Seashell is a platform that connects you to a network of financially regulated institutions to grow your money outside of traditional markets.Seashell gives you access to growth previously only accessible to institutions. By simply connecting your bank and transferring funds into Seashell, your money will start generating competitive interest.
Similar to Cash App, Chime, Robinhood, and other popular financial technology products, Seashell is not a bank. We’re a financial technology company that builds products, like Seashell, that give you access to a best-in-class partner ecosystem to help you earn meaningful interest on your money.
Unlike other experimental high-yield products in the market, Seashell provides access to financially regulated institutions that invest in both traditional and non-traditional assets. We prioritize a compliance-first strategy to ensure we’re complying with the latest financial and technology protections.Unlike traditional savings accounts that offer near-zero interest rates, Seashell gives you access to up to 50 times that.
Due to federal and state regulations, Seashell will be available initially to U.S. based accredited individuals. Learn more about accreditation criteria here. We’re working closely with federal and state authorities to offer Seashell to more individuals moving forward.
Seashell connects your money to a diversified ecosystem of financially-regulated institutional partners that help you earn interest on your money. These institutions attract borrowers who are willing to pay higher interest fees and we pass on these gains to you. As a result, your money is generating competitive yields, leaving you with more money in your pocket.
Seashell uses the most up-to-date security measures including robust end-to-end encryption, multi-factor authentication, and 24/7 security monitoring. As detailed in your account agreements, Seashell is not FDIC insured and there is a risk that your investment may lose value. Your money is our priority and we continuously monitor the lending activities of our institutional partners in order to ensure protection of your investment.
Interest rates offered by the Seashell network are determined by a series of measures, such as the amount of money you’ve transferred and the length of time you've held an account with Seashell.Over time, you will be able to grow your money faster through promotions and additional actions you take in the Seashell app.
While interest rates offered by the Seashell network may fluctuate based on market conditions, users can be assured that we are committed to offering competitive rates to our users at any given time.
Transfers to and from Seashell are easy and seamless. Transfers are facilitated by Plaid through the industry-standard ACH process. Money transfers may take up to 1-5 business days to complete.
Seashell is free to set up and download. No minimum balances.
Seashell earnings are taxable. We’ll send you the required tax documents during tax season. If you hold funds in Seashell for over a year, you may be eligible for a long-term capital gain tax rate; please consult with a tax advisor to confirm.
Many financial institutions take your deposits to loan and invest in projects that often contribute to air and ocean pollution. At Seashell, we take a different approach: our ecosystem donates a portion of our proceeds to green initiatives that protect our world's oceans and water supply. By using Seashell, you’ll have a direct impact in giving back to the environment.
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