Watch your returns grow with your account balance.
The interest schedule for the Step-Up Account is based on deposit tiers
Balance Interest Rate
AED 5,000* - 14,999 0.75%
AED 15,000 - 49,999 1.25%
AED 50,000 - 249,999 1.75%
AED 250,000 and above 2.00%
* A minimum balance of AED 5000 is required in the account to be eligible for interest in any particular month.
Step-Up Account
The Step-Up Account from Mashreq puts you in charge of your savings plans. The higher your balance, the higher the rate of interest it earns. It offers you the flexibility to conduct your transactions, pay bills or transfer funds while continuing to earn returns. You get all the benefit of a savings account with the flexibility and transaction capability of a regular account.
The benefits of the Step-Up account include:
- High interest bearing savings account with the flexibility and transaction capability of a regular account
- Low monthly minimum balance requirement of AED 1000. A nominal fee of AED 50 is applicable only if your account falls below this amount during the month.
- Up to 3 free teller transactions each month and access to a network of over 170 ATM's around the UAE
- Ability to withdraw or transfer your funds at any time
- Ability to pay your bills through our online banking services or through one of our 170 ATM's around the UAE
Terms and Conditions
- Interest is calculated on the average balance maintained in the acount. The interest rate applicable is based on the minimum balance maintained during the month (see interest table on the left)
- Interest is credited on a quarterly basis
