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I hereby acknowledge and agree to allow Citibank to share my details with any UAE credit bureau and make enquiries about me with any UAE credit bureau at its sole and absolute discretion. I agree to the Terms and Conditions listed below. Citibank Terms and Conditions apply, are subject to change without prior notice and are available upon request. For the current Terms and Conditions, please visit our website www.citibank.ae. All offers are made available on a best-effort basis and at the sole discretion of Citibank, N.A. Citibank, N.A. makes no warranties and assumes no liability or responsibility with respect to the products and services provided by partners/other entities. By inquiring about our services, offers or products, you will be authorizing our representatives to approach you on your contact details including your telephone/mobile number for any product or service offered by Citibank. The applicant agrees to be bound by Citibank’s General Terms and Conditions available on the website www.citibank.ae. The applicant hereby represents and warrants that the information provided herein is true, accurate, and complete and that he/she agrees to remain responsible for and to indemnify Citibank, N.A. from and against any losses, claims and/or liabilities incurred by Citibank NA as a result of having relied on such information. Citibank, N.A. is not required to verify the information provided by the applicant and neither is the bank obliged to provide the applicant with any loans or credit facilities based on the provided information. The products and services mentioned on this website are not offered to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Monaco, San Marino, Vatican, The Isle of Man or the UK. This page is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the products and services mentioned herein to such individuals.
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Mashreq NEO Plus Saver Account
NEO Plus Saver Account
Features
- The Mashreq NEO PLUS Saver Account provides existing Mashreq NEO customers with a high-yield digital savings solution.
- Account operates exclusively in AED currency.
- No debit card issued with the account.
- No cheque book provided.
- Two debit transactions allowed monthly without affecting interest eligibility.
- No teller or branch transactions permitted.
- Monthly e-statements delivered to registered email address.
- Transaction history accessible through Mashreq Online, Mobile App, or ATM.
- Interest applies only to balances up to AED 500,000.
- Interest rates published at mashreq.com/NEOPLUSint with 30 days advance notice for changes.
- No monthly maintenance fees charged.
- No fall below fees applicable.
- No account closure charges.
- More than two debit transactions monthly results in interest forfeiture for that month.
Required Documents
- No additional documents required beyond active Mashreq NEO Account access.
Main Benefits
- 6.25% per annum rate achieved with salary transfer of AED 10,000 or more to Mashreq NEO Account.
- 5% per annum rate available with AED 50,000 monthly average balance.
- Monthly interest crediting supports consistent savings growth.
- No monthly maintenance fees apply regardless of balance maintained.
- Two free monthly debit transactions provide access flexibility.
- Unlimited deposits accepted without renewal requirements.
- Instant activation available through Mashreq Mobile App for active NEO customers.
- Shari'ah-compliant version offered separately.
Frequently Asked Questions
Q. What interest rates apply to Mashreq NEO PLUS Saver Account?
A. 6.25% per annum on balances up to AED 500,000 with AED 10,000+ salary transfer; 5% per annum with AED 50,000 average balance.
Q. Does Mashreq NEO PLUS Saver Account require minimum balance?
A. No minimum balance requirement; AED 50,000 average balance needed for 5% rate without salary transfer.
Q. Does Mashreq NEO PLUS Saver Account include debit card?
A. No debit card provided.
Q. How many withdrawals permitted from Mashreq NEO PLUS Saver Account?
A. Two debit transactions monthly without interest impact; excess transactions forfeit monthly interest.
Q. Who qualifies for Mashreq NEO PLUS Saver Account?
A. Existing active Mashreq NEO customers only; excludes Gold and Private Banking customers.
Q. How to open Mashreq NEO PLUS Saver Account?
A. Active NEO customers open instantly through Mashreq Mobile App.
Q. Is Mashreq NEO PLUS Saver Account available to non-residents?
A. No; requires active Mashreq NEO Account held by UAE residents.
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 Customer Care