Finding a bank that offers high-interest savings accounts in today’s financial market might be difficult. SeaBank, on the other hand, stands out as a top pick for people looking to optimize their savings. SeaBank is an appealing alternative for anyone wishing to expand their wealth, with an exceptional yearly interest rate of 5% credited daily. In this article, we’ll look at what distinguishes SeaBank and why it’s worth considering for your banking needs.

ABOUT SEABANK

SeaBank is a digital bank owned by Sea Money, a subsidiary of Sea Group, which is also the parent company of Shopee. The bank is approved by the Bangko Sentral ng Pilipinas (BSP), PDIC-insured, and registered with the Securities and Exchange Commission (SEC). One of the most notable features of Sea Bank is its high-interest rate of 5% annually, credited daily, compared to traditional banks that only offer 0.0625% annually credited quarterly.

PROS AND CONS OF USING SEABANK

PROS

  1. High-interest rates (5% annually, credited daily)
  2. No minimum balance
  3. No transfer fees
  4. Easy and fast account opening process

CONS

  1. No bills payment or investment options
  2. No ATM card

HOW TO OPEN AN ACCOUNT IN SEABANK

  1. Download the Sea Bank app from the Apple App Store, Google Play Store, or Huawei App Gallery.
  2. Sign-up using a mobile number, Apple, or Shoppee.
  3. Undergo facial verification.
  4. Upload your ID and complete personal details.
  5. After completing these steps, wait for a confirmation or notification that you have been fully registered.

CONCLUSION

In conclusion, SeaBank provides a high-interest rate of 5% per year, credited daily, making it a top choice for people wishing to maximize their savings. Seabank makes banking convenient and accessible for everyone by offering a simple and quick account setup process, no minimum balance requirement, and no transfer fees. However, it is important to consider Seabank’s limitations, such as the lack of bill payment or investment options, as well as the lack of an ATM card. Overall, Seabank is a good option for consumers who value high-interest rates and ease of use in their banking.

Photo of SeaBank App download page
SeaBank Philippines, A Digital Bank Offering High-Interest Savings

Open an account now…

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Categories: Banks Living in the Philippines
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