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Sunday, 3 August 2025

Rewards Updates : Nerfed: Trust Bank and MariBank Slash Interest Rates From 1st September 2025


Source : 



ChatGPT : 


FeatureTrust BankMariBankGXS Bank
Effective Date1 Sep 20251 Sep 20256 Aug 2025
Base Interest Rate0.10% p.a.1.28% p.a.1.38% p.a. (Savings Pocket)
Max Interest Rate1.30% p.a. (union) 1.20% p.a. (non-union)1.28% p.a.1.38% p.a.
Promo RatePossible 2.50% p.a. (TBC Sep)Up to 3.08% p.a. on S$10K (new users)Extra 1.2% p.a. on S$6K (new users)
RequirementsSalary credit, card spend, balance tieringNoneNone for base; promo requires signup
Max Balance for InterestUp to S$1.2 millionS$100,000S$75,000 (MAS cap for digital banks)
Cashback/Card PromoUp to 1% cashback; 0% FX feeUp to 4.5% cashback (card spend)Up to 6% cashback + S$3 per ten



Opinion : 


Savings interest is heading lower and lower.
So don't leave too much money in the banks πŸ˜‰
Diversify accordingly to your risk preference.

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