What is the Mari Savings Account 2024 Fresh Funds Promotion?

The Mari Savings Account 2024 Fresh Funds Promotion lasts from 14 Oct 2024 to 31 Jan 2025 (both dates inclusive) and is extended to selected MariBank customers on an invite-only basis.

Funding Period: 14 Oct 2024 - 31 Oct 2024

Holding Period: 1 Nov 2024 - 31 Jan 2025 (92 calendar days)

Secure up to 3.5% p.a. on your fresh funds when you:

1) Make incremental fresh funds deposits that add up to S$5,000, S$10,000 or S$50,000 by 31 Oct 2024; and

2) Ensure that the Daily Average Balance during the Holding Period exceeds the end of day deposit balance as of 13 Oct 2024 by at least the amount of incremental fresh funds deposited

^Eligible customers are only entitled to 1 Cash Reward.

What are incremental fresh funds?

Incremental fresh funds are top-ups on top of your end of day deposit balance as of 13 Oct 2024, that do not originate from any existing MariBank account and not withdrawn and redeposited during the Funding Period.

What is Daily Average Balance?

Daily Average Balance is calculated based on the sum of each end of day deposit balance in the Mari Savings Account during the Holding Period, divided by the number of calendar days during the Holding Period (i.e. 92 calendar days). The Daily Average Balance must be at least equal to your end of day deposit balance as of 13 Oct 2024 and the Incremental Fresh Funds deposited during the Funding Period.

How are rewards calculated?

The illustration below shows the Cash Rewards for maintaining incremental Daily Average Balances of S$5,000, S$10,000, and S$50,000, compared to your end of day deposit balance as of 13 Oct 2024, throughout the Holding Period.

*Daily interest earned is credited to your Mari Savings Account daily.

**Promotional interest rate of 2.70% p.a is effective only till 31 Dec 2024. Prevailing base rate of 2.50% p.a. shall apply thereafter.

These are approximate figures for illustration purposes only and actual figures may differ slightly.

When will I receive my rewards?

Your Cash Reward will be credited to your Mari Savings Account by 2 Mar 2025.

You may refer to the promotion terms and conditions here.

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.