UAE’s National Bonds investments increased to $2.4bln in 2020

UAE’s National Bonds investments increased to $2.4bln in 2020

It was also announced that, those with holdings of AED1 million or above earned a minimum return on investment (ROI) of 2.95 percent, one of the highest in the region. Meanwhile, the current market EIBOR rate for 1-year is 0.50 percent.The earnings on holdings were as follows: those with holdings ranging from AED350,000 to AED1,000,000 earned a minimum ROI of 2.45 percent, from AED150,000 to AED350,000 earned a minimum ROI of 1.80 percent, those with AED100,000 to AED150,000 enjoyed a minimum ROI of 1 percent, while accounts ranging from AED50,000 to AED 100,000 reached a minimum ROI of 0.85 percent. in addition, bondholders also received enhanced return on investment through National Bonds' extensive reward program which distributed a staggering AED35 million worth of rewards during 2020, (from Mudarib's own funds).Aside from profits, the company's number of regular savers rose by 21 percent year-on-year in 2020; while the digital sales made via its enhanced mobile application and website climbed by more than 217% compared to the year before. Since its inception, the company has distributed 5.66 million prizes worth AED658 million rewarded to both Expats and UAE nationals.National Bonds' Chairman, Khalifa Al Daboos, expressed his pride at these numbers. "Last year