Your NEO Plus Savings Account offers anticipated profit rates of up to 4.50% per annum and the profit is credited to your account monthly. You can also make an unlimited number of withdrawals whenever you like.
24/7 access to your funds
Access your savings anytime, anywhere by using Mashreq Online and Mashreq Mobile.
Benefits
Maximum Savings
Start saving today. Simply maintain a balance of AED 35,000 (minimum) to enjoy monthly profits.
Save in AED and US Dollars
NEO Plus Savings Account is available in AED and US Dollars. Click here for-profit rates
Eligibility
Minimum monthly income
AED 5,000
Mashreq Al Islami 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.
You will need
Application form
Valid Emirates ID
Valid Passport
Still got questions?
Fall below fee shall be charged per month for non-maintenance of the average minimum balance across all your accounts or if minimum salary of AED 5,000 is not transferred.
If you are a non-resident, you first need to open a Savings Account with Mashreq after which you can open a NEO Plus Savings Account.
You are allowed to open only one NEO Plus Savings account.
This account is based upon Shariah compliant “Wakala” contract in which the customer can authorize the Wakil (Bank) to invest funds in Shari'ah approved activities for profits.