Step-Up Account

The Step-Up Account from Mashreq puts you in charge of your savings plans. The higher your balance, the higher the rate of interest it earns with the flexibility to conduct your transactions, pay bills or transfer funds while continuing to earn returns.

The benefits of the Step-Up account include:

• Flexibility and transaction capability of a regular account with the benefit of a high interest bearing capital guaranteed account. 
• Ability to withdraw or transfer your funds at any time

The interest schedule for the Step-Up Account is based on deposit tiers

• 5% per annum for a balance between
  EGP 4,000 and EGP 39,999
• 6% per annum for a balance between 
  EGP 40,000 and EGP 249,999
• 7.5% per annum for a balance above
  EGP 250,000