SRS

SRS simplifed

I do not understand why people are worry about locked down in SRS, where you can invest. Here is an simplifed example of a first timer who open SRS account and invest, compare to similar “locked down” in fixed deposit. Figure shows $15300, the maximum amount per year contribution.

SRS in year 2017

https://www.moneysmart.sg/fixed-deposit

Now go to the URL above and enter similar amount, and see how much interest it generates per year from different banks.

Picture of Fixed Deposit calculation

Conclusion - Believe any investments you made “blindly” in SRS definitely still give you a better returns.