Returns start from 0.5 to 1.5% per annum

Doha 03 May, 2015: Mashreq Qatar, one of the leading financial institutions in the region is synonymous with unique and innovative financial solutions especially in the online space to accommodate customer needs. The launch of the popular 'Step Up Savings Account' in the award winning MashreqOnline banking platform is yet another value added feature offered to customers.

Step Up savings account is a capital guaranteed savings solution that can be opened instantly without having to fill any form or visit any Branch. As the funds deposited in the Step Up account increases; the rate of interest earned increases as well ranging from 0.5% to 1.5% per annum.  Customers can now open the account by simply visiting www.mashreq.qa/login

Niranjan Mendonca, Head of Retail Banking commented on the announcement: "Online banking is becoming more and more significant and we have noticed how customers are becoming more accustomed to it. Given that need and for providing simple and easy saving products, we have launched the online service to open the saving account. . Our customers can now open the Step Up Savings Account instantly without any charges through MashreqOnline. We constantly endeavor to come up with the smart solutions that work best for our customers' everyday requirements, therefore we have put transactional flexibility and savings benefits within one single account making saving an easy activity".

In order to benefit from other savings solutions offered by Mashreq, please visit www.mashreq.qa

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About Mashreq:
Mashreq is the leading provider of financial services in the Middle East & North Africa and has offices New York, London, Hong Kong and across the world. Founded in 1967, the bank has played a pioneering role in the industry, particularly in retail banking. Among its many firsts, it was the first bank in the region to launch such products as travelers' cheques, credit cards and ATMs.  Mashreq has received numerous international awards reflecting the bank's successful record, such as Gallup Great Workplace Award 2014, Best Regional Retail Bank by Banker Middle East Industry Awards 2014, Best Credit Card, Best Debit Card by Smart Card Awards Middle East 2013, and Best Internet Bank in Qatar consecutively from 2008 to 2014 by Global Finance Magazine, New York.

Mashreq Qatar has been offering a full suite of financial solutions for personal banking, corporate banking and SMEs for over 40 years.  Mashreq Qatar constantly strives to provide our customers with the most rewarding banking relationships.  Mashreq's combination of personalized service and award winning electronic banking enables our customers to enjoy world class banking services from the comfort of their home/office.  Mashreq remains the only bank in Qatar to offer its customers unique benefits like Qatar's largest card discount program, the Majestic bundle offering free gifts worth thousands of rials, the Salaam Loyalty Program that lets customers earn points not just on card spend but across their banking relationship, the Platinum Elite credit card offering a wide range of free services including access to the VIP Oryx Lounge at Hamad International Airport, AAA roadside assistance, discount vouchers worth QAR 5,000 and much more. Mashreq Qatar aims to be world class in every facet of its business; including its social responsibility to the community it serves in. Mashreq Qatar has established a state of the art facility, Mashreq Learning Systems Centre of Excellence, which provides employees with top class training to help improve the skill-set of bankers in Qatar.  Mashreq also has a particular focus on recruiting, training, developing and retaining Qatari employees

For further information, please contact:  
Huda Ismail 
Mashreq 
PR and Events Manager 
Tel: +971 4608 3629 
E-mail: hudai@mashreqbank.com

Aseel Bardawil 
Hill & Knowlton Qatar 
Account Executive 
Tel: +974 4441 4781 
E-mail: aseelziad.al-bardawil@hkstaretgies.com

© Press Release 2015