Maribank Savings & FD

[royalmix]

I am starting this new thread, to avoid derailing the other thread which is for Mari Invest.

In the news: (key extracts from ST)

Sea-owned MariBank is rolling out child accounts and global stock trading targeted at customers aged 16 to 28, as it looks to capture a growing base of digitally savvy youth.

About 30 per cent of MariBank customers have a Mari Invest account, with one in four Mari Invest customers in their 20s – highlighting growing interest in investing among younger customers.

$100,000 deposit cap lifted​

MariBank confirmed it lifted the $100,000 individual deposit cap on its Mari Savings accounts in April to address user dissatisfaction and enhance the overall banking experience.

Huo said the ShopeeVIP partnership was the main driver of the bank’s deposit growth, with 18% of MariBank users being ShopeeVIP users as well. MariBank’s customer deposits rose from $1.54 billion in 2024 to $2.82 billion by 2025.

Within one month of the ShopeeVIP partnership launch in July, users who claimed the ShopeeVIP bonus interest rates doubled their balances.

From the App:

FD Promo: 1.78%, 1000 placements available - Friday 12pm drop

 

[BBCWatcher]

FD Promo: 1.78%, 1000 placements available - Friday 12pm drop

For reference, the 6 month T-bill is running about 1.88% currently. It's available every 2 weeks with unlimited placements, and it's backed by the full faith and credit of the Government of Singapore. The next auction is October 22, 2026, with a typical order deadline of 9 PM on October 21.

 

[royalmix]

For reference, the 6 month T-bill is running about 1.88% currently. It's available every 2 weeks with unlimited placements, and it's backed by the full faith and credit of the Government of Singapore. The next auction is October 22, 2026, with a typical order deadline of 9 PM on October 21.

Pls get yourself updated on the current promo rates!

Go to Deposits Thread to find out which banks are paying at least 2%pa for 6mth FD!

Go to the 2 Tbills related thread to understand the real EIR for Tbills!

Pls do not derail this thread, discuss in the respective dedicated threads where comparisons are made!