There are many established ways on how to grow your money faster in the short-term, such as the following:
- Fixed deposits
- Singapore Savings Bonds
- Short-term endowment plans
Each product helps to fulfil different needs based on your investment time horizon and financial situation.
Below are various ways on how to grow your money quick.
Grow your money over 3 years with SavvyEndowment 1
So what is it really about?
SavvyEndowment 1 is a 3-year endowment plan with a single premium. That means all you have to do is pay one premium upfront at the start of the plan, and then wait for your money to grow.
At the end of your endowment plan, you will receive a maturity benefit consisting of a guaranteed maturity value and a non-guaranteed maturity bonus.
At the end of three years, the guaranteed portion of the maturity benefit is equivalent to 103.5% of the single premium you paid at the start of the plan.
What about the non-guaranteed maturity bonus? With a higher illustrated investment rate of return of 2.64%, your total yield at maturity is 2.22% p.a.^
During the tenure of your plan, in the unfortunate event of death, your dependents would receive lump sum coverage equivalent to 101% of the premium paid.
What kind of person is SavvyEndowment 1 ideal for?
If the following sounds like you, SavvyEndowment 1 might be a suitable addition to your portfolio:
– You have short-term goals to work towards – Perhaps you are aiming to go on a round-the-world trip or buy a new car. SavvyEndowment 1’s investment horizon of 3 years means you can cash out just in time to achieve your goals.
– Love the ease of applying online – Applying for SavvyEndowment 1 is extremely simple. Your particulars are auto-populated and there is no need for you to make a trip down to a bank branch.
Click here to find out more about how to start growing your money with SavvyEndowment 1.
the above steps can will helo you on how to make your money grow fast
^ At the lower illustrated investment rate of return of 1.39% p.a., the total yield at maturity is 1.15% p.a. The two rates, 1.39% p.a. and 2.64% p.a., are purely illustrative and do not represent upper and lower limits on the investment performance of the Participating Fund. The Illustrated Yields at maturity are not guaranteed and do not represent upper and lower limits on the yield you could receive on this participating policy.
Disclaimer:
The information in this article is meant for informational purposes only and should not be relied upon as financial advice. Users may wish to approach a financial advisor before relying on any advice provided by the website to make any decision to buy, sell or hold any investment product.
The information in this article is meant for informational purposes only and should not be relied upon as financial advice. Users may wish to approach a financial advisor before relying on any advice provided by the website to make any decision to buy, sell or hold any investment product.
