5 Best Digital Bank Accounts in Singapore (2026) — Trust, GXS, MariBank Compared

Backed by Standard Chartered and FairPrice Group, Trust is currently Singapore's largest digital bank by customer count — over 1 million users in under 2 years. The headline product is the Trust Savings Account paying up to 2.5% on the first S$75,000 with no minimum balance. Where Trust really shines is its FairPrice integration — Linkpoints earn faster, weekly grocery rebates stack with cashback, and the Trust card gives 1% cashback at FairPrice. If you do your weekly grocery run at FairPrice, opening Trust is essentially free money.

A joint venture between Grab and Singtel, GXS launched in 2022 and is the digital bank of choice for anyone deeply embedded in the Grab ecosystem. The GXS Savings Account splits your money into 'Saving Pockets' (effectively sub-accounts) where each pocket earns its own rate — the headline rate goes up to 3.16% if you commit to a fixed savings pocket. The killer feature is integration with the Grab app: you can fund a GrabPay wallet, top up GrabRides, or get loan offers from GXS within Grab itself. Best for daily Grab users.

Owned by Sea Group (the parent company of Shopee and Garena), MariBank is the third digital bank and arguably the most aggressive on rates. MariSave currently pays up to 2.88% on the first S$50,000 with no lock-up. The MariBank app also includes MariInvest (low-cost USD money market access yielding ~5%) and MariCredit (small personal loans for emergencies). If you spend a lot on Shopee, Mari's integration unlocks faster ShopeePay credits and exclusive vouchers. Best for Shopee shoppers and those who want everything banking + invest in one app.

Not technically a bank — it's a regulated investment platform — but Chocolate Finance functions like a high-yield digital savings account for everyday users. They aggregate short-duration money market funds and currently target 2% p.a. on your first S$20,000, 1.8% p.a. on the next S$80,000 and up to 1.8% p.a. on any amount above that, with daily liquidity (withdrawals back to your bank within 1 business day). No lock-up, no minimum, fully regulated by MAS. The catch: returns are projected, not guaranteed, and your money is technically invested, not deposited. Rates on these products move often, so check the current figure on Chocolate's own site before you commit.

StashAway's cash management product is the more conservative cousin to Chocolate Finance — also based on money market funds, also fully MAS-regulated, with a projected rate of roughly 2.5% p.a. at the time of writing and a longer track record. Simple has been around since 2020 and has never had a withdrawal hiccup, which is its main selling point. It also integrates seamlessly into the StashAway investment app, so if you already use StashAway for portfolio investing, Simple is the natural cash holding ground. No minimum, no lock-up, withdrawals to your bank in 2-3 business days.