Key Highlights:

• Mashreq NEO PLUS Saver offers the UAE’s highest savings interest at 6.25% for salary customers and 5% for non-salary customers.
• Earn up to AED 5,000 total cashback, including salary bonus, Early Bird rewards, and debit card benefits.
• Open accounts instantly through the UAE’s highest-rated banking app (4.7 stars) with no paperwork required.
• Access competitive rates without needing credit cards, loans, or mortgages—transparent banking made simple.

Mashreq, a leading financial institution in the Middle East and North Africa, has introduced the NEO PLUS Saver Account, setting a new standard for high-interest savings products in the UAE banking sector. 

This digital-first offering is designed to serve both salary and non-salary customers with market-leading returns and seamless access through mobile banking.

Competitive Interest Rates for All Customer Types

The NEO PLUS Saver Account offers differentiated benefits based on customer type:

Salary Customers

• 6.25% annual interest rate for customers transferring a monthly salary of AED 10,000 or more
• AED 3,500 salary bonus
• AED 1,500 Early Bird Cashback bonus
• Total potential cashback of up to AED 5,000

Non-Salary Customers

• 5% annual interest rate for maintaining a balance of AED 50,000 or more
• AED 1,500 Early Bird cashback, including 5% cashback on debit card transactions and AED 300 cashback on remittances

Simple and Transparent Banking

What sets the NEO PLUS Saver Account apart from other market offerings is its simplicity and transparency. Unlike traditional banking products, customers don’t need to sign up for additional products such as credit cards, loans, or mortgages to access these competitive rates. 

This approach reflects Mashreq’s commitment to customer-first, frictionless banking.

Digital-First Experience

The account is available exclusively through the Mashreq Mobile App, which holds the distinction of being the highest customer-rated banking app in the UAE with a 4.7-star rating. The fully digital onboarding process allows customers to open accounts instantly from their smartphones.

Through the app, customers gain access to Mashreq’s complete suite of digital wealth and investment tools, including:

• Fee-free US stock trading
• Mutual funds
• Bonds
• Thematic investments

Leadership Vision

Fernando Morillo, Group Head of Retail Banking at Mashreq, emphasized the product’s market relevance: “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.”

Strategic Market Position

This launch reinforces Mashreq’s position as a digital banking pioneer and strengthens its role in shaping the future of personal finance in the UAE. The NEO PLUS Saver Account targets growth-minded individuals who want to maximize their savings potential through a completely digital banking experience.

For businesses and entrepreneurs looking to establish operations in the UAE, competitive banking solutions like the NEO PLUS Saver Account represent the evolving financial landscape that supports both personal and business financial growth in the region.