NOW The Mashreq Bank offers the highest rates of interest and financial benefits

Abdallah Shahin - | Business

Via "New Groups," "Mashreq" Bank delivers better interest rates and financial advantages، Customers of "Mashreq" Bank have the opportunity to extend an invitation to about fifty of their friends to become members of "New Groups," which offers the greatest possible rates of interest and financial prizes.

The Mashreq Bank has made an announcement regarding the establishment of Neo groups.

Neo Groups is an innovative new community banking product that was recently released by Mashreq. Clients of Mashreq and Mashreq Neo in the United Arab Emirates can now create groups, invite up to fifty friends to join, and collectively enjoy better interest rates on their savings with the bank as the group members deposit more money.

Characteristics of the New Mashreq Bank Groups

Users are able to communicate with a Neo Group and track its activity in real time through the use of Mashreq mobile banking applications, which make creating a Neo Group a simple process.
The group leader who recruits a new member is eligible for a bonus of 200 dirhams for each successful referral, in addition to excellent interest rates that can reach up to 4.50%.

Towards accomplishing these goals, Mashreq Bank will be introducing new high-interest groups.

"Mashreq clients are ambitious, and they also have a wealth of ideas and distinctive aspirations for a brighter tomorrow," Fernando Morillo, Head of Retail Banking Group at Mashreq, said in a statement.
We want to go above and beyond our traditional duty as a financial partner to our customers by offering them this innovative new product, which will make it possible for us to assist them in achieving the goals they have set for themselves in life.
The introduction of "Neo Groups" will, without a shadow of a doubt, strengthen Mashreq's status as an innovative bank that fulfils the lofty expectations of its clientele.
Our product, which gives users access to banking services while also incorporating a social component, paves the path for our clients to make the most of their savings and further their financial well-being.

Higher interest rates are charged to consumers of Mashreq.

The Head of Mashreq Neo and Personal Banking at Mashreq, Radu Topliciano, made the following statement: "We are committed to provide new solutions that fulfil the diverse demands of our customers and assist to boosting the returns of their investments." And now, thanks to a product called "Neo Groups," which is the first community deposit product ever offered on the market in the UAE, customers are able to collaborate with one another in order to obtain higher interest rates, even if they do not have particularly large sums of money in their accounts.
We take great pleasure in assisting our customers in moving forward to establish a stable financial future and realise their financial objectives.

Poll results

According to Tobliciano, a survey that was carried out by the consumer research department of Mashreq revealed that more than eighty percent of respondents want a risk-free investing option that will provide them with guaranteed interest rates.
The survey also revealed that customers are eager to utilise the "WhatsApp" programme as a tool to promote a community banking product, in a way that is beneficial to them as well as their friends and families.

The benefits that come along with becoming a Mashreq Bank customer

As the digital bank in the region with the most rapid expansion, Mashreq Neo provides a cutting-edge alternative to the conventional personal banking options that are available.
As its customers complete their regular banking activities, this digital bank makes the experience easier and more streamlined for them, saving them time and effort in the process.
Mashreq Neo is well-known for offering cutting-edge solutions, such as Neo NXT, a bank account designed for individuals between the ages of 12 and 18 that enables account opening in fewer than five minutes, authentication through the use of facial recognition technology, and the establishment of non-resident accounts.
Over the course of the past year, Mashreq has seen a 20% growth in the number of consumers who have chosen to acquire banking products and services through digital channels.

About Author

Abdallah Shahin
Abdallah Shahin
690 Total posts


Read Also

Business
Abu Dhabi launches massive $6bn Arabian Hills project on Dubai to Al Ain road

The Arabian Hills Real Estate Development Company proudly unveils its flagship project, the Arabian Hills Estate, marking a significant milestone in the realm of real estate development in Abu Dhabi.

Business
Urgent UAE: Implementing the “noon work ban” starting mid-June

The Ministry of Human Resources and Emiratisation has declared the implementation of a prohibition on working outdoors in direct sunlight and open areas. This ban will be in effect from June 15th until September 15th, between the hours of 12:30 PM...

Business
UAE: 5 potential risks of “remote” work

The UAE Government Cybersecurity Council emphasized the significance of safeguarding the remote work environment, highlighting the potential hazards that users may encounter on their devices. It emphasized the need to deploy robust security measures...

Business
A statement from Sheikh Mohammed bin Rashid regarding work in the private sector

It is His Majesty In the United Arab Emirates, Sheikh Mohammed bin Rashid Al Maktoum, who holds the positions of Vice President, Prime Minister, and Ruler of Dubai, assessed the outcomes of the Emiratization plan implemented in the private sector....

Business
Future Jobs in Emirates: The labor market is a criterion for choosing a field of study

Academic advisors have verified that the labor market has experienced significant transformations in recent years, profoundly impacting university majors. These changes have redirected students' focus towards emerging majors that were previously...

Business
Dubai Police announces 150 vacancies

By announcing the availability of 150 job opportunities for national and reserve service recruits, the Dubai Police General Command is providing these individuals with the opportunity to become part of an innovative and advanced police work...

Business
UAE jobs: Emirates hotels provide 4,000 new jobs

The best hotels in the Emirates provide employment opportunities for thousands of job seekers. job seekers in the uae hotels

Business
Dubai: A company made 16 of its workers millionaires in their honor

In Dubai, a company has made sixteen of its employees millionaires in their honor.

