When it comes to growing idle funds, I have to give credit to the resourcefulness of some.
One example of such ingenuity pertains to Mari Invest, MariBank’s flagship account that offers access to investment products that aim to provide higher returns than Mari Savings Account.
At the moment, the only investment product that can be accessed via Mari Invest is the Lion-MariBank SavePlus Fund.
In less than a year, the Lion-MariBank SavePlus Fund has grown to more than $200 million in size.
This open secret (see here, here and here) to double-dipping depends entirely on one Mari Invest feature: the possibility of withdrawing up to S$10,000 of our investments daily.
I would think that such a loophole could be easily closed by the team, but MariBank has proved me wrong for months.
And besides, it’s not like this is a big deal or anything like that. True gems such as manufactured spending are far more secretive and obscure.
Table of ContentsThe Key Is Instant Withdrawal For Mari Invest
To understand how it works, there are a few pieces to the puzzle, and the first one is related to Mari Invest.
The killer feature for Mari Invest is instant withdrawal of up to $10,000 daily.
To the best of my knowledge, there is no other investment product like Lion-MariBank SavePlus that offers an instant cash-out feature.
I can see the attractiveness of such a feature because emergency funds can now be used to access higher yields in a relatively safe manner and offer instant withdrawals.
And of course, I have tested this, and it worked seamlessly for the few occasions that I made withdrawals.
Sell orders up to $10,000 is instantly processed
Do note that for sell orders that are above S$10,000, proceeds will only be received
