MariBank Review Singapore 2026: Savings Rate, Credit Card, Fixed Deposit — Is It Worth It?
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MariBank launched in February 2023 as one of Singapore’s two new digital full bank licence holders, backed by Sea Limited — the company behind Shopee and Garena. Three years in, it has grown its product suite from a single savings account to a credit card, a personal loan, an investment account, and a fixed deposit product. The question is whether those products are competitive enough to earn a place in a well-organised Singapore saver’s financial stack.
This review covers everything: the savings rate, the credit card, the Fixed Deposit promotion, how MariBank compares to GXS and Trust Bank, and who should and shouldn’t bother opening an account.
What Is MariBank?
MariBank Singapore Private Limited (Co. Reg. No. 202222929C) is a licensed digital full bank regulated by the Monetary Authority of Singapore. It is the retail banking arm of Sea Limited, which also operates Shopee, Garena, and SeaMoney across Southeast Asia.
As a licensed bank — not a fintech wallet or e-money issuer — MariBank is subject to full MAS banking supervision. Singapore dollar deposits are insured by the Singapore Deposit Insurance Corporation (SDIC) up to S$100,000 per depositor. There are no branches. Everything is managed through the MariBank app, with identity verification completed via Singpass/MyInfo.
MariBank Products in 2026
Mari Savings Account
The Mari Savings Account is MariBank’s core product. It carries a base interest rate of 0.88% p.a., credited daily to your account. There is no salary crediting requirement, no minimum monthly spend, and no tiered conditions to meet — the rate applies to every dollar in the account up to the S$100,000 maximum deposit cap.
How it compares to other Singapore savings accounts:
The honest picture: 0.88% p.a. is competitive among no-conditions savings accounts, but it sits below the best alternatives at similar or lower conditions thresholds:
- CIMB FastSaver: up to 1.50% p.a. with no conditions
- Standard Chartered Bonus Saver: meaningful rate with card spend only
- OCBC 360, DBS Multiplier, UOB One: 2.00–2.45% p.a. realistic for salaried employees meeting salary credit and card spend conditions
The Mari Savings Account is the right product for two specific situations: (1) as the account you open to access MariBank’s new user promotions, including the Fixed Deposit rate and the credit card welcome rewards, and (2) as a secondary account for cash you want segregated from your main banking relationship. For primary savings at meaningful yield, CIMB FastSaver remains the cleaner no-conditions comparison at a higher rate.
Key details:
- Interest rate: 0.88% p.a., credited daily
- Minimum balance: None
- Maximum deposit: S$100,000
- SDIC-insured: Yes, up to S$100,000
- Application: Digital, via Singpass/MyInfo
- Monthly fees: None
Mari Fixed Deposit — The Most Compelling Product Right Now
The Mari Fixed Deposit is where MariBank offers the most meaningful value for new users in July 2026. New account holders can access a 2.88% p.a. promotional rate on placements of S$5,000 to S$50,000 for a one-month tenor.
At S$20,000 placed for one month at 2.88% p.a., the return is approximately S$48. At S$50,000, approximately S$120. The rate is locked in at placement and cannot be revised during the tenor.
How it compares:
- GXS 12-month Boost Pocket: 1.60% p.a.
- Current 6-month T-bill yield: 1.50% p.a.
- SSB Year 1 rate (July 2026): 1.46% p.a.
- CPF OA: 2.50% p.a. guaranteed
The 2.88% p.a. one-month rate meaningfully exceeds every comparable short-term instrument available to Singapore retail savers in July 2026, with the exception of CPF OA — which is a different pool of money entirely. For any new user with S$5,000–S$50,000 in idle cash that they’re comfortable not touching for one month, this is the strongest argument for opening a MariBank account.
Key details:
- Promotional rate: 2.88% p.a.
- Tenor: 1 month
- Minimum placement: S$5,000
- Maximum placement: S$50,000
- Eligibility: New MariBank customers only
- Available after: Mari Savings Account is opened
- Early withdrawal: Not permitted during the tenor
Mari Credit Card
The Mari Credit Card is a Mastercard Signature issued in partnership with Mastercard. It earns 1.5% cashback on all local spend with no minimum spend requirement and no cashback cap. The annual fee is waived permanently — not conditionally, not for year one only.
