Mashreq launches NEO PLUS Saver Account with savvy interest rates
Mashreq has just launched a new savings account that's simple, rewarding and available whether you earn a salary or not.
Introducing NEO PLUS Saver Account which allows salaried customers to earn 6.25 percent interest per annum plus get a cashback of up to Dhs5,000 when they transfer a salary of Dhs10,000 or more to their Mashreq NEO Account.
That's not all – you can also pocket a salary bonus of Dhs3,500, plus an early bird cashback of up to Dhs1,500. Not a bad way to kick-start your savings goals.
Can't transfer salary? No problem. By maintaining a balance of Dhs50,000 or more in your NEO PLUS Saver Account, you'll still get a solid 5 percent interest on your savings per annum.
There's also an early bird cashback of Dhs1,500, including 5 percent cashback on debit card spending and Dhs300 cashback on remittances.
One of the strongest features of this account is how simple it is.
There's no need to sign up for a credit card, mortgage or loan to unlock the benefits. Just download Mashreq Mobile App, which is the top-rated banking app in the UAE with a 4.8 rating, and open a NEO PLUS Saver Account.
On the app, there are a couple of wealth creation features as well, like fee-free US stock trading, mutual funds, bonds, thematic investments and more.
On the latest product, Radu Topliceanu, the Global Head of NEO at Mashreq, said, 'Mashreq NEO has always been about creating intuitive, high-value banking experiences that fit into our customers' lives.
'With NEO PLUS Saver Account, we are setting a new benchmark for what digital savings can offer in the UAE – unmatched returns, no hidden requirements and a fully digital, customer-first journey from start to finish.'
The feature can be accessed exclusively through Mashreq Mobile App. What are you waiting for? Download now and get saving.
Download Mashreq Mobile App (Web)
Download Mashreq Mobile App (Mobile)
Time Out does not offer financial advice.
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Time Out Dubai
2 days ago
- Time Out Dubai
Mashreq launches NEO PLUS Saver Account with savvy interest rates
A whopping 6.25 percent interest rate on savings? Tell us more. Mashreq has just launched a new savings account that's simple, rewarding and available whether you earn a salary or not. Introducing NEO PLUS Saver Account which allows salaried customers to earn 6.25 percent interest per annum plus get a cashback of up to Dhs5,000 when they transfer a salary of Dhs10,000 or more to their Mashreq NEO Account. That's not all – you can also pocket a salary bonus of Dhs3,500, plus an early bird cashback of up to Dhs1,500. Not a bad way to kick-start your savings goals. Can't transfer salary? No problem. By maintaining a balance of Dhs50,000 or more in your NEO PLUS Saver Account, you'll still get a solid 5 percent interest on your savings per annum. There's also an early bird cashback of Dhs1,500, including 5 percent cashback on debit card spending and Dhs300 cashback on remittances. One of the strongest features of this account is how simple it is. There's no need to sign up for a credit card, mortgage or loan to unlock the benefits. Just download Mashreq Mobile App, which is the top-rated banking app in the UAE with a 4.8 rating, and open a NEO PLUS Saver Account. On the app, there are a couple of wealth creation features as well, like fee-free US stock trading, mutual funds, bonds, thematic investments and more. On the latest product, Radu Topliceanu, the Global Head of NEO at Mashreq, said, 'Mashreq NEO has always been about creating intuitive, high-value banking experiences that fit into our customers' lives. 'With NEO PLUS Saver Account, we are setting a new benchmark for what digital savings can offer in the UAE – unmatched returns, no hidden requirements and a fully digital, customer-first journey from start to finish.' The feature can be accessed exclusively through Mashreq Mobile App. What are you waiting for? Download now and get saving. Download Mashreq Mobile App (Web) Download Mashreq Mobile App (Mobile) Time Out does not offer financial advice.
Reuters
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Too high a premium for mined rare earths could see consumers cutting down their use, while premiums that are too low would not be enough to allow for construction of ex-China projects, analysts and consultants say. Automakers are willing to pay more to guarantee ex-China supplies, but they are also in the midst of an EV price war that has left them with razor-thin margins, and will still be queasy at what they regard as excessive premiums, according to industry participants. One executive at a rare earths company said their firm has held discussions with automakers that are prepared to pay $80 per kg for neodymium-praseodymium oxide (NdPr), a rare earth needed for magnets used in motors and generators - a figure Reuters has not independently verified. That is already a significant - near 30% - premium over the Chinese price of $62 based on data from price reporting agency Fastmarkets. 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