Mashreq 6.25% Saver Account & $1,360 Cashback
- Mashreq Bank has unveiled a new digital savings product, the NEO PLUS Saver Account, offering customers a chance to earn up to 6.25% annual interest and cashback rewards...
- The NEO PLUS Saver Account caters to both salaried and non-salaried individuals, providing attractive returns coupled with a streamlined digital experience. For those who transfer a monthly salary...
- Non-salary customers can benefit from a 5% annual interest rate on balances of AED50,000 ($13,600).
Earn up to 6.25% interest and $1,360 cashback with the new Mashreq NEO PLUS Saver Account. This innovative digital savings account, accessible via the Mashreq Mobile App, is designed for both salaried and non-salaried individuals. salaried customers can maximize their earnings, while non-salaried customers can still benefit from a competitive 5% interest rate. Unlike other products, there are no hidden requirements. the bank positions this offering as a leading personal finance option, providing access to wealth-building financial tools. This article, covered by News Directory 3, summarizes Mashreq’s commitment to rewarding and transparent savings solutions. Discover what’s next in digital banking and personal finance.
Mashreq Bank Launches High-Yield Digital Savings Account
Updated June 15, 2025
Mashreq Bank has unveiled a new digital savings product, the NEO PLUS Saver Account, offering customers a chance to earn up to 6.25% annual interest and cashback rewards reaching AED5,000 ($1,360). The bank positions this account as a leading personal finance option in the region, accessible via the Mashreq Mobile App.
The NEO PLUS Saver Account caters to both salaried and non-salaried individuals, providing attractive returns coupled with a streamlined digital experience. For those who transfer a monthly salary of AED10,000 ($2,720) or more, the account offers the highest interest rate, along with a salary bonus of AED3,500 ($950) and an early bird cashback of AED1,500 ($410), wich includes spending and remittance rewards.
Non-salary customers can benefit from a 5% annual interest rate on balances of AED50,000 ($13,600). They also receive an early bird cashback of AED1,500 ($410),encompassing 5% cashback on debit card transactions and AED300 ($82) on international remittances. Mashreq emphasizes that unlike some competing products, customers do not need to acquire additional financial products to unlock the account’s full potential.
Fernando Morillo, group head of retail banking at Mashreq, said the bank is proud to launch a product that directly responds to the growing demand for rewarding, transparent savings solutions.
Morillo added that with the NEO PLUS Saver Account, customers not only earn competitive interest but also enjoy a complete digital banking experience through the bank’s mobile app, designed to simplify money management and support smarter financial growth.
Radu Topliceanu, global head of NEO at Mashreq, said Mashreq NEO has always been about creating intuitive, high-value banking experiences that fit into customers’ lives. He added that with the NEO PLUS saver Account, they are setting a new benchmark for what digital savings can offer in the United Arab Emirates.
Topliceanu said the account offers unmatched returns, no hidden requirements, and a fully digital, customer-first journey from start to finish.
what’s next
Mashreq reports that the NEO PLUS Saver Account can be opened instantly, providing users with access to various wealth-building tools, including fee-free U.S. stock trading, mutual funds, bonds, and thematic investment options, further enhancing its appeal as a comprehensive financial solution.