A lot of work to be done to turn saving into a lifestyle practice,' says National Bonds CEO
Preeti Bhambri, managing director of MoneyCamel.com, said that National Bonds is a good investment product for those who are able to maintain savings worth Dh50,000 to Dh100,000 for at least a year.
She noted that not every National Bonds saver receives the highest profit rate and the amount of return depends on a number of conditions.
The company's "Step Up Bonds" product, for example, which offers 4 per cent profit, requires a minimum investment of Dh50,000 and savers who opt for this are not eligible for prize draws. The same product offers 2 per cent interest at the end of one year and 3 per cent at the end of two years. This also requires a "lock-in period" of 90 days.
Published: Gulf News- March 11,2015