The application of a Si interposer is hindered by its complicated manufacturing process, high cost and some reliability challenges such as through silicon via (TSV) leakage. In this paper, a fabrication approach using a Si interposer is proposed, which can simplify the manufacturing process significantly and reduce the cost by more than 40%. Benefiting from the simplified process, the TSV insulation layer stays intact during the whole manufacturing process, an ultra-low TSV leakage current can be obtained. To evaluate the performance and reliability of the interposer, test samples consisting of 136 TSVs are designed and fabricated. A series of tests are carried out to verify the electrical insulating performance and reliability of the interposer. Under the bias voltage of 5 V, the TSV leakage current is 2.05 × 10−14 A, which is much lower than the usual value in the range of 10−12–10−9 A. The yield of daisy chains exceeds 91.66% and that of individual TSVs is more than 99.91%. All the interposer samples have successfully passed the thermal cycle test, and the resistance variation of each individual pathway is within 5% after 200 cycles.