Business
Dubai Court: Worker compensation of 500 thousand UAE dirhams

The Dubai Civil Court has issued a ruling that mandates a restaurant and two of its supervisors to provide a sum of 500,000 dirhams to a worker who sustained a wrist-level amputation as a result of their right hand slipping into a meat-mincing...

Business
What happens after applying for a work permit in Canada?

Prior to coming to Canada, it is necessary to submit an application for a work permit. Foreign workers who wish to apply for a visa while located outside of Canada will be required to submit their application to a visa office situated outside of...

Business
UAE: the details of the 10-year golden commercial license for expatriates

The United Arab Emirates has announced a golden commercial license for expatriates that is valid for ten years.

Business
UAE: Important statement to citizens and residents when purchasing from sales outlets

Abdullah Sultan Al Fan Al Shamsi, the Assistant Undersecretary of the Ministry of Economy for the Commercial Control and Governance Sector, emphasized the importance of consumers retaining purchase invoices. This is crucial as these invoices serve as...

Business
Dubai: A fine of 100,000 dirhams will be imposed on the establishment owner who violates the labor law

The Dubai Court of First Instance issued a second ruling against the establishment owner for violating the Emiratisation policy in the "Nafes" program. The owner was fined 100,000 dirhams for engaging in fraudulent Emiratisation practices....

Business
The UAE announces the details of reducing working hours in Ramadan for the public and private sectors

Workers in the private sector will have a two-hour break each day during the holy month of Ramadan, according to an announcement by the country's Ministry of Human Resources and Emiratisation.

Business
UAE: Banks warn against closing credit cards in this case

Banks in the country will close credit cards with balances exceeding the allowed credit limit starting May 1st, as per new terms and conditions sent to customers, a copy of which was obtained by Emirates Today.

Business
UAE: Announcing an increase in gasoline and diesel prices starting in March

The Fuel Prices Monitoring Committee has authorized a rise in gasoline and diesel prices for March 2024, with an increase ranging from 15 to 16 fils per liter for gasoline and 17 fils per liter for diesel compared to February 2024 pricing.

Business
Bitcoin price reaches $60,000 and is approaching its highest level

The price of Bitcoin is close to reaching its highest price, as it is currently at $60,000

Business
UAE: Announcing job opportunities with salaries from 5,000 to 20,000 dirhams

The portal "Kaddar", linked to the Human Resources Department in Ajman, provided job opportunities for citizens in various government and private sectors in the emirate. The Majid Al-Futtaim Group announced 15 job openings with wages...

Business
Canada announces lucrative job opportunities that do not require a certificate

Canada announced that there are many good jobs that can be accessed without a university degree, and these are some of them:

Business
Urgent UAE: Categories excluded from the provisions of the “New Pensions Law”

The General Pensions and Social Security Authority stated that Decree Law No. (57) of 2023 applies to citizens entering the workforce for the first time starting from October 31, 2023, with any employer in the federal government or local...

Business
Urgent UAE: The employer will be fined from 50 thousand dirhams to 200 thousand dirhams in this case

The Ministry of Human Resources and Emiratisation has cautioned private sector businesses and employers not to hire persons without valid work permits from the Ministry, even for trial employment, whether in businesses or as support staff.

Business
Abu Dhabi: Ruling that a female employee is entitled to compensation amounting to 120 thousand dirhams

The Abu Dhabi Family, Civil and Administrative Claims Court mandated a corporation to pay an employee 120,000 dirhams for breaching an employment contract where she was supposed to work for a salary of 37,000 dirhams. After the company requested...

Business
Dubai announces good news after reaching its highest level in 10 years

Dubai recently shared positive news regarding the Dubai Financial Market Index, which reached its highest point in over a decade at the close of trading two days ago. This increase was driven by strategic purchases of prominent stocks with robust...

Business
Dubai: fining the owner of the facility of 100 thousand dirhams

After finding the facility owner guilty of misusing a declaration of work for an unauthorized purpose, a first-degree court in Dubai fined him 100,000 dirhams.

Business
Gulf Air launches new Bahrain flights to Switzerland, Greece, Spain, UK, Italy

For the summer of 2024, Gulf Air will provide more flight routes from Bahrain to Switzerland, Greece, and Spain, giving tourists more alternatives for where to go on vacation.

Business
Work interviews: 7 errors prevent you from winning the offered job

One of the most crucial parts of recruiting is doing interviews; this is where a candidate can show the hiring manager all the great things about himself, including his experience, education, and personality traits. On the other hand, a lot of people...

Business
A statement of pensions on the rules of debt deduction from the pension or the end of service bonus

The General Authority for Pensions and Social Insurance has issued a circular to government and private sector work authorities, informing them about the regulations for deducting from pensions or end-of-service gratuities in accordance with Decree...

Business
Urgent UAE: Human Resources decision for private sector companies due to weather conditions

Companies in the private sector across the country were urged by the Ministry of Human Resources and Emiratisation to be flexible with their employees' schedules during the season of unpredictable weather.

The best job in the world in Abu Dhabi is available to everyone, and the salary is $100,000