UAE National Bonds recently announced a ‘Second Salary’ plan for expats and nationals in the country with the aim to help residents generate additional income.
The customised savings solution is the first part of a long-term programme aimed at providing the best retirement plans in the UAE.
For instance, if customers save AED 5,000 monthly for 5 years, they can expect to receive AED6,125 monthly for the next 5 years (inclusive of expected profit).
Phases of the plan
- Saving phase, where customers place money into National Bonds every month for a period of their choosing between three and 10 years
- Income phase, where customers begin drawing income every month, receiving their base investment amount monthly plus their accumulated profit
Conditions and benefits
- Minimum requirement AED1000 per month
- Eligible to earn monthly income
- Expected profit rate of 4.07% p.a., reinvested monthly, for the whole duration of tenor
- Entries in AED 35 million Rewards Program draw (up to 35 chances)
- Waived subscription fee if held until maturity
- Lumpsum investment option to boost monthly income
- Flexibility to select saving period tenor and income period tenor
- Full amount redeemable after 90 days
How to sign up
- Vist the official National Bonds website www.nationalbonds.ae
- Click on the ‘Personal’ header then select ‘Products’
- Select ‘Second Salary’
- Click on ‘Apply Online’
- Fill in in required details including full name, contact number and email.
- Select ‘Submit Form’
- Customers will then be contacted via email from the National Bonds team with further details
Customers have the option to receive their savings in a single lump sum, rather than as monthly payments. This allows them to achieve their financial objectives, such as paying for education expenses, making a down payment on a home, or investing.
Mohammed Qasim Al Ali, Group CEO of National Bonds, said, “We created the Second Salary plan in response to the growing demand for ways to create a sustainable extra income for our customers. We take pride in offering a highly personalised and flexible savings plan in Second Salary, which provides UAE residents with an affordable seamless enabler to achieving financial security. Our commitment to innovation in the industry remains steadfast as we constantly strive to develop new innovative avenues for our customers to enhance their financial futures.”
Follow us on
