Get up to 5% anticipated profit rates per annum, credited monthly
Fast, simple, rewarding
Open your account instantly and enjoy the convenience of saving with attractive profit rates.
Access your savings anytime
anywhere using Mashreq Mobile App and Online Banking.
Benefits
Daily growth, monthly rewards
Profit calculated on your daily balance and credited monthly. Saving with Emirati Savings Account is effortless and rewarding.
Existing Mashreq customers can open Emirati Savings account through Mashreq Mobile App/Online Banking
It’s easy for Mashreq Customers.
Maximum savings
Start saving today. Simply maintain a balance of your choice as per applicable deposit tiers and enjoy monthly profits.
Simple & Easy
No paperwork to open the account.
Important
Mashreq Al Islami Emirati Savings Account does not come with a debit card. You can easily transfer funds from your savings account to your linked Mashreq primary/current account through Mashreq Mobile App, then use that account for cash withdrawals and everyday transactions.
Note: If you close your linked primary/current account, access to funds in your Emirati Savings Account may be restricted. We recommend transferring any remaining balance before requesting closure of your primary/current account.
Save in AED and US Dollars
Mashreq Al Islami Emirati Savings Account is available in AED and USD. Click here for anticipated profit rates.
Eligibility
Nationality
Exclusive for UAE nationals Only.
Mashreq Account
Customers who already hold an active Current Account with Mashreq.
Age
Must be 18 years old and above.
You will need an active account
Absolutely no paperwork! Simply open the account through Mashreq Online/Mashreq Mobile
Terms & Conditions apply.
Are you ready to apply?
Still got questions?
No
You can open the Emirati Savings Account in AED or USD only.
No. This account is available exclusively for Emiratis.
You may open only one Emirati Savings Account through Mashreq Mobile App or Online Banking platform.
Wakala is a Shari'ah-compliant agency contract in which the customer (principal) authorises the bank (agent or Wakil) to invest funds in Shari'ah-compliant investments with the aim to generating profits.
Mashreq Al Islami Emirati Savings Account does not come with a debit card. To access your funds, transfer money to your linked Mashreq primary/current account and withdraw using the channels available for that account.
You should transfer the balance from your Emirati Savings Account before closing your primary/current account. Access to funds in the savings account may be restricted once the primary/current account is closed.