Who it’s right for:
The 1.5% flat cashback with no category restrictions and no annual fee to track is genuinely competitive for everyday spend. It outperforms most entry-level bank credit cards on simplicity: no categories to optimise, no minimum spend to hit each month, no annual fee waiver request to submit each year.
It does not compete with dedicated miles cards for travel spend, nor with category-specific cashback cards that offer 5–10% in targeted categories. If you are already running an optimised miles stack — Citi PremierMiles, UOB PRVI Miles, HSBC TravelOne — the Mari Credit Card adds limited incremental value beyond the sign-up welcome rewards.
For users who want one uncomplicated everyday card with guaranteed annual fee waiver and a clean flat cashback rate, the Mari Credit Card is worth keeping.
New user welcome rewards (July 2026):
- S$30 cashback on minimum S$300 spend (excluding Shopee) within 30 days of card approval
- S$50 Shopee voucher pack
Key details:
- Cashback rate: 1.5% on all local spend
- Annual fee: None, permanently waived
- Cashback cap: None stated for the flat 1.5% rate
- Minimum spend: None for ongoing cashback (S$300 for the welcome cashback)
- Overseas transaction fee: Standard rates apply — not a zero-FX card
Mari Invest
Mari Invest gives MariBank customers access to unit trust investments within the app. Products include funds from Fullerton Fund Management and other MAS-approved fund managers. The minimum investment is S$1, making it accessible as a starting point for first-time investors.
This is not a robo-advisor platform and does not offer the same degree of portfolio construction, rebalancing, and fee transparency as Endowus, Syfe, or StashAway. For investors who want managed, globally diversified portfolios with institutional fund access or CPF/SRS integration, the dedicated robo-advisor platforms remain a stronger choice.
Mari Invest is useful as an entry point for MariBank customers who want to explore unit trust investing without opening a separate account.
Mari Business Account (New — July 2026)
MariBank launched the Mari Business Account in July 2026, targeting Singapore small business owners. The account offers business banking features within the MariBank app and carries a referral reward of S$28 credited instantly for both the referrer and the new business account holder — the highest per-referral payout in MariBank’s current programme.
MariBank Referral Programme — July 2026
MariBank runs a referral programme that pays both the referrer and the new customer for successful sign-ups. The July 2026 Birthday Upsized Rewards promotion runs from 1 to 31 July 2026.
Reward tiers:
| Product | Reward (you + friend) |
|---|---|
| Mari Savings Account | S$15 each |
| Mari Invest Bundle | S$15 each |
| Mari Credit Card Bundle | S$20 each |
| Instant Loan Bundle | S$20 each |
| Mari Business Account | S$28 each (instant) |
The MCC Bundle path — Mari Credit Card + Mari Savings Account opened together in a single application — is the highest-value path for most new personal banking customers, combining the S$20 referral cash with up to S$80 in credit card welcome rewards and access to the 2.88% p.a. Fixed Deposit promotion.
To claim the referral reward: Enter referral code 8ZUU96EA in the “Referral / Promo Code?” field during your first MariBank application. The code cannot be entered after submission. A blank or incorrect field means neither party receives a reward.
→ Claim your MariBank referral reward — code 8ZUU96EA
Is MariBank Safe?
Yes — with the standard qualifications that apply to any investment or banking decision.
MariBank Singapore Private Limited is:
- Licensed as a digital full bank by MAS under the Banking Act
- Subject to MAS capital adequacy, liquidity, and consumer protection requirements
- Backed by Sea Limited, a NYSE-listed company (SE) with a market capitalisation exceeding USD 40 billion as of mid-2026
Singapore dollar deposits in the Mari Savings Account and Mari Fixed Deposit are insured by SDIC up to S$100,000 per depositor. This is the same protection that applies to deposits at DBS, OCBC, and UOB.
What is not SDIC-insured:
- Foreign currency deposits
- Mari Invest unit trust holdings
- Dual currency or structured deposits, if offered
The maximum deposit cap on the Mari Savings Account is S$100,000, which aligns with the SDIC insurance limit and means your principal is fully covered for cash held within this cap.
MariBank vs GXS vs Trust Bank — Which Digital Bank Is Worth Opening?
Singapore’s digital bank landscape in 2026 includes MariBank, GXS Bank (backed by Grab and Singtel), and Trust Bank (backed by Standard Chartered and FairPrice Group). All three are MAS-licensed and SDIC-insured.
