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Mashreq Savings Accounts in UAE

Features of Mashreq Savings Account

  • No minimum balance requirement on the saver accounts
  • Can avail in multiple currencies
  • Free products and services are provided 
  • Provides interest rate on the account balance 
  • Can avail account to account transfers on no/ low charges 
  • Can get a debit card on the account opening
  • Minimum balance of AED 3000 is required in the basic savings account

Eligibility Criteria of Mashreq Savings Account

  • Both UAE Residents and Non-Residents are eligible
  • Minimum salary of AED 5000 is 

Documents Required of Mashreq Savings Account

  • Valid Passport
  • Emirates ID(UAE Residents)
  • 2 months Bank account Statements(Non-Residents)
  • Visit Visa(Non-Residents)

Mashreq Bank Savings Account

Mashreq Bank

6 Savings Accounts Provided By Mashreq Bank

Noon Savings Account

Interest Rate

1.1%

Min Balance to Maintain

AED 0

Monthly Fee

AED 0

Minimum Salary

AED 5K

No

interest rate

1.1%

Interest Rate

minimum balance

AED 0

Min Balance to Maintain

monthly fee

AED 0

Monthly Fee

minimum salary

AED 5K

Minimum Salary

No

Currency Account

Overview

  • The Mashreq noon Savings Account delivers rewards-focused digital savings for UAE residents. Account holders receive up to 2% cashback on noon.com and NowNow debit card purchases, 0.10% cashback on all other purchases, and up to 1.10% per annum interest on AED balances. Account opens in 2 minutes online using only a valid Emirates ID with no minimum balance requirement for salary transfers of AED 5,000 or more.
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Overview

  • The Mashreq noon Savings Account delivers rewards-focused digital savings for UAE residents. Account holders receive up to 2% cashback on noon.com and NowNow debit card purchases, 0.10% cashback on all other purchases, and up to 1.10% per annum interest on AED balances. Account opens in 2 minutes online using only a valid Emirates ID with no minimum balance requirement for salary transfers of AED 5,000 or more.
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Easy Saver Account

Interest Rate

2.4%

Min Balance to Maintain

AED 0

Monthly Fee

AED 0

Annual Fee

AED 0

Minimum Salary

AED 5K

Relationship Manager

Yes

interest rate

2.4%

Interest Rate

minimum balance

AED 0

Min Balance to Maintain

monthly fee

AED 0

Monthly Fee

annual fee

AED 0

Annual Fee

minimum salary

AED 5K

Minimum Salary

relationship manager

Yes

Relationship Manager

Overview

  • The Mashreq Easy Saver Account is a flexible, high-interest digital savings account in AED or USD only, perfect for UAE residents seeking growth without restrictions. This zero balance savings account UAE features no minimum balance, no monthly fees, up to 2.40% p.a. interest, and 1 free monthly debit transaction – ideal for savings account in UAE via Mashreq NEO platform.
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Overview

  • The Mashreq Easy Saver Account is a flexible, high-interest digital savings account in AED or USD only, perfect for UAE residents seeking growth without restrictions. This zero balance savings account UAE features no minimum balance, no monthly fees, up to 2.40% p.a. interest, and 1 free monthly debit transaction – ideal for savings account in UAE via Mashreq NEO platform.
Apply Now
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NEO Plus Saver Account

Interest Rate

6.25%

Min Balance to Maintain

AED 50K

Monthly Fee

AED 0

Annual Fee

AED 0

Minimum Salary

AED 10K

interest rate

6.25%

Interest Rate

minimum balance

AED 50K

Min Balance to Maintain

monthly fee

AED 0

Monthly Fee

annual fee

AED 0

Annual Fee

minimum salary

AED 10K

Minimum Salary

Overview

  • The Mashreq NEO PLUS Saver Account provides existing Mashreq NEO customers with a high-yield digital savings solution. Balances up to AED 500,000 earn 6.25% per annum through salary transfer of AED 10,000 or more, or 5% per annum with AED 50,000 monthly average balance. Interest credits monthly with no maintenance fees and two free debit transactions permitted each month.
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Overview

  • The Mashreq NEO PLUS Saver Account provides existing Mashreq NEO customers with a high-yield digital savings solution. Balances up to AED 500,000 earn 6.25% per annum through salary transfer of AED 10,000 or more, or 5% per annum with AED 50,000 monthly average balance. Interest credits monthly with no maintenance fees and two free debit transactions permitted each month.
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Neo Savings Account

Interest Rate

0.15%

Min Balance to Maintain

AED 5K

Minimum Salary

AED 3K

Yes

interest rate

0.15%

Interest Rate

minimum balance

AED 5K

Min Balance to Maintain

minimum salary

AED 3K

Minimum Salary

Yes

Currency Account

Overview

  • The Mashreq NEO Savings Account offers UAE residents a convenient digital savings solution with 0.15% per annum interest on AED, USD, GBP, and QAR balances. Interest is credited every six months. Account opens instantly online using only a valid Emirates ID, with up to AED 5,000 cashback available through salary transfer within the first 90 days.
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Overview

  • The Mashreq NEO Savings Account offers UAE residents a convenient digital savings solution with 0.15% per annum interest on AED, USD, GBP, and QAR balances. Interest is credited every six months. Account opens instantly online using only a valid Emirates ID, with up to AED 5,000 cashback available through salary transfer within the first 90 days.
Apply Now
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Noon Savings Account

