Use this free compound interest calculator to estimate how much your SeaBank savings can grow when daily interest is reinvested. Enter your deposit amount, the current annual interest rate, and how many days you plan to save. The tool applies a 20% withholding tax and shows a day-by-day breakdown so you can compare scenarios before moving money.

MariBank (formerly Seabank) credits interest daily. Because the interest earned each day is added to your account balance, future interest calculations are based on a slightly larger amount. This process is known as compounding and allows your savings to grow faster than simple interest.

MariBank (formerly Seabank) with compounding interest provides you information on how much you earn per day from MariBank in compound by providing specific amount, current MariBank 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 benefits savers because the interest earned each day is added to the account balance, allowing future interest to be calculated on a larger amount. Note that we can earn up to 3.25% p.a. based on the amount of our previous day balance.

Additionally, the 3.25% 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 MariBank