myPlan the best savings program in the UAE

myPlan the best savings program in the UAE

Aug 16 2018, 9:57 AM by NationalBonds

National Bonds myPlan

Annual return: up to 4 per cent

The National Bonds myPlan programme is a fixed-term deposit scheme where savers buy bonds running for a defined period of time.

Mr Richards says that National Bonds offers a series of savings options but myPlan is a winner because of how easy it is to start making your money work for you. “Essentially, you simply say how much you want to save every month and for how long, either 12, 24 or 36 months, and you get all your money plus profit, at the end of the term.”

You have no access to your cash throughout the term but this means the returns are much higher than on a standard savings account.

In 2017, returns range dfrom 1.28 per cent to 4 per cent, depending on which bond you bought, and the term. That top rate was paid on its Three Years Step Up Bonds.

Source The National

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