| Minimum Balance Required | Annual Return | Features | |
|---|---|---|---|
National Bonds - myPlan
|
Minimum Balance Required: AED 100 | Annual Return: 2.82% | Features: Sharia Compliant |
With myPlan, you can enjoy the perks of having extra money in the future by choosing to pay yourself first today.
If you’ve been using Direct Debit to pay off your bills, myPlan will be the one monthly transaction that will bring you plenty rewards in the future.
Saving made simple
- No minimum balance required
- Hassle Free
- Automated Savings
- Annual return
- Exclusive prizes
- Extra Chances to win prizes
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years:
This is the original term or length of the product, stated in years.
Effective Monthly Payment:
This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%):
The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
