MariBank Review 2026: Savings Rate, Loan & Is It Worth It for Singapore Savers?

Launched by Sea Group — the parent of Shopee — MariBank is Singapore’s fully digital bank. But with rates changing and new competitors like GXS Bank, is it still worth it in 2026?

MariBank is a MAS-licensed digital bank in Singapore, backed by Sea Group (SGX/NYSE: SE), offering a savings account at 2.7% p.a. with no lock-in, instant personal loans, and a fully app-based experience. It is safe (SDIC-insured up to S$100,000), accessible to all Singapore residents, and ideal for short-term savings with zero fuss — though it lacks investment or CPF/SRS features.

Not financial advice. All figures are for educational reference only. Data as at June 2026 unless noted.

Table of Contents

What Is MariBank Singapore?

MariBank is one of Singapore’s four digital full bank (DFB) licensees granted by the Monetary Authority of Singapore (MAS) in 2020. It launched publicly in 2022, backed by Sea Limited — the company behind Shopee, Garena, and SeaMoney.

Unlike traditional banks, MariBank operates entirely through its mobile app. There are no physical branches, no ATMs, and no counter services. Everything — from opening an account to applying for a personal loan — is done on your phone in minutes.

In 2026, MariBank serves over 500,000 customers in Singapore and remains one of the most popular digital bank options alongside GXS Bank (backed by Grab and Singtel) and Trust Bank (backed by Standard Chartered and FairPrice Group).

MariBank Key Features at a Glance (June 2026)

Source: MariBank official website and MAS digital banking records, June 2026.

MariBank Savings Rate 2026

MariBank’s headline savings product is the MariBank Savings Account, which pays 2.7% p.a. as at June 2026. What makes it stand out is the simplicity: there are no minimum balance requirements, no salary crediting conditions, no spending milestones, and no lock-in period. Your money earns 2.7% from day one, on the full balance.

Interest is calculated daily and credited monthly — a structure that works well for emergency funds, short-term savings goals, or cash you might need within 3–6 months.

How MariBank’s 2.7% p.a. Compares to Alternatives (June 2026)

Source: MariBank, GXS Bank, Trust Bank, CPF Board, MAS T-bill results, June 2026.

For Singaporeans who want a competitive savings rate with zero hoops, MariBank’s 2.7% p.a. beats the CPF OA (2.5%) and current T-bills (1.44%), with full liquidity. If you’re already investing through platforms like Endowus for CPF/SRS, MariBank is a natural complement for your liquid emergency fund.

MariBank Personal Loan Review

Beyond savings, MariBank offers instant personal loans — one of its most-used features. Unlike traditional bank personal loans that can take days to process, MariBank approvals are in-app and near-instant for existing customers. Funds are disbursed to your MariBank account immediately upon approval.

MariBank Personal Loan Terms (June 2026)

Source: MariBank loan product page, June 2026. Rates indicative; actual EIR based on creditworthiness.

Worked example: A S$10,000 loan over 24 months at 3.48% p.a. EIR costs approximately S$360 in total interest — about S$430/month in repayments. Compare this to a credit card cash advance at 28% p.a. — the savings are significant.

Is MariBank Safe?

Yes — MariBank is one of the safest places to park your cash in Singapore. Here’s why:

• MAS Licensed: MariBank holds a Digital Full Bank (DFB) licence from the Monetary Authority of Singapore (MAS). This is the highest tier of banking licence in Singapore, equivalent to DBS, OCBC, and UOB.
• SDIC Insured: Deposits up to S$100,000 per depositor are protected by the Singapore Deposit Insurance Corporation (SDIC). Even if MariBank were to fail, your funds up to S$100,000 are guaranteed.
• Sea Group Backing: MariBank is owned by Sea Limited, a NYSE and SGX-listed company with a market cap exceeding US$20 billion.
• MAS Oversight: Digital full banks are subject to the same capital adequacy ratios, liquidity requirements, and conduct standards as traditional banks under the Banking Act.

MariBank is as safe as any Singapore-regulated bank for deposits up to S$100,000 — safer than keeping money in unlicensed investment platforms, crypto wallets, or overseas accounts.

MariBank vs GXS Bank vs Trust Bank 2026

Singapore now has three active digital banks competing for your savings. Here’s how they compare head-to-head as at June 2026:

Source: MariBank, GXS Bank, Trust Bank product pages, June 2026. Rates subject to change.

If you have no salary-crediting constraints and just want the highest no-conditions rate, GXS Bank edges ahead for the first S$5,000 at 3.0%, and Trust Bank leads at 3.5% if you’ll credit salary or hit a spend target. For simplicity and a flat competitive rate on any balance size, MariBank’s 2.7% remains excellent — especially for balances above S$5,000 where GXS’s tiered rates decline.

MariBank Referral Code 2026: 2DCT80WQ

Use referral code 2DCT80WQ when signing up for MariBank to receive a S$20 cash bonus after your first deposit. Check the full details on the MariBank referral code page.

How to Sign Up for MariBank (Step-by-Step)

1. Download the MariBank app — iOS App Store or Google Play Store.
2. Tap “Sign Up” — enter your mobile number and email.
3. Verify identity via Singpass — Myinfo integration, no document uploads needed.
4. Enter referral code 2DCT80WQ — to claim your S$20 bonus.
5. Fund your account — via PayNow or bank transfer. Interest starts from Day 1.
6. Done — 2.7% p.a. applied immediately on your full balance.

Eligible: Singapore citizens, PRs, and valid EP/S Pass holders aged 18+. Pair MariBank with a long-term investing platform: use our retirement planning calculator to see the impact of different savings rates on your retirement target.

Verdict: Is MariBank Worth It in 2026?

MariBank earns a TKN rating of ⭐⭐⭐⭐½ (4.5/5) for Singapore savers seeking simplicity and a competitive liquid rate.

Open MariBank if: you want 2.7% p.a. with zero conditions, need a fully liquid emergency fund, or need a fast personal loan at competitive EIR.

Consider alternatives if: you credit salary → Trust Bank (3.5%); small balance under S$5k → GXS Bank (3.0% first S$5k); long-term investing → Syfe or Endowus for S-REITs/ETFs; CPF/SRS → FSMOne.

For most Singaporeans, MariBank is worth having open alongside your main bank — it’s the simplest way to beat CPF OA rates and T-bills on your liquid cash pile, with no hoops and full MAS/SDIC protection.

Frequently Asked Questions

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Use these referral codes to earn sign-up bonuses: