Why SeaBank is a Smart Place to Save: Daily Interest, Free Transfers, and Cashback
Digital banking is changing how Filipinos manage their money. One of the strongest options today is SeaBank, a secure and convenient mobile bank backed by Sea Group, the company behind Shopee and Garena.
SeaBank combines daily interest, free transfers, and cashback promos, making it one of the most practical digital banks in the Philippines.
Free Transfers to Banks and E-Wallets
With SeaBank, you can send money to other banks and e-wallets for free through InstaPay and PESONet. This makes it almost as convenient as GCash but with the added benefit of interest on your savings. Whether you are paying bills, transferring to family, or topping up your e-wallet, you avoid unnecessary fees.
3.5% Daily Interest Crediting
SeaBank currently offers 3.5% interest per annum, credited daily. Balances up to ₱1,000,000 earn 3.5% while amounts above still earn 3.0%.
Because interest is paid every midnight, your savings compound faster compared to traditional banks that only credit monthly. This makes SeaBank especially useful for emergency funds where your money needs to stay liquid while still growing.
Plan Savings With the SeaBank Interest Calculator
If you want to see how much your savings can grow, SeaBank provides an Interest Calculator. By entering your planned deposit amount, you can check your estimated daily and yearly earnings. It is a great way to compare how much more you earn versus traditional banks.
A Digital HYSA Alternative
SeaBank works like a High Yield Savings Account (HYSA) that is simple and accessible:
No maintaining balance
Daily interest crediting
Fully liquid funds (withdraw anytime)
PDIC-insured up to ₱1,000,000 per depositor
This setup makes it ideal for short-term savings or emergency funds.
Cashback When Paying Bills
SeaBank also offers ₱5 cashback when you pay at least ₱500 worth of bills in a single transaction through the app. It is a small but useful perk that adds extra value to your monthly bill payments.
Get PHP 50.00 now by signing up with SeaBank using my referral code:
MG664973
👉 Click here to open a SeaBank account and claim your ₱50 bonus
Final Thoughts
SeaBank combines daily compounding interest, free money transfers, and bill payment perks into one easy-to-use app. It is convenient like GCash but much better suited for saving and growing your money while keeping it accessible.
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