MariBank Savings Account: Earn up to 2.88% p.a. as a new user

What happened?

MariBank has become a popular option for savers looking for a straightforward savings account without salary crediting, minimum spending or complicated bonus requirements.

The Mari Savings Account currently offers a base interest rate of 0.88% p.a., with interest calculated and credited daily.

MariBank has also introduced additional bonus interest for eligible new users and ShopeeVIP members, allowing them to earn up to 2.88% p.a. for a limited period.

In this article, I look at how the Mari Savings Account works, how much interest you may earn and whether it is worth considering for your savings.

What is MariBank? 

Owned by Shopee’s parent Sea Group Ltd, MariBank has been progressively rolling out its digital banking services since the third quarter of 2022.

MariBank is a digital bank which currently offers the Mari Savings Account for individual customers, as well as the Mari Business Account and Mari Business Loan for corporate customers. 

Apart from the Mari Savings Account, MariBank now offers products including fixed deposits, debit and credit cards, overseas transfers, personal loans and various Mari Invest products.

What is the interest rate on MariBank Savings Account? 

MariBank offers the Mari Savings Account that provides customers with an interest rate of 0.88% p.a. as of 4 August 2026.

You will be able to earn this interest rate with no minimum deposit required, no salary crediting, and no minimum spending necessary.

The interest earnings are credited to your account daily, calculated based on the previous day’s balance.

There are no transfer fees and fall-below fees for the Mari Savings Account.

Under the Mari Savings Account Bonus Interest Promotion, eligible users may earn additional interest on top of the base rate.

New users can earn 2.48% p.a. for 30 days

New Mari Savings Account users can earn an additional 1.60% p.a. on top of the base rate for the first 30 days after successfully opening their account.

This brings the total interest rate to 2.48% p.a. on the first S$100,000.

The 30-day period starts from the date the account is opened, rather than the date funds are deposited.

As such, I would transfer any intended savings into the account soon after opening it to maximise the benefit of the promotion.

ShopeeVIP members can earn an additional 0.40% p.a.

MariBank customers with an active ShopeeVIP membership can earn an additional 0.40% p.a.

To qualify, customers need to:

• Link their Shopee account to MariBank
• Maintain an active ShopeeVIP membership
• Claim the bonus through the MariBank app

The ShopeeVIP bonus is available to both new and existing MariBank users.

As a result, a new user who qualifies for both bonuses can earn up to 2.88% p.a.

What users may like about the Maribank savings account

#1 - No salary crediting or card spending required

One of the main attractions of the Mari Savings Account is its simplicity.

The key benefit of MariBank is that you do not have to jump through hoops to earn the interest rate of 0.88% p.a. 

On top of that, you can also use PayNow to send and receive money instantly with your MariBank savings account.

There is also no minimum deposit requirement or fall-below fee.

#2 – Interest is credited daily

MariBank calculates interest based on your end-of-day account balance and credits it daily.

This allows users to see interest being added to their account regularly instead of waiting until the end of the month.

While daily crediting does not significantly increase returns compared to monthly crediting, it does make it easier to track how much interest is being earned.

#3 - MariBank Debit Card: Earn Cashback with No Minimum Spend or Fees

MariBank offers the Mari Debit Card, which is automatically issued when you open a Mari Savings Account. 

The card lets you spend directly from your savings account with no annual fee and no minimum spend required. 

You can also earn unlimited cashback: 0.5% on local spend and on foreign-currency spend, making it useful for everyday purchases and travel.

#4 - Access to Mari Invest to earn a potentially higher yield

Apart from the Mari Savings Account, MariBank also offers Mari Invest as a low risk way to earn higher projected returns.

Mari Invest is a cash management account which offers access to investment products including the Lion-MariBank SavePlus fund. 

Mari Invest aims to provide higher projected returns compared to SGD fixed deposits and greater flexibility in managing your cash.

What I like about Mari Invest is that you can invest from as little as S$1.

You can also receive your cash instantly if your withdrawal is within the current limit of S$10,000 per investor daily, subject to availability.

However, do note that as an investment product, returns are not guaranteed, and historical returns are not indicative of future performance. 

Also, the annual management fee of the Lion-MariBank SavePlus Fund was raised to 0.25% p.a. from the launch promotional rate of 0.125% p.a.

This is higher than the expense ratio of the Fullerton SGD Cash Fund of 0.15% p.a.

To learn more about how Mari Invest compares to other cash management accounts, read our guide to the best cash management accounts in Singapore.

#5 – Attractive short-term bonus for new users

The Mari Savings Account currently offers one of the higher fuss-free promotional rates available for new customers.

New users can earn 2.48% p.a. on the first S$100,000 for the first 30 days without needing to meet salary crediting or spending requirements.

Those who already have an active ShopeeVIP membership can earn an additional 0.40% p.a., bringing the rate to 2.88% p.a.

For savers who are completely new to MariBank, this can be a simple way to earn a higher return on idle cash for a short period.

What users may not like about MariBank

#1 – The new-user bonus lasts for only 30 days

The additional 1.60% p.a. new-user interest applies for only the first 30 days after the account is successfully opened.

