Latest news with #NEOPLUSSaver
Arabian Business
3 days ago
- Business
- Arabian Business
Mashreq launches new saver account offering 6.25% interest and $1,360 cashback
Mash r eq has launched a high-yield digital savings product that offers up to 6.25 per cent annual interest and cashback rewards of up to AED5,000 ($1,360). The financial institution says the NEO PLUS Saver Account is among the most attractive personal banking propositions in the region. Available exclusively through the Mashreq Mobile App, the account is designed to serve both salary and non-salary customers, combining generous returns with a seamless digital experience. Mashreq launches high-yield savings account What salary customers can get: 6.25 per cent interest per annum for those transferring a monthly salary of AED10,000 ($2,720) or more AED3,500 ($950) salary bonus AED1,500 ($410) Early Bird cashback, which includes spending and remittance rewards. Non-salary customers: 5 per cent interest per annum on balances of AED50,000 ($13,600) AED1,500 ($410) Early Bird Cashback, including 5 per cent cashback on debit card transactions and AED300 ($82) on international remittances Unlike some competing products, customers are not required to sign up for additional products such as credit cards, loans, or mortgages to unlock the full benefits. Fernando Morillo, Group Head of Retail Banking at Mashreq, said: 'We are proud to launch a product that directly responds to the growing demand for rewarding, transparent savings solutions. 'With NEO PLUS Saver Account, 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.' Radu Topliceanu, Global Head of NEO at Mashreq, said: 'Mashreq NEO has always been about creating intuitive, high-value banking experiences that fit into our customers' lives. With NEO PLUS Saver Account, 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.' Mashreq said the account can be opened instantly and gives users access to wealth-building tools such as fee-free US stock trading, mutual funds, bonds, and thematic investment options.
Al Bawaba
3 days ago
- Business
- Al Bawaba
Mashreq Launches NEO PLUS Saver Account for Salary and Non-Salary Customers with UAE's Most Rewarding Savings Interest Rates
Mashreq, a leading financial institution in the MENA region, has unveiled the NEO PLUS Saver Account – a high interest savings product designed to empower both salary and non-salary customers with market-leading returns and seamless digital access. Through the new account salary customers can earn 6.25% interest per annum in addition to a cashback of up to AED 5,000 making it one of the most compelling propositions in the UAE's banking a focus on simplicity and transparency, NEO PLUS Saver Account allows salary customers transferring a monthly salary of AED 10,000 or more, to earn 6.25% interest, along with a salary bonus of AED 3,500 and an Early Bird Cashback bonus of AED 1, customers can also enjoy market leading interest rates by simply maintaining a balance of AED 50,000 or more and earning 5% interest. They can also benefit from AED 1,500 with their Early Bird cashback benefit, which includes 5% cashback on debit card transactions and AED 300 cashback on other banking accounts in the market, Mashreq's new proposition brings simplicity – no need for additional product sign-ups such as a credit card or loans or mortgages, underlining the bank's commitment to customer-first, frictionless Morillo, Group Head of Retail Banking at Mashreq, said: '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.'Radu Topliceanu, Global Head of NEO at Mashreq, added '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 Mashreq Mobile App – the highest customer-rated banking app in the UAE at 4.8 stars – the NEO PLUS Saver can be opened instantly, offering customers convenient access to the full suite of Mashreq's digital wealth and investment tools. These include fee-free US stock trading, mutual funds, bonds, thematic investments, and more. This launch further strengthens Mashreq's position as a digital banking pioneer and reinforces its role in shaping the future of personal finance in the UAE. With a fully digital onboarding process and no hidden requirements, the NEO PLUS Saver Account is built for growth-minded individuals who want to make their money work harder – all from their smartphone.
