MariBank Interest Rate 2026: Savings, Loans & What You Need to Know
Updated June 2026 | Digital Banks | 8 min read
MariBank’s interest rate for savings sits at 2.88% p.a. as at June 2026 — one of the highest offered by any digital bank in Singapore with no minimum balance required. Backed by Sea Limited (the parent of Shopee and SeaMoney), MariBank also offers personal loans at competitive rates, making it a one-stop digital banking option for Singaporeans who want straightforward, high-yield savings without the salary crediting hoops of traditional banks.
Not financial advice. All figures are for educational reference only. Data as at June 2026 unless noted.
MariBank Savings Interest Rate (2026)
As at June 2026, MariBank offers a flat 2.88% p.a. on its savings account — with no minimum balance, no salary crediting requirement, and no tiered conditions to unlock the rate. Every dollar you deposit earns the same rate from day one.
This flat-rate model is MariBank’s key differentiator. Traditional banks like DBS and OCBC advertise headline rates of 4–7% p.a., but these figures require meeting multiple conditions simultaneously — salary credit, card spend, insurance premiums, and investments — that most retail customers cannot realistically hit each month. MariBank’s 2.88% is clean and unconditional.
| Account Feature | MariBank Details |
|---|---|
| Base Interest Rate | 2.88% p.a. |
| Minimum Balance | None |
| Salary Credit Required? | No |
| Card Spend Required? | No |
| Interest Credited | Monthly |
| Max Balance Earning Interest | $75,000 (at full rate) |
| SDIC Protected | Yes — up to S$100,000 |
Source: MariBank official website, June 2026
Interest is compounded and credited monthly. If you deposit S$50,000, you’d earn approximately S$1,440 per year (S$120/month) at 2.88% p.a. — without doing anything beyond keeping the funds in the account.
Source: MariBank, GXS Bank, Trust Bank, DBS, OCBC — June 2026. Base/unconditional rates shown.
How MariBank Compares to GXS & Trust Bank
Singapore now has three fully digital MAS-licensed banks competing for your savings: MariBank (backed by Sea Limited), GXS Bank (backed by Grab-Singtel), and Trust Bank (backed by Standard Chartered and FairPrice Group). Here’s how their savings rates stack up:
| Feature | MariBank | GXS Bank | Trust Bank |
|---|---|---|---|
| Base Savings Rate | 2.88% p.a. | 2.68% p.a. | 2.50% p.a. |
| Conditions Required | None | None | None (base) |
| Min. Balance | None | None | None |
| Max Balance (Full Rate) | $75,000 | $75,000 | $75,000 |
| Backed By | Sea Limited (Shopee) | Grab-Singtel | Standard Chartered |
| MAS Licensed | ✅ Yes | ✅ Yes | ✅ Yes |
| SDIC Protected | ✅ Up to $100k | ✅ Up to $100k | ✅ Up to $100k |
| Personal Loan | ✅ Yes | ✅ Yes | ❌ No |
| Referral Bonus | ✅ Available | ✅ Available | ✅ Available |
Source: MariBank, GXS Bank, Trust Bank official websites — June 2026. Rates subject to change.
Bottom line: MariBank currently leads the three digital banks on raw savings rate (2.88% vs 2.68% vs 2.50%). The 0.20% difference over GXS Bank translates to an extra S$200 per year on a S$100,000 deposit — meaningful for a passive, effort-free saving strategy.
If you’re already a Shopee user or receive income via SeaMoney/ShopeePay, MariBank integrates naturally into your financial ecosystem. If you’re a Grab user, GXS Bank offers comparable benefits with slightly lower rates. See our guide to MariBank referral code and sign-up bonus to maximise your opening rewards.
MariBank Loan Interest Rate
Beyond savings, MariBank offers personal loans to eligible Singapore residents and PRs. Loan rates are personalised based on your creditworthiness and loan tenure, but MariBank has published indicative rates that compete favourably with traditional bank personal loans.
| Loan Feature | MariBank Details |
|---|---|
| Effective Interest Rate (EIR) | From 3.4% p.a. (EIR approx. 6.34%) |
| Loan Amount | S$1,000 – S$10,000 (up to 2× monthly income) |
| Tenure | 3 – 12 months |
| Processing Fee | None stated (confirm in-app) |
| Early Repayment | Allowed (no penalty stated) |
| Eligibility | Singapore Citizens & PRs, age 21+, income ≥ S$20,000/yr |
Source: MariBank official website — June 2026. Actual rates depend on individual credit assessment.
The flat interest rate is deceptive — when converted to EIR (Effective Interest Rate), MariBank’s personal loan costs more than the headline rate suggests. This is standard across all personal loan products in Singapore. Always compare EIR, not the advertised flat rate, when shopping for loans.
For larger loan needs or longer tenures, traditional banks (DBS, OCBC, UOB) still offer competitive EIRs for well-qualified borrowers. MariBank’s loan product is best suited for short-term needs of S$1,000–S$10,000.
Annual interest earned on deposits of S$10k–S$100k at published rates. Source: MariBank, GXS Bank, Trust Bank — June 2026.
How Much Interest Will You Earn with MariBank?