After the 30-day period, the interest rate falls back to the prevailing base rate of 0.88% p.a.

Users with an active ShopeeVIP membership may continue earning an additional 0.40% p.a., bringing the total rate to 1.28% p.a.

Hence, the account may look attractive during the new-user promotional period, but it is important to reassess the rate after the first month.

#2 – The base rate is lower than some fuss-free alternatives

Without the temporary new-user and ShopeeVIP bonuses, the Mari Savings Account earns 0.88% p.a.

This is lower than the 1.08% p.a. currently offered on GXS Saving Pockets.

Hence, I would compare the ongoing interest rate after the MariBank new-user bonus ends, especially if I intend to keep the cash in the account for longer.

#3 – No physical branches or ATMs

MariBank does not have physical branches or ATMs for cash deposits and withdrawals.

The Mari Debit Card also cannot be used to withdraw cash from ATMs.

This may be less convenient for users who regularly require physical banking services, although funds can still be transferred electronically through PayNow and FAST.

How does MariBank compare to GXS Bank and Trust Bank

In case you’re wondering how does MariBank compare to GXS bank and Trust Bank, I've compiled them in the table below.

MariBank's base interest rate of 0.88% p.a. is lower than the interest rate offered by GXS Saving Pockets without any additional requirements.

Trust Bank offers a higher interest rate of up to 2.40% p.a., but you’ll need to meet requirements such as salary crediting, investing, and referring a credit card customer. 

Is MariBank safe?

MariBank holds a banking license issued by the Monetary Authority of Singapore. 

It is backed by Sea Limited, which many might be familiar with as it is the tech company behind Shopee. 

Also, all Singapore dollar deposits in MariBank Savings Account will be fully covered by the Singapore Deposit Insurance Corporation (SDIC) up to S$100,000 per depositor.

What are the eligibility requirements for the MariBank Savings Account?

The eligibility criteria for opening the Mari Savings Account is to be a resident in Singapore and at least 18 years of age.

MariBank now accepts foreigners with valid passes to open a Mari Savings Account.

The full terms and conditions of the Mari Savings Account can be found here. 

You can also find the frequently asked questions here.

How do I sign up for the MariBank Savings Account? A step-by-step guide to opening a MariBank Savings Account

MariBank is now open to the public, and we were able to set up a MariBank Savings Account without being a selected Shopee user. 

You can open an account with these steps: 

Step #1 - Download the MariBank app from the Apple App Store, Google Play Store, or Huawei AppGallery

Search for maribank in the Apple App Store, Google Play Store, or Huawei AppGallery, and download the app.

Step #2 - Register for a MariBank account with a valid Singapore mobile number

You can register using a valid Singapore mobile number, or choose to continue with your Shopee/Apple account.

You will then be asked to create a password. The password must be 8-16 characters long, including both alphabets and numbers. 

Once you have signed up, you will be able to apply for a MariBank Savings Account using your SingPass.

Step #3 - Open a Mari Savings Account digitally with Singpass Myinfo

Next, apply for a Savings Account using your SingPass.

You will be asked to put in additional details, such as your occupation and annual income.

Once your application has been approved, you will receive a notification. 

What would Beansprout do?

I use savings accounts as one way to park my cash within my liquidity pot and ensure that I have enough set aside for emergencies and upcoming expenses.

If I am completely new to MariBank, I would consider opening a Mari Savings Account during the promotion for cash that I want to keep accessible.

I can earn 2.48% p.a. on the first S$100,000 for the first 30 days without crediting my salary, spending on a card or subscribing to ShopeeVIP.

If I already have an active ShopeeVIP membership and use its shopping benefits, I would link my Shopee account and claim the additional 0.40% p.a. bonus. This would bring the rate to 2.88% p.a. on the first S$100,000 for the 30-day period.

However, for existing users, the interest rate of 0.88% p.a. offered by MariBank is lower than the GXS Savings Account, which is offering an interest rate of 1.08% p.a. on their Savings Pockets.

If you're looking for another fuss free option, the UOB Stash account can be one to consider as it has an effective interest rate of 1.50% p.a on a S$100,000 balance. Not to mention, there's the UOB Level Up Your Savings Promotion where you can earn up to S$500 in guaranteed cash. 

To find out which savings account allows your money to work harder, check out our guide to the best savings account with highest interest rates in Singapore 

If you are deciding where to park your cash, you can also explore how the Mari Savings Account fits into the broader Liquidity Pot within Beansprout's Four Pot of Wealth, alongside fixed deposits, Singapore T-bills and Singapore Savings Bonds and money market funds.

If you are interested in opening a Maribank account to access Mari Invest, you can learn more about choosing the best cash management account with our comprehensive guide. 

Once you have already set aside enough cash for your safety buffer and upcoming expenses, you may also want to explore how the Four Pots of Wealth framework can help you grow your wealth beyond savings accounts, as well as read our beginner’s guide to start investing in Singapore.

To explore ways to grow your money beyond savings accounts, check out our our guide to best ways to earn a passive income in Singapore.

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