Your Mashreq Step-Up Saver Account helps you accumulate healthy savings. Your interest accelerates month-on-month. You receive interest starting from 0.05% per annum in month 1 going up to 2.00% per annum in month 18 on the balance of your deposit. You will receive a cumulative interest of 0.90% at the end of the 18 month tenure.
We keep the premature withdrawal charges to the absolute minimum. A penal rate of 0.5% is charged on the interest applicable for the total period for which the deposit has run.
|Month||Annual Interest Rate||Month||Annual Interest Rate|
In case of a premature withdrawal of Step-Up Saver, a penal rate of 0.5% is charged on the the interest applicable for the total period for which the deposit has run.
A flexible Deposit Account that offer attractive rates of interest you would expect and the freedom to draw on your funds at any time.
Flexible time periods ranging from 7 days to 1 year
Free secured credit card/overdraft
Withdraw your Fixed Deposit at any time