Mashreq Bank offers high-yield savings accounts in UAE

gulfnews.com

Mashreq Bank launched a new digital savings account in the UAE offering interest rates up to 6.25% per annum, aiming to attract savers. The NEO PLUS Saver Account provides the highest rate to customers transferring a monthly salary of Dh10,000 or more, while non-salary customers can earn 5% with a Dh50,000 minimum balance. The account also offers cashback incentives. This launch reflects growing competition among UAE banks to attract deposits in a high-interest rate environment, providing opportunities for higher returns for savers.


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Mashreq Bank offers high-yield savings accounts in UAE | News Minimalist