Heads-up, savers! SeaBank Philippines now offers a 4% per annum interest rate on savings balances up to ₱400,000, with daily crediting. Any excess beyond ₱400,000 will earn 3% per annum, still credited daily.
SeaBank Savings Rate at a Glance
| Category | Interest Rate | Notes |
|---|---|---|
| Balances ≤ ₱400k | 4.00% p.a. | Credited daily |
| Balances > ₱400k | 3.00% p.a. | Excess balance earns 3%, still credited daily |
| Minimum Balance | None | No required deposit or maintaining balance |
| Promo Requirement | None | No tasks, no gimmicks |
| Crediting | Daily | Even on weekends and holidays |
Why It Matters
- Consistent high rate – 4% p.a. on ₱400,000 is among the highest in the PH digital banking space.
- Daily compounding – Your interest earns interest every day.
- No tricks – Unlike promo-based banks, SeaBank’s rate is straightforward and predictable.
- Instant access – Withdraw anytime, no fees, with up to 15 free InstaPay/PESONet transfers weekly.
How It Compares (As of July 2025)
| Bank | Base Rate (p.a.) | Crediting | Rate Cap |
|---|---|---|---|
| SeaBank | 4.00% | Daily | ₱400,000 |
| GoTyme | 3.50% | Monthly | No cap |
| Maya | 3.50% base, up to 15% promo | Monthly | ₱100,000 (promo cap only) |
| UNO Digital | ~4.00% | Monthly | No cap |
| CIMB | 2.5 – 2.6% base, up to 8–10% p.a. (or more in past promos) | Monthly promo/deposit | Cap applies: bonus on first ₱100K of growth |
Note: Maya’s high promotional rate is task-based and capped at ₱100,000. For balances above that, SeaBank and GoTyme offer better yields
Best Use Cases
- Keep up to ₱400,000 in SeaBank for max daily-compounding gains.
- Park excess funds in GoTyme (3.5%) or UNO to diversify.
- Use Maya or CIMB only for short-term boosts if you consistently complete missions, and for max 100K.