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SeaBank Philippines Announces Interest Rate Drop to 4.5%

SeaBank Philippines Lowers Interest Rate to 4.5% - BitPinas
  • SeaBank Philippines has announced an adjustment in its interest rates, with a competitive rate of 4.5% offered for the first ₱250,000 in deposits.
  • The interest adjustment will be effective from July 13, 2023.
  • SeaBank offers mobile banking services, free transfers to other banks and e-wallets, round-the-clock customer service, and discounts on mobile load transactions.

Rural bank SeaBank Philippines, recently announced an adjustment in its interest rates, effective from July 13, 2023. The new interest rates entail a rate of 4.5% for the first ₱250,000 in deposits.

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SeaBank Interest Rates

A 0.5% less from its prior rates, the initial ₱250,000 in deposits now earn a competitive rate of 4.5%. Moreover, any additional balances will accrue interest at a rate of 3%.

“We’re grateful for your continued trust in us. We remain committed to providing you with personalized support and innovative financial solutions,” the bank posted. 

(Read more: CIMB Bank “Thank You Blowout Promo” Offers 12% Interest Rate)

SeaBank Philippines interest rate adjustment

Other Perks

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SeaBank’s range of offerings includes safe, secure, and reliable mobile banking services, allowing customers to conveniently manage their accounts anytime, anywhere. Furthermore, customers can enjoy the benefit of free transfers to other banks and e-wallets, simplifying their financial transactions.

In addition, SeaBank promises that customers can benefit from round-the-clock live customer service, ensuring their concerns are addressed promptly and efficiently. Another perk of banking with SeaBank is the availability of discounts on mobile load transactions.

(Read more: PH Digital Bank Tonik Reaches 1 Million Users Milestone)

SeaBank Philippines interest rate adjustment New

What is SeaBank?

SeaBank Philippines, Inc. is a mobile banking app. It is a subsidiary of Sea Limited (NYSE: SE), a Singapore-based global consumer internet company listed on the New York Stock Exchange. Sea Limited operates various businesses including digital entertainment, e-commerce (Shopee), and digital payments/financial services (SeaMoney).

This article is published on BitPinas: SeaBank Philippines Announces Interest Rate Drop to 4.5%

Disclaimer: BitPinas articles and its external content are not financial advice. The team serves to deliver independent, unbiased news to provide information for Philippine-crypto and beyond.