Easy Saver Accounts

The Easy Saver from Mashreq gives you the ideal combination of flexibility and ease of operation.

If you are already a Mashreq customer you can take advantage of our convenient online banking services to open your Easy Saver account instantly.

Key Features

Available in AED and USD
Interest credited every month based on monthly average balance*
No minimum balance requirement or monthly fee
Unlimited free online account-to-account money transfers within Mashreq*
With no Debit card, there is less temptation to withdraw your hard-earned savings

Benefits

Instant account setup with One click account opening for existing current / savings account holders through MashreqOnline
Open up to 10 free easy saver accounts through Mashreq Online and Personalize each one of them with the nick name feature **
You can now choose to save automatically on the Easy Saver account with the help of a Standing Instruction

* Any debit transaction other than standing order or loan recovery will be considered as withdrawal and will result in loss of interest for the month
** Withdrawal from one Easy Saver will not affect interest on the other Easy Savers.

Interest rates

AED (Dirhams)

Balance Slab (Average per month)	Interest Rate
0 to 199,999	1.10%p.a
200,000 to 999,999	1.20%p.a
1,000,000 to 2,999,999	1.50%p.a
3,000,000 and more	2.00%p.a

USD (US Dollars)

Balance Slab (Average per month)	Interest Rate
0 to 199,999	0.50% p.a.
200,000 to 999,999	0.75%p.a
1,000,000 to 2,999,999	0.75%p.a
3,000,000 and more	1.00%p.a

Interest rates effective from May 1st, 2013. Rates are subject to change.

Terms and Conditions apply.

Eligibility

Minimum monthly Income of AED 5,000
UAE residence visa holders
Non-residents on a visit or transit visa

Documentation

Application form
Valid Passport with residence visa page for Expatriates/Emirates I.D
In case of non-residents, a 2 month bank statement from country of residence