MARI invest

[Kunkka]

Mari bank bonus interest for jan should be coming in soon right

 

[ST9611]

Mari bank bonus interest for jan should be coming in soon right

You mean the 3.5% right? Now alr mar I did not receive any bonus interest for Jan and Feb.

 

[Noesis]

It should be 30 days after end of Jan, perhaps Mar 3th or 4th I guess.

 

[JivBunny]

Mari Invest at 3.2x% looks pretty decent for now.

I am still vested in it, in fact with buying a bit more with my SSB interest just deposited.

Compounding my SSB interest to get more yield thru Mari Invest.

 

[white_prince]

has anyone tried mari imvest income?

 

[JivBunny]

With the latest CF saga, I appreciate that Mari Invest is a much trustworthy product.

Instant withdrawal of $10k. Yes I did it on a Sunday night and I got it out in my bank account. So Mari Bank does hold certain cash to pass on to MI investors

Beyond $10k will be by the end of next working day, which I have seen few times by friends around me who put in 6 digits worth into MI when their Tbills mature and they need a holding place before the next Tbills bidding and getting their money out on time

Kudos to Mari for providing a reliable service.

 

[sibeiTrolled]

trustworthy

It would be trust worthy until a "coordinated attack" happens and it got too hot

At the very least, on the banking side it is SDIC insured and they have SEA group to fall back to if things got bad

 

[jackiehuat]

It would be trust worthy until a "coordinated attack" happens and it got too hot

At the very least, on the banking side it is SDIC insured and they have SEA group to fall back to if things got bad

Mari Invest is not SDIC insured.

 

[sibeiTrolled]

Mari Invest is not SDIC insured.

"Banking side" aka the normal savings account

 

[white_prince]

With the latest CF saga, I appreciate that Mari Invest is a much trustworthy product.

Instant withdrawal of $10k. Yes I did it on a Sunday night and I got it out in my bank account. So Mari Bank does hold certain cash to pass on to MI investors

Beyond $10k will be by the end of next working day, which I have seen few times by friends around me who put in 6 digits worth into MI when their Tbills mature and they need a holding place before the next Tbills bidding and getting their money out on time

Kudos to Mari for providing a reliable service.

Thank you! Good to know.
Want to put some into MI

 

[Juan Mata]

why some weeks there is double interest on tuesday and wednesday which i assume is to cover the weekends returns but some weeks only double interest on tuesday?

 

[wutawa]

why some weeks there is double interest on tuesday and wednesday which i assume is to cover the weekends returns but some weeks only double interest on tuesday?

mari invest returns not fixed and guaranteed. it can be 0 or even neg.

 

[white_prince]

why some weeks there is double interest on tuesday and wednesday which i assume is to cover the weekends returns but some weeks only double interest on tuesday?

I just started 2 weeks ago and noticed this trend too.
I chat with mari person they say weekend interest will be given on tues

 

[peppermint7]

@wutawa just an update to the referral reward we previously shared about. I only gotten mine after i called in several times. But they drag their feet in honoring the reward to my friend who referred me. Until now he still didn't get anything. Not sure why Mari behave this way in terms of honoring referral rewards.
Other than this area, they are ok in terms of savings and withdrawal. So far no issue except they need u to face verification for every payee all over again when you change hp number where u have to stare into the singpass verification with colorful screen.

 

[wutawa]

@wutawa just an update to the referral reward we previously shared about. I only gotten mine after i called in several times. But they drag their feet in honoring the reward to my friend who referred me. Until now he still didn't get anything. Not sure why Mari behave this way in terms of honoring referral rewards.
Other than this area, they are ok in terms of savings and withdrawal. So far no issue except they need u to face verification for every payee all over again when you change hp number where u have to stare into the singpass verification with colorful screen.

Thanks for the update. I given up on the referral reward. I am fine with savings and saveplus too.

 

[jinsatkilife]

Just the pimco income fund. You need to look beyond the product wrapper and compare the real investment product behind.

Is it more worth it to just buy it direct via broker and cut out the middlemen if ur okay with no instant withdrawal?

 

[peppermint7]

Thanks for the update. I given up on the referral reward. I am fine with savings and saveplus too.

Just for comfort. I myself refer 2 others i also didn't get. Mari claim they open without keying in my code which isn't true cos I'm there to see them key in. Anyway i give up. Don't expect too much on it. Just enjoy their savings and saveplus will do.

 

[s0crates]

Is it more worth it to just buy it direct via broker and cut out the middlemen if ur okay with no instant withdrawal?

The only way to really buy cheap "direct" is to buy from fund manager. If you buy through poems/fsm the funds you buy are the expensive share class.

Need to look at all in cost.

 

[Jirachi]

With the latest CF saga, I appreciate that Mari Invest is a much trustworthy product.

Instant withdrawal of $10k. Yes I did it on a Sunday night and I got it out in my bank account. So Mari Bank does hold certain cash to pass on to MI investors

Beyond $10k will be by the end of next working day, which I have seen few times by friends around me who put in 6 digits worth into MI when their Tbills mature and they need a holding place before the next Tbills bidding and getting their money out on time

Kudos to Mari for providing a reliable service.

Is because Mari has a proper Digital Bank License and they need capital reserve ratio set by MAS. CF doesn't have this.

 

[Juan Mata]

just realised the bonus interest is not guaranteed, some days is 0