3 days ago
Mashreq launches NEO PLUS Saver Account with savvy interest rates
A whopping 6.25 percent interest rate on savings? Tell us more.
Mashreq has just launched a new savings account that's simple, rewarding and available whether you earn a salary or not.
Introducing NEO PLUS Saver Account which allows salaried customers to earn 6.25 percent interest per annum plus get a cashback of up to Dhs5,000 when they transfer a salary of Dhs10,000 or more to their Mashreq NEO Account.
That's not all – you can also pocket a salary bonus of Dhs3,500, plus an early bird cashback of up to Dhs1,500. Not a bad way to kick-start your savings goals.
Can't transfer salary? No problem. By maintaining a balance of Dhs50,000 or more in your NEO PLUS Saver Account, you'll still get a solid 5 percent interest on your savings per annum.
There's also an early bird cashback of Dhs1,500, including 5 percent cashback on debit card spending and Dhs300 cashback on remittances.
One of the strongest features of this account is how simple it is.
There's no need to sign up for a credit card, mortgage or loan to unlock the benefits. Just download Mashreq Mobile App, which is the top-rated banking app in the UAE with a 4.8 rating, and open a NEO PLUS Saver Account.
On the app, there are a couple of wealth creation features as well, like fee-free US stock trading, mutual funds, bonds, thematic investments and more.
On the latest product, Radu Topliceanu, the 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.'
The feature can be accessed exclusively through Mashreq Mobile App. What are you waiting for? Download now and get saving.
Download Mashreq Mobile App (Web)
Download Mashreq Mobile App (Mobile)
Time Out does not offer financial advice.
