National Bonds 2012 Profit Announcement
Once again National Bonds delivers on the promise and announces annual returns of 2.62% on its savings scheme for 2012, making National Bonds one of the most rewarding savings scheme in the region. The returns comprises of a profit rate (of up to 1.5%) and earnings through prizes and incentives of 1.12% distributed during the year by the Company from its own funds.
The announced returns are much higher than the average returns distributed by local banks during 2012 on saving accounts and fixed deposits, whereby the average rate of returns on saving accounts was 0.58%, while the average rate of returns on one month fixed deposit was 0.97%. Moreover, National Bonds distributed during 2012 501,032 prizes amounting to AED 46,840,000. Upon comparison with the prize-linked savings certificates offered by some local banks, the nearest competitor distributed only 25,877 prizes amounting to AED24,865,000.
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