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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
9 Savings Accounts Provided By Mashreq Bank
Easy Saver Account
Features
- Even Non-Residents are eligible
Features
- Even Non-Residents are eligible
Benefits
- Can access the account in foreign currencies
- Can transfer the funds in no time using online banking facility
- Interest rate of 0.25%-0.70% is provided
- Debit card is not provided in order to limit the unnecessary expenses
Max Saver Account
Features
- Should have an existing savings or current account at Mashreq bank
- Can get free accident insurance cover
Features
- Should have an existing savings or current account at Mashreq bank
- Can get free accident insurance cover
Benefits
- Provides accident cover of up to AED 100,000
- Can access the account in AED and USD currencies
- Can open up to 10 Max Saver accounts
Noon VIP Savings Account
Features
- Savings account with high rewards
- The interest is calculated on the monthly average balance and credited to the account every month
- UAE residents are eligible and non-residents with Visit visas or transit visas are eligible
Features
- Savings account with high rewards
- The interest is calculated on the monthly average balance and credited to the account every month
- UAE residents are eligible and non-residents with Visit visas or transit visas are eligible
- The account holder must be 18 years old. Applicants who are below 18 years are eligible to open with a guardian
- Chequebook is not offered on the account
Benefits
- Get an interest rate of upto 0.50% per annum
- Get 2% cashback on all the purchases made using the debit card at noon, noon Grocery, NowNow & Sivvi
- Get 0.10% cashback on other purchases using the debit card
- Earn Salaam Points on the purchases made using the card. Earn up to 2,000 points upon balance maintenance
- Get free noon VIP membership for one year
- Get 1 free international money transfer per month
- Can open the account online
Basic Savings Account
Features
- Both Residents and Non-Residents are eligible
Features
- Both Residents and Non-Residents are eligible
Benefits
- Get free net banking, mobile banking and telebanking services globally
- Can use the debit card anywhere in the world
- Even Non-Residents are eligible for the savings account
Neo Savings Account
Features
- For all your needs discover the perfect savings account
- Earn Interest rate at 0.15% per annum
- Get free Platinum Debit Card
Features
- For all your needs discover the perfect savings account
- Earn Interest rate at 0.15% per annum
- Get free Platinum Debit Card
- Zero Paperwork
- Minimum monthly balance is AED 5,000
Benefits
- Mashreq Bank provides you Mashreq Neo Savings account where you can earn good interest rate and enjoy the benefits of salary transfer. Open your account and you will receive a free debit card and access to a range of benefits with zero paperwork.
- Easy accessible of your account
- Transfer salary & get up to AED 3,500
- You can earn joining bonus on your transferred salary
- You can earn and enjoy early bird cash back
- Access your account across the world in 200 countries and 1.8 million ATMs
Noon Savings 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
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.
Dream Saver Account
Features
- Start Savings with earning high interest rate and realize your dreams faster
- Get 1% fixed interest rate which is paid at maturity
- You can Earn monthly interest
Features
- Start Savings with earning high interest rate and realize your dreams faster
- Get 1% fixed interest rate which is paid at maturity
- You can Earn monthly interest
- There is No minimum deposit amount required just simply start saving money
- Open Mashreq Dream Saver Account in 2 minutes Choose your dream, tenor and initial deposit.
- There’s absolutely no penalty if you withdraw your funds before the end of the tenor
Benefits
- Mashreq Bank provides you Mashreq Dream Saver Account where you can earn fixed interest rate, get interest paid at maturity. The more you save the more interest you earn and you also enjoy the facility of premature withdrawal without penalty.
- Enjoy 1% fixed interest rate
- With no minimum deposit amount, saving is easy with Dream Saver. You can simply start saving from day one to realize your dreams.
- Interest is accrued on a monthly basis and get monthly interest
- Mashreq Customers can set up a Dream Saver account online, or simply walk into any Branch. No Minimum deposit required
- Grow your savings No fees or charges. No teller transactions. Your savings simply grow.
Daily Bonus Account
Features
- You can accumulate Daily interest
- Enjoy a savings account with a higher interest rate
- Get up to interest 1.50% per annum which will be credited to your account daily
Features
- You can accumulate Daily interest
- Enjoy a savings account with a higher interest rate
- Get up to interest 1.50% per annum which will be credited to your account daily
- Provides access to your account 24/7 both mobile banking and Internet banking
- Get an Instant Account set up with an account opening in 2 minutes
Benefits
- Mashreq Bank provides you Mashreq Daily Bonus Account where you can earn interest on a daily basis and it is credited to your account daily. The more you save the more interest you earn and you also enjoy the facility of unlimited number of withdrawals.
- Provides you with unlimited withdrawals
- Interest is credited to your account on daily basis
- Enjoy interest of 1.50% per annum with daily interest credits
- Start savings with an instant account opening facility
- Existing Mashreq customers can quickly open Daily bonus account through Mashreq mobile or Mashreq online
- Minimum balance is just AED 3000 to earn daily interest
- Easy and convenient with zero paperwork with unlimited transfer facility with no loss of interest
- Earn Daily bonus in Dirhams
Money Multiplier Account
Features
- More savings with more spendings with Mashreq Money Multiplier Account
- Earn high interest rate up to 3% per annum where the rates are subject to change
- You can get rewarded on spendings and remittances
Features
- More savings with more spendings with Mashreq Money Multiplier Account
- Earn high interest rate up to 3% per annum where the rates are subject to change
- You can get rewarded on spendings and remittances
- You can earn Mashreq Vantage points on Debit Card spends
- Open online Mashreq Money Multiplier Account in 2 minutes
Benefits
- Mashreq Bank provides you Mashreq Money Multiplier Account where you can Save and spend or remit and earn attractively high interest rates. The more you spend and remit, the more interest you will receive.
- Account opening is easy where the existing account holders can open an account with just a click. New customers should open account with Mashreq then they can open Multiplier account
- You can earn 3% interest per annum which is simple, just save money in Multiplier Account spend with the Mashreq Debit Card, you can also remit money by using Quick Remit
- Easy to maintain and convenient to use as there is no minimum balance requirement
- Use Mashreq Visa Debit Card which comes with a variety of features including 2 for 1 deals on entertainment, food and shopping.
- You can send money faster to 35+ destinations using Mashreq Mobile or Online Banking.
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?
⭐ What is the eligibility criteria to open a Mashreq saving account?
⭐ What are the documents required for Mashreq savings account?
⭐ 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