Mashreq Bank has introduced a new savings account, the NEO PLUS Saver Account, which offers an impressive 6.25 percent interest rate on savings. This account is designed to be straightforward and rewarding, catering to both salaried and non-salaried customers.

Salaried customers can benefit from a cashback of up to Dhs5 000 when they transfer a salary of Dhs10 000 or more to their Mashreq NEO Account. Additionally, customers can receive a salary bonus of Dhs3 500 and an early bird cashback of up to Dhs1,500, providing an encouraging start to their savings journey.

For those who cannot transfer a salary, maintaining a balance of Dhs50 000 or more in the NEO PLUS Saver Account still allows customers to earn a competitive interest rate of 5 percent per annum. The account also offers an early bird cashback of Dhs1 500, alongside 5 percent cashback on debit card spending and Dhs300 cashback on remittances.

One of the account’s standout features is its simplicity. There are no requirements to sign up for a credit card, mortgage, or loan to access its benefits. Customers can easily download the Mashreq Mobile App, which is rated 4.8 out of 5 in the UAE, and open a NEO PLUS Saver Account directly through the app.

The app also includes additional wealth creation features such as fee-free US stock trading, mutual funds, bonds, and thematic investments. Radu Topliceanu, the Global Head of NEO at Mashreq, remarked that “Mashreq NEO has always been about creating intuitive, high-value banking experiences that fit into our customers’ lives.” He emphasized that the NEO PLUS Saver Account sets a new standard for digital savings in the UAE, highlighting its unmatched returns and fully digital customer journey.

This feature is exclusively available through the Mashreq Mobile App, inviting potential customers to download it and start saving today.