This Secret High Yield Account Pays You Up to 40x the Average Interest Rate
What has the money in your bank 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 account from Tellus is different. It rewards you with up to 4.50% APY — 40 times the national average interest rate. Plus, the interest compounds daily.
How to Earn up to 40x 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 — 40 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 landlords and aspiring homeowners. 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 withdraw money at any time. Withdraw any amount. Withdrawal or deposit as frequently as you’d like. You can reap the benefits of real estate wealth accretion 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 multiple approaches 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 if you actively engage and apply boost rewards 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.
Tellus also offers Vault Accounts — a cash account that lets you lock in a high interest while you lock up at least $1,000 of your money for six, 12 or 24 months.
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 offers a 10% APY for seven days to you or anyone you refer.
Ready to grow your savings up to 40 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 fee to use Tellus and no credit check required, and you can get started with as little as $120.
1 Based on the Monthly Rate Cap data from the FDIC for July 2022.
* Tellus is a financial technology company, not a bank. Your Tellus account is not FDIC insured. Banking services are provided by Chase Bank and Silicon Valley Bank; members, FDIC. Payment solutions are provided by Stripe and Plaid.