Here’s a quick reference table for how much interest a Singapore saver can expect to earn with MariBank at 2.88% p.a., across common deposit amounts:
| Deposit Amount | Monthly Interest | Annual Interest |
|---|---|---|
| S$5,000 | S$12 | S$144 |
| S$10,000 | S$24 | S$288 |
| S$20,000 | S$48 | S$576 |
| S$30,000 | S$72 | S$864 |
| S$50,000 | S$120 | S$1,440 |
| S$75,000 (max) | S$180 | S$2,160 |
Calculated at 2.88% p.a. — June 2026. Amounts above S$75,000 may earn a lower rate.
For a family of two, splitting S$75,000 each across two MariBank accounts (one per person) effectively lets you earn S$4,320/year in hassle-free interest — equivalent to a side income of S$360/month with zero active management. To maximise long-term wealth growth beyond savings, consider pairing MariBank with an investment platform — see our Endowus referral code for robo-advisory investing or explore passive investing via Syfe’s referral code and sign-up bonus.
MariBank Pros & Cons
No bank is perfect for everyone. Here’s an honest assessment of MariBank’s strengths and weaknesses for Singapore savers in 2026:
| ✅ Pros | ❌ Cons |
|---|---|
| 2.88% p.a. — no conditions | Limited ATM network (app-only banking) |
| No minimum balance requirement | Max S$75,000 at full rate |
| MAS-licensed digital bank | Loan amounts capped at S$10,000 |
| SDIC-insured up to S$100,000 | No debit card for physical spending |
| Instant account opening (Singpass) | No fixed deposit / investment products |
| Personal loans available in-app | Customer service still maturing |
| Referral bonuses for new sign-ups | Rate not guaranteed — can change |
For Singapore savers who want a simple, high-yield parking account for emergency funds or short-term savings, MariBank is hard to beat in 2026. The absence of conditions is particularly valuable for freelancers, self-employed individuals, and part-time workers who cannot reliably credit a fixed salary each month.
If you want to grow your wealth beyond a savings account, pair MariBank with a passive income strategy in Singapore that includes REITs or ETFs for long-term capital growth.
Is MariBank Safe?
Yes — MariBank holds a full digital bank licence issued by the Monetary Authority of Singapore (MAS), making it subject to the same regulatory requirements as traditional Singapore banks. Your deposits are also protected under the Singapore Deposit Insurance Scheme (SDIC), meaning up to S$100,000 per depositor is insured should MariBank fail.
MariBank is wholly owned by Sea Limited, one of Southeast Asia’s largest technology conglomerates — the parent of Shopee, Garena, and SeaMoney. Sea Limited is listed on the New York Stock Exchange (NYSE: SE) and reported over US$14 billion in revenue for FY2024, providing significant corporate backing.
Key safety indicators for MariBank (as at June 2026):
- MAS Full Digital Bank Licence — issued 2022
- SDIC membership — deposits insured up to S$100,000
- Backed by Sea Limited (NYSE: SE) — publicly listed, audited financials
- Two-factor authentication (2FA) mandatory on all transactions
- Data encrypted in transit and at rest
While MariBank does not have a 60-year track record like DBS or OCBC, the MAS licensing framework imposes strict capital adequacy, liquidity, and governance requirements. For amounts up to S$100,000 (the SDIC limit), the risk profile is comparable to any other licensed Singapore bank.
For peace of mind on Singapore’s financial regulatory framework, you can read more on the MAS official website and the SDIC protection scheme.
How to Open a MariBank Account (Step-by-Step)
Opening a MariBank account takes about 5 minutes via Singpass — no branch visit, no paperwork. Here’s how:
- Download the MariBank app — available on iOS App Store and Google Play Store
- Tap “Open Account” and select “Savings Account”
- Log in with Singpass — your personal details auto-populate from MyInfo
- Enter a referral code — use 2DCT80WQ for any available sign-up bonus
- Set up your security PIN and 2FA
- Fund your account — via PayNow, FAST transfer, or linked bank account
- Start earning interest — 2.88% p.a. credited monthly from day one
There’s no minimum deposit to activate the account, and you can start earning interest on even S$100. MariBank supports PayNow transfers in and out, making it easy to move funds between your existing bank accounts.
Referral bonus tip: Using a MariBank referral code during sign-up may entitle you to additional cash bonuses. Bonus terms change — check the MariBank app for the latest offer before signing up.
If you’re comparing digital banks for your emergency fund, also consider reading our review of GXS Bank’s current referral bonuses and the Trust Bank referral code — both are strong alternatives worth opening alongside MariBank to split your deposits.
For longer-term savings goals, consider supplementing your digital bank savings with a Singapore retirement planning calculator to model how much you need to set aside each month to meet your goals.
Frequently Asked Questions
What is MariBank's current interest rate?
Does MariBank have the highest interest rate among Singapore digital banks?
Is there a maximum deposit limit on MariBank?
How does MariBank's interest compare to Singapore Savings Bonds (SSBs)?
Is MariBank safe? Is it covered by SDIC?
Can I get a referral bonus when opening MariBank?
What is MariBank's loan interest rate?
Disclaimer: This article is for informational and educational purposes only and does not constitute financial advice. Interest rates are subject to change without notice — verify current rates directly with MariBank before making any financial decisions. The Kopi Notes may receive referral fees from certain links in this article. All data referenced as at June 2026.
This article was researched with the help of AI. While we strive to keep all information accurate and up to date, there may be errors. If you notice any discrepancies, please contact us.
