MARI invest

[wei6464]

Hope the interest for tomorrow is not zero

 

[wutawa]

i suspect the mess is due to leap year

 

[sibeiTrolled]

i suspect the mess is due to leap year

Right...29th shouldn't exist for the 3 years then only appearing on the 4th

At least now make some sense for me lol

 

[sp0inK]

i am parking some excess funds into marinvest for a few months. i will also be selling/withdrawing these funds to pay my other credit card bill. just to confirm i can withdraw instantly and transfer the cash out right? the monthly credit card bill amt will be <10k

 

[Sambuca78]

i am parking some excess funds into marinvest for a few months. i will also be selling/withdrawing these funds to pay my other credit card bill. just to confirm i can withdraw instantly and transfer the cash out right? the monthly credit card bill amt will be <10k

Max 10k per day

 

[sibeiTrolled]

i am parking some excess funds into marinvest for a few months. i will also be selling/withdrawing these funds to pay my other credit card bill. just to confirm i can withdraw instantly and transfer the cash out right? the monthly credit card bill amt will be <10k

From maribank website https://www.maribank.sg/product/mari-invest -> How do I withdraw cash instantly?
All sell orders will be automatically processed as instant withdrawals, subjected to a daily instant withdrawal limit of S$10,000.

For withdrawals beyond the daily limit of S$10,000, you may expect to receive your cash within the same business day if your request is submitted before 7:30am.

Otherwise, you may generally expect to receive your cash within the next business day (The date you will receive your cash will be shown to you in the MariBank app before you confirm your transaction)

As usual, please go through the TnC to familiarize yourself with the product before purchasing
https://www.maribank.sg/help-centre/7001-mari-invest/70013-instant-withdrawal

Max 10k per day

Can more than 10K per day

 

[wutawa]

i am parking some excess funds into marinvest for a few months. i will also be selling/withdrawing these funds to pay my other credit card bill. just to confirm i can withdraw instantly and transfer the cash out right? the monthly credit card bill amt will be <10k

welcome to the party. do note that this fund is not insured and may be subjected to capital loss. nonetheless, it is very simple and super super super safe (based on the current portfolio). do share if u encounter anything interesting abt this fund.

 

[mel1888]

Right...29th shouldn't exist for the 3 years then only appearing on the 4th

At least now make some sense for me lol

Just checked with Mari agent. Yesterday no interest.

 

[wei6464]

Hmm, I wonder whether those who buy in yesterday get interest for yesterday..

 

[JivBunny]

Hmm, I wonder whether those who buy in yesterday get interest for yesterday..

I think you have a very wrong concept about this mari invest.

You don't get interest. The % is just a simplified way of showing your earnings.

It is basically the price difference between the day you bought and the value today.

until you sell it, then u actualised the earnings or “interest”.

else the so called daily returns is just a number, unlike interest accrued in a real savings account.

 

[wutawa]

I think you have a very wrong concept about this mari invest.

You don't get interest. The % is just a simplified way of showing your earnings.

It is basically the price difference between the day you bought and the value today.

until you sell it, then u actualised the earnings or “interest”.

else the so called daily returns is just a number, unlike interest accrued in a real savings account.

Hi, I am new to mutual (money market) fund. Can u review the pros and cons between mari invest and moomoo Fullerton SGD cash fund? Which 1 is better?

 

[JivBunny]

Hi, I am new to mutual (money market) fund. Can u review the pros and cons between mari invest and moomoo Fullerton SGD cash fund? Which 1 is better?

I am not an expert in this and you might find others in this forum who can give you better insight to which one is better

 

[FlyGuardX]

don't worry bro. they give 2x interest on friday (yesterday)

Hmm, I wonder whether those who buy in yesterday get interest for yesterday..

 

[sp0inK]

is there any point to put funds into marinvest on weekend? or wait till monday

 

[Lè Crayons]

is there any point to put funds into marinvest on weekend? or wait till monday

You can deposit on Sunday night or Monday morning before 7.30am and will be allotted on Monday.

 

[sibeiTrolled]

is there any point to put funds into marinvest on weekend? or wait till monday

I bought in on a friday after the cut off timing and they gave me the earnings for the weekends on the next Tuesday.

If you need the money to be somewhere else for the weekends, then just keep it in MariBank for the time being.
Wait till Sunday or Monday before 7.30am to buy in.

 

[sohguanh]

is there any point to put funds into marinvest on weekend? or wait till monday

Buy on weekday. Weekend use Mari savings earn 2.88%. Sunday one day will also have interest so if you invest Mari invest on Sunday you lose that one day interest as the fund buy in is on Monday.

 

[sohguanh]

4.17% for past 4 weeks! This is going to overthrow Fullerton Cash Fund from the throne soon but somehow fund manager that put 1.7% on China dunno what investment instrument worry me. Anyone same thoughts?

 

[wutawa]

4.17% for past 4 weeks! This is going to overthrow Fullerton Cash Fund from the throne soon but somehow fund manager that put 1.7% on China dunno what investment instrument worry me. Anyone same thoughts?

it is indicated as such but i am getting around 3.53% though.

 

[Sambuca78]

it is indicated as such but i am getting around 3.53% though.

Did you top up?

I was getting 4.0x initially but dropped to 3.5x after i top up.