Mashreq, financial institutions in the UAE, and noon, digital e-commerce platform, partnered to launch the Mashreq noon VIP Savings Account.
The initiative is the latest solution as part of a long-term partnership between the two organizations and follows the launch of the Mashreq noon VIP Visa Credit Card last year.
As the first of its kind co-branded savings account in the UAE, the Mashreq noon VIP Visa debit card will provide customers with a range of unique benefits including a competitive cashback rate of 2% on all purchases made with the card on noon, noon Grocery, NowNow and SIVVI, 0.10% cashback on all other retail spends, up to 0.50% interest on saving account balance.
Account holders will also receive a free noon VIP membership and access to the full range of Mashreq’s products and services, such as mobile banking platform, foreign currency accounts, fixed deposits and remittance services.
“We’re proud to offer our valued customers on noon the region’s first co-brand savings account, catered to a wider demographic of shoppers than before. Our team has been working hard to provide shoppers with a bigger saving incentive through competitive interest rates on saving account balance whilst continuing to elevate the Mashreq noon VIP shopping experience they know and love,” Mosam Gadia, Senior Vice President at noon payments, said.
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