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Last Updated: 04/18/2025

Tellus High-Yield Savings

in Savings Accounts from Tellus Inc

Last Updated: 04/18/2025

Rating not yet determined1 total votes

1 users recommend

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Highlights

APY (Annual Percentage Yield)

4.50% - 5.90%(Verified 06/21/2024)

Minimum Opening Deposit

Starting at $125

Minimum Balance to Earn APY

$125

Tellus High-Yield Savings Review

Tellus High-Yield Savings is offered by Tellus Inc, a nonbank financial services provider founded in 2016 and based in Palo Alto, CA. Tellus Savings Account are available in 50 states and Washington, DC.

Key Takeaways

High yield savings. This account offers an annual percentage yield of up to 5.90%, which is much higher than the average interest rate for a savings account. However, you must meet minimum balance requirements for higher APYs.
No monthly maintenance fees. This account does not charge any monthly account fees.
$125 minimum opening deposit. This is a typical minimum initial deposit.

Tellus Savings Account Pros & Cons

Pros

Cons

Available in 50 states and Washington, DC.
High yield APY .
Access to a nationwide network of ATMs.

Does not offer mobile check deposits.
Does not come with a debit card
Not FDIC-insured.
No signup bonus.

Tellus Savings Account FAQ

Are savings accounts from Tellus app federally insured?

No, your Tellus Inc savings accounts are not insured by a federal insurance agency. This means that if Tellus Inc were to fall into financial difficulties, your deposits are not covered by a government-backed insurance fund like the FDIC or NCUSIF.

Does Tellus Inc offer a signup bonus?

Tellus Savings Account doesn't offer a signup bonus.

What is the minimum initial deposit for Tellus Savings Account?

The minimum deposit to open a Tellus Savings Account is $125.

Tellus High-Yield Savings Minimums

Description

Minimum Balance to Earn APY

$125

Minimum Opening Deposit

Starting at $125

What APY does Tellus High-Yield Savings offer?

Tellus Savings Account offers a variable APY starting at 4.50% and ranging up to 5.90% (APY stands for annual percentage yield, rates may change). This is much higher than the national average rate for savings accounts.

What fees does Tellus Savings Account charge?

Tellus Savings Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.

What features and perks does Tellus Savings Account offer?

This savings account includes the following features:

Nationwide ATM network - Conveniently transact at a nearby ATM.

Can you set up a direct deposit to Tellus Savings Account?

Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.

What is the customer support email for Tellus Savings Account?

The customer support email for Tellus Savings Account is support@tellusapp.com.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters

350 Cambridge Ave

Suite 50

Palo Alto, CA 94306

Visit Site

Email Support

Hours of Operation

Sunday

All Day

Monday

All Day

Tuesday

All Day

Wednesday

All Day

Thursday

All Day

Friday

All Day

Saturday

All Day

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SuperMoney Net Recommendation Score

Not enough SuperMoney users have reviewed this product to provide a recommendation score or rating.

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The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.

Tellus High-Yield Savings Community Reviews

Would you recommend Tellus High-Yield Savings to your friends?

Lashane H.

Jan 25, 2023

May or may not recommend

Tellus is an excellent option to bridge the market gap, by offering a high-yield cash management account backed by real-estate investments with a 3% and up annual percentage yield (APY) that compounds daily. That’s not all Tellus does, it also offers other financial services to help you build wealth.

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