Basic Savings Account

Enjoy free transactions

Open Account

0.15% p.a.

credited every 6 months

Instant Visa Debit Card

at selected Branches

Quick & easy processing

For instant accounts

Enjoy the benefits of interest rates

With Neo Savings Account, you will enjoy an interest rate of 0.15% per annum which is credited to your account every 6 months.(Interest rate is subject to change)

It’s easy to set up

Setting up your account is simple. Processing your details is quick and easy and you will have your Mashreq Basic Savings Account instantly.

You can open your account instantly

Simply download the Mashreq Mobile app to apply.
Click Here
The easiest way to earn great returns on your savings
The Neo Savings Account from Mashreq gives you the freedom to make your banking transactions at no cost, while earning an interest on your account balance
Free online, mobile & telemarketing access and up to 6 manned transactions per month
Your Card is convenient and easy to use.
Easy account set-up
You need an initial balance of AED 3,000 to set up your account. Then withdraw cash at more than 1.8 million ATM's in over 200 countries with ease.
Easy access to funds anywhere, anytime
Enjoy the flexibility to use your money anytime through Debit Card or Cheque

Free transactions

Enjoy up to 6 free manned transactions per month (transactions in the Branch of the Bank).

Eligibility

Minimum monthly income
AED 5,000
Visa
UAE residence holders & visitors on a visit or transit visa
Age
Must be 18 years old and above. A minor (below the age of 18) can apply along with a guardian.

You will need

A valid Passport
A valid Emirates ID or last two months bank statement from your country of residence (if you are a non-resident)

And fill in the application form

Terms & Conditions, click here

Are you ready to apply?

Transparency

Terms & Conditions
Key Facts Statement

Still got questions?

If the combined minimum average balance on your account falls below AED 3,000 or equivalent in other currencies i.e. “monthly minimum balance”, you will be charged a “fall below fee”. Click here to know more on how to avoid getting charged.

A manned transaction refers to a transaction made in the branch of the bank. It does not include transactions made on an ATM/CCDM.
Yes, a non-resident may open a Savings account with the bank. In addition to a valid passport, you will be required to provide a 2-month bank statement from the country of your residence.

Download Mashreq’s Mobile App

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