The honest comparison:
MariBank is the right choice if you want access to the 2.88% p.a. one-month Fixed Deposit for new users, the MCC Bundle welcome rewards (up to S$80 in card welcome benefits on top of the referral cash), and a permanent zero-fee flat cashback credit card for everyday local spend.
GXS is the right choice if you want the highest headline savings rate without a credit card application — up to 1.40% p.a. on the Boost Pocket with a 3-month lock-up — and a clean digital banking experience backed by Grab’s ecosystem.
Trust Bank is the right choice if you are an NTUC Union member or a regular FairPrice shopper, where the NTUC Link card’s Linkpoints earn rate provides tangible ongoing value, or if the sure-win S$5–S$1,000 scratch card sign-up mechanic appeals.
None of the three is a replacement for a primary savings account that maximises interest — OCBC 360, DBS Multiplier, CIMB FastSaver, or UOB One remain better vehicles for that purpose. The digital banks’ strongest value lies in their new user promotions and supplementary products, not their base savings rates.
Who Should Open a MariBank Account
Open a MariBank account if:
- You have S$5,000–S$50,000 in idle cash you are comfortable locking for one month and want the 2.88% p.a. Fixed Deposit rate
- You want a permanent zero-annual-fee flat cashback card for everyday local spend without category optimisation
- You are looking for the highest-tier referral reward available from a Singapore digital bank in July 2026 (up to S$20 personal + up to S$80 welcome rewards = up to S$100 in new user value)
- You are a small business owner wanting simple business banking in an app, with an instant S$28 sign-up incentive
Skip MariBank if:
- You are looking for a primary high-yield savings account — CIMB FastSaver or a conditions-based account (OCBC 360, DBS Multiplier) will pay more
- You are optimising for travel miles — the Mari Credit Card’s 1.5% cashback does not compete with a dedicated miles card
- You want instant liquidity — the MariBank Fixed Deposit has a one-month lock-up and the savings account base rate is modest
- You have CPF OA funds to invest — MariBank does not accept CPF funds for any product
Frequently Asked Questions
What is MariBank’s savings rate?
The Mari Savings Account pays 0.88% p.a., credited daily. No conditions required. Maximum deposit is S$100,000.
Is MariBank SDIC-insured?
Yes. Singapore dollar deposits are SDIC-insured up to S$100,000 per depositor. This covers the Mari Savings Account and Mari Fixed Deposit for SGD placements within the cap.
What is the MariBank Fixed Deposit rate?
New MariBank customers can access a promotional rate of 2.88% p.a. for one month on placements of S$5,000–S$50,000. This is available after opening a Mari Savings Account.
Can I use CPF funds with MariBank?
No. MariBank does not accept CPF Ordinary Account, CPF Special Account, or SRS funds for any product. Cash only.
How do I get the MariBank referral bonus?
Enter referral code 8ZUU96EA during your first MariBank application in the “Referral / Promo Code?” field. Apply for the Mari Credit Card Bundle for the highest tier reward (S$20 each + up to S$80 in credit card welcome rewards). The code cannot be applied after your application is submitted.
→ Full step-by-step referral guide and FAQ
Final Verdict
MariBank earns its place in a Singapore saver’s financial stack for a specific reason: the combination of the 2.88% p.a. one-month Fixed Deposit for new users, the MCC Bundle welcome rewards (up to S$80 in card benefits), and the permanent zero-fee flat cashback credit card makes the sign-up cost-benefit clearly positive for most eligible savers in July 2026.
It does not earn a place as a primary savings account — the base rate is not competitive enough for that role. And it does not compete with a miles card for travel spending. But as a supplementary product that pays you to sign up, gives you a meaningful short-term return on idle cash, and then settles into a useful everyday cashback card, the case is straightforward.
The July 2026 Birthday Upsized Rewards promotion — running 1–31 July — is the highest-reward window MariBank has offered since launch. If you are eligible, this is the month to open the account.
→ Sign up with referral code 8ZUU96EA — full guide here
This article is for general informational purposes only and does not constitute financial advice. MariBank product details, interest rates, and promotional terms change — verify current information directly with MariBank before making any decision. MariBank Singapore Private Limited (Co. Reg. No. 202222929C) is licensed and regulated by MAS. Singapore dollar deposits are SDIC-insured up to S$100,000.
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