MariBank Review 2026: Savings Account, Interest Rate & Is It Worth It?
MariBank is Singapore’s digital-only bank backed by Sea Limited — the same company behind Shopee and Garena. But does a 0.88% p.a. savings rate, zero minimum deposit and MAS licensing make it worth your money? We break it all down.
⚠️ Not financial advice. Data accurate as at May 2026.
MariBank launched in October 2023 and has quietly built a reputation as one of the most straightforward digital savings accounts in Singapore — no salary crediting requirements, no minimum balance, no fuss. In this review, we cover everything Singapore investors need to know before opening an account.
What Is MariBank?
MariBank is a fully digital bank licensed by the Monetary Authority of Singapore (MAS) under a digital full bank licence. It is owned by Sea Limited, the Singapore-headquartered tech giant behind Shopee, Garena and SeaMoney.
Unlike traditional banks, MariBank operates entirely via its mobile app — there are no physical branches, no relationship managers and no complex product tiers. This lean structure lets it offer competitive savings rates without the overhead of a traditional banking network.
MariBank currently offers three main products for retail customers: the Mari Savings Account, Mari Invest (unit trust investing), and a MariBank Debit Card for spending. There is also a loan product — the Mari Instant Loan — and business banking services.
MariBank Savings Account: Key Features
The Mari Savings Account is the core product driving MariBank’s retail growth in Singapore. Here’s what you get:
| Feature | Details |
|---|---|
| Interest Rate | 0.88% p.a. on full balance (no conditions) |
| Minimum Deposit | S$0 — no minimum required |
| Maximum Deposit | S$100,000 (in line with SDIC coverage limit) |
| Interest Credited | Daily (calculated on previous day’s balance) |
| Salary Crediting Required | No |
| Eligibility | Singaporeans, PRs, foreigners (valid pass), aged 16+ |
| Transfer Fee | S$0 (promo until 30 June 2026) |
| Fall-Below Fee | None |
The biggest selling point of the Mari Savings Account is its simplicity: 0.88% p.a. on your entire balance, no strings attached. No minimum spend, no salary crediting, no complex bonus interest tiers to track.
Interest Rate & How It Compares
At 0.88% p.a., MariBank’s savings rate is competitive for a no-conditions account but sits below top-tier bonus interest accounts (like DBS Multiplier or OCBC 360, which can reach 4%+ with conditions). Here’s how it stacks up against other simple, no-condition savings options:
| Account | Rate (p.a.) | Conditions |
|---|---|---|
| MariBank Mari Savings | 0.88% | None |
| GXS Bank Savings | Up to 3.48% | Spend + save conditions |
| Trust Bank (Standard) | 1.5% | Min. balance + spend |
| Singlife Account | Up to 3.5% | Tiered with conditions |
| Standard Chartered Bonus$aver | Up to 7.88% | Salary + spend + more |
Bottom line: If you hate juggling conditions and just want a safe place to park cash with daily interest, MariBank delivers. If maximising return is the priority, you’ll need a bonus interest account or a money market fund like Endowus Cash Smart.
Is MariBank Safe? MAS Licence & SDIC Insurance
MariBank holds a full digital bank licence from MAS — not a lesser payment institution licence. This is the same level of regulatory oversight as DBS, OCBC and UOB.
Deposits in the Mari Savings Account are protected by the Singapore Deposit Insurance Corporation (SDIC) up to S$100,000 per depositor. This coverage increased from S$75,000 in April 2024 and MariBank’s maximum deposit cap reflects this limit exactly.
For a fuller breakdown of MariBank’s safety credentials, see our dedicated article: Is MariBank Safe?
MariBank Pros & Cons
| ✅ Pros | ❌ Cons |
|---|---|
| MAS-licensed full digital bank | Lower rate than bonus accounts |
| SDIC-insured up to S$100,000 | No physical branches |
| No conditions for 0.88% p.a. | S$100,000 deposit cap |
| Daily interest crediting | App-only — no web login |
| No minimum balance or fall-below fee | Limited product range vs traditional banks |
| Open to foreigners aged 16+ | No joint accounts available yet |
| 0% overseas transaction fee (2026) | Mari Invest fund selection is limited |
MariBank vs Endowus, Syfe & FSMOne
Singapore investors often compare MariBank not just with banks but with robo-advisors and investment platforms that offer cash management solutions. Here’s how the key platforms stack up for your uninvested cash:
| Platform | Cash/Savings Product | Rate / Yield | Risk |
|---|---|---|---|
| MariBank | Mari Savings Account | 0.88% p.a. (guaranteed) | Zero (SDIC) |
| Endowus | Cash Smart (Ultra/Core/Secure) | ~3.0–3.8% p.a. (variable) | Very low (MMF) |
| Syfe | Syfe Cash+ Guaranteed | ~3.0% p.a. (variable) | Very low (MMF) |
| FSMOne | AutoSweep (money market funds) | ~3.0–3.5% p.a. (variable) | Very low (MMF) |
Key insight: MariBank is a bank — your deposits are capital-guaranteed and SDIC-protected. Endowus, Syfe and FSMOne cash products are money market funds — they carry minimal but not zero risk, and returns are variable. For risk-averse investors who want certainty, MariBank wins. For maximum cash yield, the robo-advisor cash solutions typically offer 3%+ p.a.
If you’re building a long-term dividend or S-REIT portfolio, check our Best S-REITs 2026 guide and our Retirement Planning Calculator to see how your savings rate today affects your retirement number.
MariBank Referral Code 2026
MariBank offers a referral programme that rewards both the referrer and the new user. Before opening your account, check our dedicated page for the latest MariBank referral bonus:
You can also explore other Singapore investing referral codes on our site — including Endowus, Syfe, and FSMOne — for welcome bonuses when starting your investment journey.
Our Verdict: Is MariBank Worth It?
MariBank is worth it if you want a safe, no-fuss place to park up to S$100,000 at 0.88% p.a. with zero conditions. It is not the highest-yielding option in Singapore, but it is one of the simplest and most transparent.
We’d recommend MariBank as a complementary account — not a replacement for a full-service bank or an investment platform. Use it to hold your emergency fund or short-term savings that you don’t want invested. For your investable surplus, platforms like Endowus or Syfe will give you better long-term returns through diversified portfolios and S-REIT ETFs.
For a complete picture of your retirement readiness, run the numbers with our free Singapore Retirement Planning Calculator.