Do UAE bank offers ‘highest’ savings interest rate?

Deposit rate in UAE

Tired of getting a paltry interest rate on your savings account? Savers in the UAE can now have the opportunity to earn a higher return on their money.

Mashreq announced that they are offering a 4 per cent interest on its new savings product, the highest so far in the market today.“This represents the highest interest rate investors can currently find in the market,” the bank said in a statement sent to Gulf News.

"The highest interest offered in UAE for fixed deposits is 1.5 per cent by CBD, followed by 1.4 per cent from ADCB - on a 12-month tenure," said Preeti Bhambri, managing director of personal finance website

Published: Gulf News-February 10,2015