Trust Bank, GXS, and MariBank’s Interest Rates Comparison
These digital banks offering compelling alternatives to traditional banking. The emergence of Trust Bank, GXS Bank, and MariBank has introduced exciting opportunities to grow our money with attractive interest rates. But how do these three players stack up when it comes to maximizing your savings? Let’s take a look at these savings accounts, focusing on their interest rate structures.
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- Up to 3.08% p.a on your first S$10k in Aug 2025 with Mari Savings Account
- Up to 14.5% cashback, up to S$40 off Shopee voucher pack and 3% Unlimited Shopee Coins with Mari Credit Card
Download Trust bank app and sign up for Trust Savings Account using referral code EW9WQAVD. You will get a sure-win scratch card that guarantees you a minimum cashback of S$8, up to S$1,888!
Download the GXS Bank app and use referral code ONGS464 when you sign up for any GXS products.
1. Trust Bank Savings Account: The Structured Earner
Trust Bank’s Savings Account is designed for those who actively engage with their banking, offering a tiered interest rate structure that rewards spending, maintaining balances, and salary crediting.
Maximum Potential Interest Rate: You can earn up to 2.25% p.a. interest rate on your deposit balance, applicable up to S$1.2 million. For any balances exceeding S$1.2 million, a nominal interest rate of 0.05% p.a. applies. It’s important to note that from August 1, 2025, this maximum rate will be revised to 2.00% p.a..
How to Unlock Higher Rates: To achieve the highest interest, you need to fulfill specific criteria:
- Base Rate: All account holders earn a 0.50% p.a. base interest on deposit balances up to S$1.2 million.
- Spend Bonus Rate: An additional +0.50% p.a. (or +0.30% p.a. for non-NTUC Union Members) is unlocked by making a minimum of 5 qualifying card transactions, each of S$30 or more, every month.
- Balance Bonus Rate: You can earn an extra +0.75% p.a. by maintaining a minimum S$100,000 Average Daily Balance (ADB) for the month, applied to deposit balances up to S$1.2 million. This particular rate is promotional and applies until July 31, 2025. It will change to 0.50% p.a. on 1 Aug 2025.
- Salary Bonus Rate: Crediting a minimum S$1,500 monthly salary via GIRO in a single transaction adds another +0.50% p.a. to your interest, also on balances up to S$1.2 million.
Interest Crediting: Interest is calculated daily but credited on the last day of the month.
Fees: A significant advantage of this savings account is its super high deposit cap of S$1.2 million. And also it’s fee-less nature, with no hidden fees, monthly fees, minimum balance requirements, account closure fees, foreign transaction fees, or card replacement fees.
Other Benefits: This account also offers generous savings on groceries and food at FairPrice Group when spending with the Trust debit/credit card in terms of Linkpoints.
2. GXS Savings Account: The Daily Interest Dynamo with Boosts
The GXS Savings Account offers a flexible and rewarding experience, characterized by its daily interest crediting and various avenues to boost your earnings.
Multi-Tiered Interest Rates:
- Main Account: Your primary account balance earns 1.68% p.a. interest, credited daily.
- Saving Pockets: For specific savings goals, you can open up to eight “Saving Pockets” which offer a higher 1.98% p.a. interest, also credited daily. These pockets come with no fees and no lock-in.
- Boost Pocket: A unique feature, the Boost Pocket allows you to earn 1.58% p.a. interest over a tenure of 1 or 3 months. This rate comprises a 1.08% p.a. base interest credited daily and a 0.50% p.a. bonus interest credited upon maturity. You can open up to two Boost Pockets, each funded with a minimum of S$100, up to a maximum total of S$60,000 across both. You can withdraw funds from a Boost Pocket anytime but you will lose the bonus interest.
Interest Crediting: A major highlight is that interest is credited daily for all account types (Main, Saving, Boost Pockets), allowing you to earn interest on your interest every day.
Deposit Limit: You can deposit a total of up to S$95,000 into one GXS Savings Account per customer.
