Second Salary, a customised savings solution designed for the national and expat populations of the UAE to produce additional income, has been launched, according to National Bonds. The program, which will eventually provide the finest retirement plans in the UAE, is just getting started with this plan.
Second Salary is a personalised additional income-generating option that aims to empower people by enabling them to maintain their preferred standard of living. The plan is divided into two major phases, the first of which is the "Saving" phase, during which customers invest money in National Bonds on a monthly basis for a duration of between three and ten years they select. The following "Income" phase enables the customer to start getting income each month, including their initial investment plus any accumulated profit.
Customers could anticipate receiving Dh7,500 per month for the following 10 years, for instance, if they saved Dh5,000 per month for the first 10. Customers could receive Dh10,020 per month for three years, which is more than double the amount they would have saved if they had saved Dh5,000 per month for five years but decided to repay within that time frame.
Customers who choose Second Salary must spend a minimum of Dh1,000 per month for a minimum of three years. Customers can design their Second Salary plan with complete freedom over the size and length of the saving and salary stages to ensure the security of a supplemental monthly income in the future. To achieve their financial objectives, such as paying for school costs, a down payment for a home, or investments, customers can also elect to redeem their savings as a lump sum rather than regular payments.
Customers of Second Salary have the chance to increase their financial security in addition to their economic freedom through exciting rewards and cash prizes from National Bonds. Depending on the length of the savings term they select, customers also have access to National Bonds' alluring AED 35 million rewards program, which greatly increases the chances of winning by up to 30 times.
National Bonds' Group CEO, Mohammed Qasim Al Ali, stated, "We developed the Second Salary plan in response to the increasing demand for methods to generate a reliable additional income for our clients. We take pleasure in providing UAE citizens with an affordable, seamless means of achieving financial security through our Second Salary savings plan, which is both highly individualised and flexible. As we continue to work to create fresh, cutting-edge ways for our customers to improve their financial futures, our dedication to innovation in the industry is unwavering.
Through its distinctive, straightforward, and adaptable solutions, National Bonds seeks to assist people in constructing longer-term prospects and financial health for the future by coming up with new ways to support the development of a stronger culture of saving in the UAE.
