Log in recently, what is KDI trying to do by knowing users' ethnicity?
https://pictr.com/images/2022/10/14/EETPS5.md.png

hopefully next Save promo can raise to 4%    

Hmm...I may be wrong, I did a quickie on excel and it came out right for all my accounts.
This is the formula I used. It came out exactly the interest accrued for today :

=ROUND((((50000)*(1+3.5%)^(1/365))-(50000))+(((current value-50000)*(1+3%)^(1/365))-(current value-50000)),2)

*side note, don't forget to calculate the "compounding" factor. Put it in another way, that interest amount will only compound to a total of 3.5% after 365 days. The interest accrued is not linear, starts less and increasing ever so slightly.. So daily percentage is not equal.. Its increasing by the day.

In other words, it's not 3.5% p.a. unless left there for 365 days.

P. A. is 3.5%...but how it gets there is stated individually. Example, FD 12 months, they give it to you by then, but for KDI Save, they did say 3% compounded daily. So they are giving it to you, just not in linear form where its divided into 365 interest payments.

If its still confusing, try putting it as simple as possible into excel, drag it down to 365 days, look at each row, and see the effect of compounding.

(unsure, stand to be corrected)..

I certainly hope I'm right, otherwise I'm cheated as well.. Haha..oh well..

Anyway, to each their own..  have fun..

I read an article saying that :
KDI Save does not guarantee returns. Even though it invests in low-risk Fixed Deposits & Money Market Instruments, returns are still subjected to market fluctuation.

Does that mean it's still possible that I don't earn lesser interest than what they have advertised ?

do you mind quote/provide the link of the article?
not sure about the return of the fund itself
but for now the return you receive is exactly the EAR as advertised (until further notice)
unless they announce revision to the return or they go bust, you will get the advertised return for the time being

currently, most mmf advertise 'projected return' up to
but KDI provides fixed return for now

Thanks for answering !
Yeah, I think it should be fixed regardless of the market fluctuation.

This is the article I read.
https://nomoneylah.com/2022/10/04/kdi-save-review/

the current FD rate in bank is between 1% to 2%..so this is good right?

the current FD rate in bank is between 1% to 2%..so this is good right?

Versa

Here’s the news you’ve been waiting for! Starting 1 November 2022, you’ll enjoy 4%* p.a. net returns until 31 Jan 2023.

For the month of October, you will continue to enjoy 3.2% p.a. net returns with Versa Cash.

Learn more about it here: https://versa.com.my/versa-cash-3-2-net-ret...rate-promotion/

Don't miss out - deposit in Versa Cash before 1 November 2022 to maximise your earnings!

#YouCanDuit

let see if KDI will update any better rate coming two weeks before Versa 4.0% starts

mass withdrawal a couple of days before will do the trick

mass withdrawal a couple of days before will do the trick

Yes  come do mass withdrawal
Today i sent RM200k x5  out
to citibank 4.8% FD.

Baru deposit yesterday
Time to withdraw today and put into versa.

gogogo kdi Save dare dare give 4.5% in next promo 

Versa only first RM30k can earn 4%.
KDI save first RM50k can earn 3.5%

https://versa.com.my/versa-cash-3-2-net-ret...rate-promotion/

Best to split out between the two if u have large funds. Remaining funds allocate to which is higher.
1st November start bro. Continue use KDI Save first 😄