Interest Rate

1.1%

Min Balance to Maintain

AED 0

Minimum Salary

AED 5K

No

interest rate

1.1%

Interest Rate

minimum balance

AED 0

Min Balance to Maintain

minimum salary

AED 5K

Minimum Salary

No

Currency Account

Features

  • You can enjoy great benefits with special rewards and offers
  • You can earn up to 2% cash back on purchases
  • Start earning Interest per annum Up to 1.10% subject to rates change
Apply Now

Features

  • You can enjoy great benefits with special rewards and offers
  • You can earn up to 2% cash back on purchases
  • Start earning Interest per annum Up to 1.10% subject to rates change
  • Get exclusive benefits get priority customer service
  • Open Mashreq Noon savings accounts in 2 minutes

Benefits

  • Mashreq Bank provides you Mashreq Noon Savings account where you can earn attractive savings from your account with great rewards. Quick and easy access to your funds with online transactions give you great experience.
  • Get 2% cashback on debit card transactions at noon, NowNow & Sivvi. Get 0.10% on all other purchase transactions.
  • Earning attractive savings is now easy where you can earn up to 1.10% interest per annum on your savings
  • Make Money transfers to more than 40 destinations globally with 1 free international transfer per month
  • No Minimum balance requirement if you transfer your salary of AED 5,000 or more into this account
  • Easy access to funds any time anywhere in the world with Mashreq Noon Savings account.
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Daily Bonus Account

Interest Rate

1.5%

Min Balance to Maintain

AED 3K

Minimum Salary

AED 5K

No

interest rate

1.5%

Interest Rate

minimum balance

AED 3K

Min Balance to Maintain

minimum salary

AED 5K

Minimum Salary

No

Currency Account

Overview

  • The Mashreq Daily Bonus Account provides UAE residents with daily interest crediting up to 1.50% per annum on AED balances. Account requires AED 3,000 minimum monthly average balance with AED 21 fall-below fee if unmet. Unlimited withdrawals permitted with instant online opening for existing Mashreq customers using valid Emirates ID.
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Overview

  • The Mashreq Daily Bonus Account provides UAE residents with daily interest crediting up to 1.50% per annum on AED balances. Account requires AED 3,000 minimum monthly average balance with AED 21 fall-below fee if unmet. Unlimited withdrawals permitted with instant online opening for existing Mashreq customers using valid Emirates ID.
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Benefits

  • Free manual transactions at the branch every month
  • Free accident insurance cover
  • Free personalized chequebook
  • Free debit card
  • Provides interest rate depending on the account balance
  • Can open up to 10 saver accounts
  • Can transfer the funds to other accounts on no charges

Frequently Asked Questions

⭐ Can I use my debit card at the ATM on no charges?

A. Yes, you can use the debit card at Mashreq ATMs on no charges.

⭐ Do Non-Residents need to provide UAE bank account statements?

A. No, Non-Residents need to provide bank account statements of their resident country.

⭐ What is the interest rate provided on the balance?

A. The interest rates can vary from 0.20% to 1.25%, depending on the account balance.

⭐ What are the charges on non-maintenance of balance in the account?

A. In the basic savings account if there is no minimum balance then AED 25 is charged per month.

⭐ What are the charges to open an extra Easy Saver account?

A. An account holder can open up to 10 saver accounts on no charges.

⭐ What are the benefits of Mashreq savings account?

  • Free online, mobile & tele banking access service
  • Easy cash withdrawals via debit card anytime
  • Cash withdrawals limit is more than 1.8 million via ATM in 200 countries
  • ⭐ What is the eligibility criteria to open a Mashreq saving account?

  • Minimum monthly income AED 5,000
  • UAE residents
  • Non - residents with a visit or transit visa are also eligible
  • ⭐ What are the documents required for Mashreq savings account?

  • Duly filled application form
  • Original Passport
  • Emirates ID
  • Non - UAE residence must have 2 months (latest) bank statements from country of residence
  • ⭐ Is there any fee to open Mashreq savings account?

    A. No, Mashreq doesn’t charge any fee for opening a savings account.

    ⭐ What is the minimum balance required for Mashreq savings account?

    A. AED 3000 is required to maintain a monthly Mashreq savings account.

    ⭐ In which currency can I do transactions with Mashreq savings account?

    A. Mashreq savings account holders can perform transactions in AED & USD.

    ⭐ Can a non - UAE resident open a Mashreq savings account?

    A. Yes, a non - UAE resident with a valid passport can open a Mashreq savings account.

    About Mashreq

    Mashreq Bank is a private sector bank established in 1967. It was started by Al-Ghurair Group and it also known as largest private sector bank. Mashreq Bank provides both retail and commercial services to their customers.

    Mashreq provides a wide range of products and services that suits the needs of every customer. It works with an aim to provide their customers best banking experience and establish a good customer bank relationship. Mashreq Bank has marked its presence globally by starting their operations at regions like Bahrain, Egypt, Kuwait, Qatar. It also has branches in New York, Mumbai(India), London and Honk Kong.

       Get in touch with Mashreq Bank Customer Care

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