Singapore's banking landscape has changed faster in the last 3 years than in the previous 30. The Monetary Authority of Singapore (MAS) granted digital bank licences in 2020, and by 2026 we have three retail digital banks fully operational — Trust Bank, GXS, and MariBank — plus a wave of fintech savings products that operate like digital banks for most practical purposes.
The headline appeal is simple: higher interest rates, no minimum balance, no fall-below fees, and slick mobile-first apps. But each digital bank serves a slightly different user, and the "best" one depends on whether you prioritise interest rate, retail rewards, or seamless integration with apps you already use. Here's how the top 5 stack up — and what we'd actually open in 2026.
