Picture for illustrative purposes only. ARCHIVE

National Bonds launched on Monday (October 2) the “My One Million” plan, allowing individuals and corporations to achieve Dh1 million in combined savings and profits. The newly introduced plan allows customers to select a tenor ranging from 3 to 10 years. Customers also have the option to make a lump-sum investment. Companies can also contribute on behalf of their employees, either partially or in full, thereby enhancing employee retention. Rehab Lootah, Deputy Group CEO of National Bonds, said, “Our mission is to empower individuals and corporations alike with knowledge and opportunities that foster lasting financial prosperity within our community. With the launch of ‘My One Million’, becoming a millionaire is a choice that every individual can make.” Enrolling in the plan through the app or any of National Bonds’ branches is a simple process. Customers can begin by choosing the plan’s duration; then they can set up the monthly contribution. Additionally, they can make an initial savings amount, which is optional and applies to both individuals and corporations. For instance, if a customer chooses a 10-year plan and decides to initiate their investment with a lump sum of Dh100,000, the monthly contribution required to reach Dh1 million by the end of the term will be Dh6,200. “My One Million” customers also stand the chance to win rewards and cash prizes, including National Bonds’ Dh35 million rewards programme, plus the Dh1 million draw that takes place every quarter and the annual raffle draw for 16 luxury cars. ICA/Expat Media
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