NEO Plus Savings Account

Earn attractive interest rates

Save the flexible way

No monthly fee

Automatic & easy saving

with a standing instruction

Earn 4.5% per annum*

*Rates subject to change

High interest rate

Simply maintain a balance of AED 35,000 or more to earn interest each month. Balances above AED 300,000 do not earn interest.

Earn 4.5% per annum
Maintain flexibility with one fee withdrawal every month

A convenient and easy to use savings account

Open your NEO Plus Savings Account effortlessly through Mashreq Mobile App. With easy account setup, instant access, and flexible features, you can start earning interest on your savings right away.
Free online money transfers
Enjoy one Debit Transaction from your NEO Plus Savings Account per month without effect on interest payment for that month.
A simple savings account that grows
With no Debit Card it means that your hard-earned savings will accumulate.

Know more about NEO Plus Savings Account

NEO Plus Savings Account is available in AED currency. To find out more about interest rates click here. NEO Plus Savings Account available to new Mashreq customers from 17th September, 2024. NEO Plus Savings Account is a variant of Easy Saver Account. As such the Terms and Conditions associated with the Easy Saver Account will apply to NEO Plus Savings Account too and can be accessed at Mashreq.com/tnc.

Eligibility

Minimum monthly income
AED 5,000
Mashreq Account
Customers who already hold an active Current or Savings Account with Mashreq
Age
Must be 18 years old and above. A minor (below the age of 18) can apply along with a guardian.

Are you ready to apply?

Transparency

Terms & Conditions
Key Facts Statement

Still got questions?

No. There is no fee applicable on NEO Plus Savings Account. However, you need to maintain a balance of AED 35,000 or more to earn interest. Funds above AED 300,000 in the NEO Plus Savings Account will not earn any interest.

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No. The NEO Plus Savings Account does not come with a debit card.

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You can enjoy the flexibility of 1 Debit Transaction from your NEO Plus Savings Account in a month without impacting the interest payment for that month. If you do more than 1 debit transaction within a month, then interest for that month is forfeited and will not be credited to your account. Standing order, loan recovery, utility payments & card payments are not considered while calculating the number of monthly debit transactions.

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Interest is paid on average monthly balance and is credited at end of every month.

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