MariBank Singapore: Complete 2026 Guide

Your full breakdown of MariBank Singapore’s savings account, fixed deposit rates, referral code, and how it compares to other digital banks in 2026. Not financial advice — always verify rates directly with MariBank before making decisions.

MariBank Singapore is the digital bank arm of Sea Group — the same company behind Shopee and SeaMoney. Since launching in Singapore, it has attracted tens of thousands of users with a no-frills savings account that pays daily interest, a competitive fixed deposit option, and a simple app-based experience. In this 2026 guide, we cover everything Singapore investors and savers need to know about MariBank.

Table of Contents

What is MariBank Singapore?

MariBank is Singapore’s fully digital bank, owned by Sea Limited (SGX: SE), the parent company of Shopee and SeaMoney. It received its digital full bank licence from the Monetary Authority of Singapore (MAS) and began offering retail banking products in 2023.

Unlike traditional banks, MariBank operates entirely through its mobile app — there are no physical branches. You open an account via Singpass in minutes, and your debit card is delivered to your door. The pitch is simple: higher savings interest than most traditional banks, a clean app experience, and the trust of an MAS-regulated institution.

As at April 2026, MariBank offers three core products: the Mari Savings Account, Mari Fixed Deposit, and Mari Credit Card. For most Singapore savers, the savings account and fixed deposit are the key products worth evaluating.

Mari Savings Account: Rates & Features (2026)

The Mari Savings Account is the flagship product. As at April 2026, it offers 0.88% p.a. on all balances, with interest credited daily. There is no minimum balance requirement, and the account can be opened entirely through the MariBank app using Singpass.

Key Features

• Interest rate: 0.88% p.a. — applied to balances up to S$100,000
• Interest crediting: Daily — you see your interest every day
• No minimum balance: Open and maintain with any amount
• No fall-below fee: Zero penalties for low balances
• Maximum balance: S$100,000 (SDIC insurance cap)
• Mari Debit Card: Mastercard debit for in-store and online spending
• Instant transfers: PayNow, FAST, and overseas transfers supported
• Account opening: 100% via app, Singpass verification, 1–5 working days

The daily interest crediting is a genuine differentiator. While 0.88% p.a. isn’t the highest rate available in Singapore (some bonus interest accounts from DBS, OCBC, or UOB offer higher rates with conditions), MariBank’s rate is unconditional — no salary crediting, no minimum spend, no hoops to jump through.

Digital bank savings account rates comparison, Singapore, April 2026. Source: individual bank websites.

Mari Fixed Deposit Rates 2026

The Mari Fixed Deposit is where MariBank gets more competitive. As at April 2026, the promotional rate for new users is 2.88% p.a. on a 1-month tenor for placements from S$5,000 to S$50,000. Standard fixed deposit rates for longer tenures are lower:

⚠️ Rates as at April 2026. Promotional rates are for new users within 30 days of account opening. Always verify current rates at maribank.sg/fees-rates before placing a fixed deposit.

The 2.88% p.a. 1-month promo rate is attractive for new depositors looking to park a lump sum short-term. However, standard rates of 1.20–1.30% p.a. are not the most competitive in Singapore — you can often find better 6–12 month rates from other banks or Singapore Savings Bonds (SSB). For a full comparison of fixed deposit rates, check out our Best S-REITs 2026 guide and our T-Bill, SSB & Fixed Deposit Comparison Calculator.

MariBank vs Other Digital Banks: Rate Comparison (April 2026)

How does MariBank stack up against other digital and traditional banks for everyday savings in Singapore? Here’s a quick comparison as at April 2026:

The key takeaway: MariBank is the top unconditional digital savings rate among Singapore’s digital banks. If you want simplicity without fulfilling monthly spend quotas or salary crediting conditions, MariBank is a strong choice. But if you’re willing to jump through the hoops of a bonus interest account, OCBC 360 or DBS Multiplier can offer much higher rates.

For long-term wealth building, a combination approach often works well: use MariBank for your emergency fund (0.88% p.a., no conditions) and invest your investable surplus into S-REITs, ETFs, or robo-advisors for higher returns. See our Best S-REITs 2026 guide for dividend-focused options.

MariBank Referral Code 2026: Get Your Welcome Bonus

When you sign up for MariBank using a referral code, both you and the person who referred you receive a welcome reward. As at April 2026, new users who sign up with our referral code can enjoy a welcome bonus including cashback and Shopee vouchers.

To use the MariBank referral code, simply enter it during the account sign-up process in the MariBank app after Singpass verification.

Is MariBank Safe? MAS Licence & SDIC Protection

Yes — MariBank is a MAS-licensed digital full bank, which means it is subject to the same regulatory standards as traditional banks in Singapore. Your deposits are protected under the Singapore Deposit Insurance Corporation (SDIC) scheme, which insures deposits up to S$100,000 per depositor per bank.

MariBank is backed by Sea Group, one of Southeast Asia’s largest technology companies with a market capitalisation of tens of billions of dollars. The bank operates under strict MAS oversight, including capital adequacy requirements, anti-money laundering controls, and consumer protection standards.

Bottom line: For deposits up to S$100,000, MariBank is as safe as any other MAS-regulated bank in Singapore. Beyond S$100,000, you would need to spread deposits across multiple SDIC member institutions.

Pros and Cons of MariBank Singapore

✅ Pros

• Highest unconditional digital savings rate: 0.88% p.a. with no conditions
• Daily interest crediting: You earn every single day
• No minimum balance or fall-below fee: Great for emergency fund storage
• MAS-licensed and SDIC-insured: Regulated, safe
• Simple onboarding: Singpass verification, no branch visit needed
• Attractive new user fixed deposit promo: 2.88% p.a. for 1 month
• Shopee integration: Earn rewards on Shopee spending

❌ Cons

• Standard fixed deposit rates are not top-tier: 1.20–1.30% p.a. after promo ends
• S$100,000 cap: The 0.88% rate applies only up to this limit
• No physical branches: If you prefer in-person banking, this isn’t for you
• Limited product range: No home loans, personal loans, or CPF-linked products (yet)
• Bonus interest is modest: Cannot compete with OCBC 360 or DBS Multiplier for high bonus earners

Other Investment Platforms to Consider

MariBank is excellent for your cash savings, but for your investable surplus, Singapore investors typically look to these platforms:

• Endowus — CPF-compatible robo-advisor with access to institutional funds. Read more: Endowus referral code and review
• Syfe — Singapore’s popular robo-advisor with REIT+ and income portfolios. Read more: Syfe referral code and review
• FSMOne — Fund supermart for ETFs and unit trusts. Read more: FSMOne referral code
• Trust Bank — Digital bank with Standard Chartered backing; also offers savings and credit card. Trust Bank referral code

For a dividend-focused strategy using S-REITs, check out our Best S-REITs Singapore 2026 guide, or use our free Dividend Portfolio Yield Calculator to model your returns.

Frequently Asked Questions