Amid the high volatility in equity markets in the UAE, small investors, who care about their capital protection, have plenty of options.
The best option for a savings plan is a bank deposit, which gives 1-2 per cent interest rate. In case of a slightly larger time horizon of about a year, there is another category of savings scheme that banks offer with a million dirham prize.
“These include Ghina Savings Account, Al Awwal Savings Certificates, National Bonds and of course the pioneer Mashreq Millionaire. These schemes offer 100 per cent capital guarantee and a chance to win up to Dh2 million dirhams in the grand draw,” Preeti Bhambri, managing director at moneycamel.com, personal finance and property portal, told Gulf News.
Published: Gulf News- April 4,2015