Dubai – Mubasher: Mashreq Egypt, a Cairo-based business of Mashreq Bank, has announced the highest annual return of 23% for its Mashreq NEO and e&Mashreq NEO Accounts.
The lender aims to provide customers with a significant return on their current account balances starting from a minimum balance of EGP 5,000, according to a press release.
This initiative is part of Mashreq Bank’s objectives to deliver the most competitive financial products to its customers.
By offering such high returns while keeping the flexibility of the current account as is, Mashreq seeks to secure flexible and profitable savings solutions for its clients.
This offer is valid until 31 December 2024. To benefit from it, a customer needs to open a Mashreq NEO or e&Mashreq Neo account by applying via the Mashreq Egypt app or My Etisalat app.
As for existing Mashreq NEO and e&Mashreq Neo customers, they only need to ensure that their account balance exceeds EGP 5,000 and the interest will be applied automatically.
Last September, a consortium including Arcapita Group Holdings Limited and Dgpays plan to acquire a majority stake in NEOPAY for an approximate enterprise value of $385 million.
