% APY, up to $2,500 in earnings. And the Boost Account could earn you as much as 6% APY by applying promotional boosts to your savings.
Boost accounts also let you partition your savings into custom categories, like “vacation,” “tuition” or “down payment,” so you can save toward specific goals.
And don’t worry — Tellus uses bank-level, 256-bit AES encryption and connects to your account using Plaid and Stripe. That’s all fancy talk for: Your money’s safe.
To top it all off, Tellus also offers unlimited $20 cash referral bonuses to you and anyone you refer.
Ready to grow your savings up to 75 times faster? It’s easy to get started with Tellus.
It takes just a few minutes to create an account — just download the Tellus app here. There’s no credit check required, and you can get started with as little as $150.
1 based on the Monthly Rate Cap data from the FDIC for July 2022.