Seabank Interest Calculator with compounding interest provides you information on how much you earn per day from seabank in compound by providing specific amount, current seabank interest rate and number of days you want to hold or save the money in your seabank account. The current withholding tax is 20%.

I must say that the Daily Compounding Interest of SeaBank is one of their edges from other digital banks. This is an advantage to us savers since the interest that we earn everyday is added to the our initial deposit which means that we will earn a higher interest the next day. Note that we can earn up to 5% p.a. based on the amount of our previous day balance.

Additionally, the 5% p.a. interest only applies to account balance of under PHP 250,000. Any amount in excess of PHP 250,000 will earn 3% p.a. interest rate. Withholding tax still applies.

You may also refer to the official SeaBank website for more information https://www.seabank.ph/product/savings

Please refer to the link below to know more about Seabank

Seabank Interest Calculator