This article contains affiliate links. You can read more about affiliate links in my Editorial Guidelines. Let’s face it: banks are not going to provide you with attractive interest rates. Even if they do, you’ll have to fulfil different criteria to achieve it. So what can you do if you wish to earn a higher return on your savings? Perhaps it’s time to consider short term endowment plans like NTUC Income’s Gro Capital Ease! What is Gro Capital Ease? Gro Capital Ease is an endowment plan offered by NTUC Income. Here are 4 characteristics of this plan:

1. Short-term (3 year) plan
2. Non-participating
3. Single premium
4. No medical check-up required

Short-term (3 year) plan Gro Capital Ease is a short term endowment plan. You will have to lock up your money with NTUC Income for 3 years. Once the policy matures after 3 years, you will receive your initial premium plus the maturity benefit. Non-participating Gro Capital Ease is a non-participating plan. Such plans will only provide you with a guaranteed yield....