Mashreq Launches NEO PLUS Saver Account With High Savings Interest Rates For UAE Customers

Mashreq has introduced the NEO PLUS Saver Account, a standout savings offering in the UAE, designed to deliver superior interest rates to both salary and non-salary holders without the complication of additional product subscriptions.

This offering stands out by not only providing up to 6.25% interest per annum for salary customers but also a cashback of up to AED 5,000. This initiative places Mashreq at the forefront of the MENA region's financial sector, showcasing a commitment to delivering value and ease of use through digital platforms.

For salary holders transferring a monthly salary of AED 10,000 or more, the account promises a lucrative 6.25% interest rate annually. This rate is complemented by a salary bonus of AED 3,500 and an Early Bird Cashback bonus of AED 1,500, making it a highly attractive option for individuals looking to maximize their savings potential.

Non-salary customers are not left behind, as maintaining a balance of AED 50,000 or more entitles them to a 5% interest rate, alongside an Early Bird cashback benefit of AED 1,500, which includes 5% cashback on debit card transactions and an additional AED 300 cashback on remittances.

Fernando Morillo, Group Head of Retail Banking at Mashreq, emphasized the company's dedication to meeting the growing demand for straightforward and beneficial savings solutions. He stated, "We are proud to launch a product that directly responds to the growing demand for rewarding, transparent savings solutions.

With NEO PLUS Saver, customers do not just earn competitive interest – they enjoy a complete digital banking experience through our award-winning mobile app, designed to simplify money management and support smarter financial growth." This approach underscores Mashreq's commitment to a customer-first philosophy, ensuring a frictionless banking experience that prioritizes the needs of its customers.

Radu Topliceanu, Global Head of NEO at Mashreq, remarked, "Mashreq NEO has always been about creating intuitive, high-value banking experiences that fit into our customers' lives. With NEO PLUS Saver, we are setting a new benchmark for what digital savings can offer in the UAE – unmatched returns, no hidden requirements, and a fully digital, customer-first journey from start to finish."

Available exclusively through the highly-rated Mashreq Mobile App, the NEO PLUS Saver Account enables instant account opening, providing easy access to Mashreq's comprehensive suite of digital investment tools. Customers can enjoy fee-free US stock trading, mutual funds, bonds, thematic investments, and more, all designed to support financial growth and wealth management without the need for physical banking interactions.