The Lion-MariBank SavePlus fund itself comprises mainly Monetary Authority of Singapore (MAS) Bills (around 60%) and high-quality bond funds.
According to the joint release on Oct 3, the account enables investors to participate in potentially higher yields compared to Singdollar fixed deposits, while keeping overall portfolio risk low.
At present, MariBank’s savings account offers an interest rate of 2.88% per annum. This is paid daily and comes without the need to fulfil any additional conditions such as salary crediting or minimum spend.
“We know that consumers today want to grow their wealth but can find the range of options overwhelming. That's where Mari Invest comes in. We made it simple and accessible, allowing anyone to start investing, grow their wealth, and help them on their journey to secure their financial future,” says Zheng Yudong, CEO of MariBank.
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“The collaboration with MariBank validates the demand for a simple and effective approach to liquidity management. This product is an expansion of our product range and demonstrates our capabilities in providing innovative and democratized investment solutions for retail investors through a digital backbone,” adds Teo Joo Wah, CEO of Lion Global Investors.
