Mari Savings Account Review (2026): Rates & Eligibility

Key Takeaways

• No-frills high interest: Earn 0.88% p.a. interest on your deposits without doing anything—no complex requirements, no minimum deposits.
• Daily interest crediting: The interest is computed and credited to your Mari Savings Account daily—say hello to real-time growth in savings.
• Your money is safe: Similar to a traditional bank, deposits of up to S$100,000 are insured by the SDIC.
• No bothersome fees to worry about: S$0 account maintenance fees, S$0 annoying fall-below fees and S$0 promotional overseas transfer fees.

Heard of MariBank, but not quite sure if this digital bank is right for you? In the rapidly evolving digital finance landscape in Singapore, the Mari Savings Account has emerged as a worthy contender for folks who appreciate maximum simplicity over complicated, never-ending banking hoops.

In this Mari Savings Account review, we’ll touch on the eligibility requirements and steps to open a Mari Savings Account, the MariBank interest rate you can earn on your deposits, how to top up your Mari Savings account, and more.

Read on to learn how you can milk the most out of your savings with minimal effort (yes, no complex, confusing conditions or minimum spend requirements) thanks to the Mari Savings Account!

What Is MariBank?

Wholly owned by Sea Limited (the parent company of Shopee and Garena), MariBank Singapore is a Digital Full Bank that’s licensed and regulated by the Monetary Authority of Singapore (MAS). As a digital bank, banking’s done completely online—there are absolutely no physical MariBank branches or ATMs.

Apart from the Mari Savings Account, MariBank Singapore offers a suite of banking products for consumers, such as Mari Invest, Mari Fixed Deposit, Mari Debit Card, Mari Credit Card, Mari Instant Loan, and more.

That’s not all. MariBank caters to businesses, too, with offerings such as the Mari Business Account, Overseas Transfers, Mari Business Loan (Credit Line), and Mari Business Loan (Term Loan).

What Is the Mari Savings Account?

For the uninitiated, Mari Savings Account is a digital savings account that’s as no-frills as it can get. Its key appeal lies in its absence of restrictions and annoying requirements—all while letting savers enjoy a straightforward 0.88% p.a. on their deposits! Yes, the MariBank interest rate on the Mari Savings Account is 0.88% p.a.

• No minimum deposits.
• No monthly spending requirements.
• No salary crediting needed.
• No obligations to transact in the MariBank ecosystem for things like investments, insurance, mortgage payments, etc., just to enjoy the relatively higher interest rate on savings.
• No fall-below fees.
• No account maintenance fees.
• No local transfer fees.
• No promotional overseas transfer fees.

Just a note, the interest is computed and credited to your Mari Savings Account daily.

Also, the Mari Savings Account comes with the Mari Debit Card. This fuss-free debit card lets you earn unlimited 0.5% cashback on both eligible local and foreign spending with no additional FX fees and hidden markups— a genuinely rare benefit for a debit card.

Is MariBank Safe to Use in Singapore?

Absolutely! MariBank holds a Digital Full Bank (DFB) licence and is a member of the Deposit Insurance Scheme. Similar to a traditional bank, deposits of up to S$100,000 per depositor in MariBank are insured by the Singapore Deposit Insurance Corporation. This offers all banking customers of MariBank peace of mind.

Mari Savings Account Overview

Pros of the Mari Savings Account

#1 Earn 0.88% p.a. Without Jumping Through Hoops

You get to enjoy the 0.88% p.a. interest on your savings without needing to do anything. This is zero effort, maximum payout at its best.

#2 Maximum S$100,000 Deposit

The 0.88% p.a. interest on your savings applies right away, no matter whether you’re starting with a modest sum in there, say, S$500, or if you have the full S$100,000.

#3 Perfect for Parking Emergency Funds or Significant Cash Balances

Up to S$100,000 is insured per depositor as per the SIC insurance cap. This makes Mari Savings Account the ideal place to park emergency funds or significant cash balances you may have, growing them at the same time.

#4 0.5% Unlimited Cashback MariBank Debit Card

Like it or not, most debit cards offer little to no rewards. But not the Mari Debit Card. It lets you enjoy 0.5% unlimited cashback on all eligible expenses, local and foreign (with “unbeatable” FX rates).

#5 PayNow With MariBank

MariBank allows for easy, fuss-free PayNow and bank transfer transactions. That’s not all. You can use the MariBank app to make contactless payments via the scanning of NETS SGQR codes.

Cons of the Mari Savings Account

#1 Limited Physical Presence

As a digital-only bank, all MariBank services are online only. There are no physical MariBank Singapore branches or ATMs.

Who Is the Mari Savings Account Designed for?

Thanks to the incredibly low barriers to entry, the Mari Savings Account is particularly well-suited for:

• Students: Who may not have much money or a regular income for depositing.
• Self-employed/Freelancers: People whose incomes are likely irregular.
• Gig Workers: Those seeking a no-fee option to hold their earnings with access to funds every day.
• People With Significant Cash/Emergency Savings: It’s a no-brainer to earn ‘free’ 0.88% p.a. interest while maintaining the utmost liquidity.

Mari Savings Account vs GXS vs Trust Bank (2026)

How to Open a Mari Savings Account in Singapore?

1. Download the MariBank App.
2. Register using a valid Singapore mobile number.
3. Use Singpass to apply for your Mari Savings Account with ease.

How to Top Up Mari Savings Account?

You may top up your Mari Savings Account via the following three ways, whichever is convenient for you:

• Bank transfer: Send money directly from other bank accounts (e.g. UOB, POSB/DBS, OCBC) to your Mari Savings Account with ease.
• PayNow: Register for PayNow with MariBank. Thereafter, log in to the bank you’re sending money from, choose PayNow and key in your PayNow details (e.g. NRIC/mobile number).
• PayNow QR Code: Generate your dedicated PayNow QR Code on the MariBank app. Follow the on-screen instructions.

Conclusion: Is the Mari Savings Account for You?

While the 0.88% p.a. interest pales in comparison to traditional high-interest savings accounts like the UOB One Account, OCBC 360 Account, and DBC Multiplier Account, Mari Savings Account depositors do not have to do anything to get this 0.88% p.a. Interest.

Think of it as earning an elevated interest on your savings, whereas other traditional savings accounts across major banks in Singapore offer a pathetic 0.05% p.a. interest.

There’s really no reason not to get this savings account if you’ve already maxed out on the interest for the above-mentioned high-interest savings accounts, or if you’re just starting out on your savings journey.

The Mari Savings Account is arguably the most user-friendly and foolproof savings account there is in Singapore. Its simplicity, straightforwardness, and top-tier debit card perks are all bonuses anyone will—and can—appreciate.

Interested to learn more about MariBank’s other products? You may check out our Mari Credit Card review and Mari Instant Loan review here. The Personal Loan Finder blog is an invaluable resource, offering a wealth of information on personal loans, finance, and everything in between, such as the best multi-currency cards for overseas spending. Feel free to contact us should you have any concerns or questions.

Read these next:
GXS FlexiLoan Review
Trust Bank Instant Loan Review
CIMB Personal Loan Review
Guide to Personal Loans for the Self-Employed in Singapore