How do you save AED 1,500 in a year on your Mashreq noon Savings Account & Debit Card?
| Shop on |
Spends/year |
Earn (%) |
Cashback/Savings |
| 2% unlimited cashback* on noon, NowNow, SIVVI |
AED 40,000 |
2% |
800* |
| 0.10% unlimited cashback* Anywhere else |
AED 60,000 |
0.10% |
60* |
| Total |
|
|
860 |
*Credited as noon credits
Illustration for interest savings
[1] [2] [3]
AED 100,000*1.10%*30/360 = AED 91.67
[1]Average balance for the month
[2]Applicable annual interest rate
[3]Annual rate converted into monthly pay out
[4] Total interest for the month credited at the end of the month
Expected interest savings for the year = AED 1100
Please note: The interest calculation is for illustrative purposes only. The actual interest amount will depend upon the number of calendar days in a month
Related Articles
What is the Mashreq noon Savings Account?
Mashreq noon Savings Account is a specially designed account by Mashreq Bank in association with noon and Visa, combining the convenience of a digital bank account with rewarding transaction privileges. Plus, you get a Mashreq noon Debit Card that’s ...
How do you save over AED 3,000 in a year on your Mashreq noon Credit Card?
Savings Illustration for reference: Shop on Spends Earn Cashback/Savings noon, supermall, noon Minutes, noon Food, Namshi NowNow, SIVVI 40,000 5% 2,000 Welcome bonus* - - 1000 Anywhere else 60,000 1%** 600 *credited as cashback in your credit card ...
How can I apply for Mashreq noon Savings Account?
Apply for Mashreq noon Savings Account
What are the key benefits of the Mashreq noon Savings Account?
2% cashback (noon credits) on noon, NowNow, SIVVI 0.10% cashback on everything else No minimum balance required Up to 1.10% p.a interest Lifetime free debit card Salaam points on the account balance 1 free international transfer per month Instant ...
Will I become a Mashreq noon member?
Yes, you will become a Mashreq noon Member automatically after 24 hours when your Mashreq noon Debit Card is activated. Please note: The membership is applicable for a 1 year period.