Shopee users should have received notification on the app of a bank account promotion with MariBank.
For context, MariBank is the sister company of Shopee under the Sea Group.
Opening Promotion
From 23 August 2023 to 31 October 2023, the first 25,000 new MariBank Account Holders who sign up and make a $1,000 in fresh funds in a single transaction to the newly opened Mari Bank Account will get a $100 Shopee Voucher Pack.
Please note to qualify for the shopee voucher pack, the account has to (i) remain open for 6 months and (ii) users have to link their shopee account to Mari Savings Account via the app.
Below are the vouchers you will get:
Is the Mari Account Safe and With Good Interest Rate?
As Mari is a Singapore bank, the first $75,000 deposited is protected and you will get back 100%.
Secondly, MariBank offers a 2.5% interest with no lock in period. While it is a decent deposit with no strings attached, there is GXS bank which offers the same mechanism at 2.68% with one addiitonal step of putting it into pockets. Hence Mari's 2.5% fares slightly worse.
Tip
To avoid disappointment of not getting the shopee voucher pack, it is strongly adviced for account holders to only sign up on 1 September 2023 or 1 October 2023 to be the first 25,000 new account holders in the calendar month.
Verdict
Sadly, Mari's Interest Rate is low. Unless it increases to 2.7% interest, the account is not a long term hold for me. It is a "Sign up and then later close" verdict as of now.
The shopee voucher sign up gift is the only attraction for depositing $1,000 as fresh funds in a single transaction, link their shopee account to the Mari Bank account. After which, it is a sign up for 7-12 months and then closing it off (unless Mari Bank can offer a better interest rate).
(This is not a sponsored post)
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