Fees and Flexibility: There are no fees and no minimum balance requirements for the GXS Savings Account. It also offers no lock-in periods, allowing you to withdraw any amount back to your Main Account anytime.
Integration and Rewards: GXS is integrated with Grab and Singtel Dash apps, allowing for seamless payments.
3. MariBank Mari Savings Account: The Simple and Direct Option
MariBank’s Mari Savings Account stands out for its simplicity and transparency, offering a competitive interest rate without requiring complex conditions.
Interest Rate: You can deposit and earn 1.88% p.a. interest with the Mari Savings Account.
No Strings Attached: The most appealing aspect of MariBank is that this 1.88% p.a. interest rate requires no minimum deposit, no salary crediting, and no minimum spending. This makes it an incredibly straightforward option for savers.
Interest Crediting: Like GXS, MariBank also credits interest earnings to your account daily, calculated based on your previous day’s balance.
Fees: No fees and no minimum deposit required.
Other Benefits: MariBank facilitates seamless payments on Shopee and allows for PayNow integration for instant money transfers and QR code payments. It also offers overseas transfers with competitive FX rates in 10 currencies.
Comparison Table
Account/Feature | Trust Bank Savings Account | GXS Savings Account | MariBank Savings Account |
Base Interest Rate | 0.50% p.a. on deposit balance up to S$1.2M. | 1.68% p.a. on Main Account. | 1.88% p.a.. |
Maximum Potential Interest Rate | Up to 2.25% p.a. on deposit balance up to S$1.2M. (Revised to 2.00% p.a. from 1 Aug 2025). | 1.98% p.a. on Saving Pockets. | 1.88% p.a.. |
Conditions to Achieve Maximum/Higher Rates | To reach up to 2.25% p.a.: Base Rate: 0.50% p.a. on up to S$1.2M. Spend Bonus: +0.50% p.a. (or +0.30% p.a. for non-NTUC Union Members) for min. 5 x S$30 qualifying card transactions monthly. Balance Bonus: +0.75% p.a. for min. S$100K Average Daily Balance (ADB) for the month (promotional rate until 31 Jul 2025, then 0.50% p.a.). Salary Bonus: +0.50% p.a. for crediting min. S$1,500 monthly salary via GIRO in a single transaction. | Saving Pockets: No specific conditions mentioned other than opening up to 8 pockets. Boost Pockets: Minimum S$100 funding, up to a total of S$60,000 across two pockets, with bonus interest credited upon maturity. | No conditions. |
Interest Crediting Frequency | Calculated daily, credited on the last day of the month. | Credited daily. | Credited daily. |
Maximum Deposit Amount | NA | S$95,000. | S$100,000. |
Fees & Minimum Balance Requirements | None | None | None |
Which Account Fits Your Savings Style?
Each of these digital banks offers a unique proposition for your savings, catering to different preferences and financial habits:
- Trust Bank Savings Account: Ideal for high-balance savers who are willing to meet multiple conditions (spending, high average daily balance, salary crediting) to unlock the highest potential rates on a large deposit cap of S$1.2 million. It rewards active banking engagement.
- GXS Savings Account: Best suited for those who appreciate daily interest compounding and a multi-pocket approach to savings goals. It’s also attractive for users who frequently use Grab or Singtel Dash, as they can leverage integration for additional cashback and rewards, effectively boosting their overall returns. The S$95,000 deposit cap means it might not be for those with very large sums to park.
- MariBank Mari Savings Account: The perfect choice for simplicity and ease. If you want a competitive interest rate without the hassle of meeting specific spending, balance, or salary requirements, MariBank offers a clear and consistent 1.88% p.a. daily interest. This account is particularly appealing for those looking for a straightforward savings solution.
Ultimately, the “best” account depends on your individual financial habits and priorities. All these digital banks offer great options to help your savings grow!
All three banks’ Singapore dollar deposits are insured by the Singapore Deposit Insurance Corporation (SDIC) for up to S$100,000 in aggregate per depositor per Scheme member by law, providing a layer of security for your funds.