less appealing than go+ / versa currently in terms of return

lock-in period should yield higher return
the FD rate prior to 20 Jan was more convincing for the switch 4.5% / 4.8%

Agreed wait till QR scan scam whereby it will turn auto debit automatically 🤦‍♀️

Which is why when I use TnG they scan me but Boost I scan them 😂

Instead of the usual 9pm-10pm, for first time, I receive the withdrawal fund credited to my bank account at 7pm

I considered this.

Some people here don't like the comparison between KDI and FD. In the end of the day, its your money and up to you on what you want to do.

For me, the money I have in KDI is long term and I don't really care much about liquidity. I could also park it in FD as well and earn more interest around 4%. But i am quite comfortable with KDI for now.

I don't see how KDI Save is long term if the interest rates are not better than FDs. I think you're talking about KDI Invest?

Pacific Trustee is working faster now 👏

Someone is rich which is why returns doesn’t matter 🤦‍♀️

If you can keep the money locked for long term then KDI save is not a suitable choice. I put in KDI save in case need to use it within this year or a few months, so still can get some dividends when withdraw

I have said this awhile back. It is not rich or poor issue. I park money in KDI instead of FD coz of liquidity issue. We (financial educated ppl) suppose to keep 3 months expenses (i keep more..6 to 12 months) in liquid form. Just in case you need money you can access it immediately. KDI save fits this role. ASM do as well but buying is a pain and sometimes you get some delay which is less ideal. Another one is savings which i use before kdi save appear. The issue with savings is it's only 0.1% interest? I still keep some for daily use and money that i need very very very liquid. But excess i put into kdi coz kdi save still gives me 3.5% EAR plus liquidity plus convenient. My salary goes into savings and i put aside some straight away to kdi to force myself to save. When kdi hit a certain figure then i withdraw and put somewhere higher yield but min i keep 3 months expenses in it. That's why kdi 3.5% is good. Even if FD is 5% and kdi still 3.5%, i still will not bother coz FD is locked money. It is like saying if 5 years FD is 5% and kwsp is 6% (assuming you are 30).. will you put all your money into kwsp knowing you still need at least 20 years before you can withdraw once? The answer confirm no. Even if 8% you still will think about it. You "might" put 50% money in. You will never put 100% in. Why? Coz you dunno when you need it. Kdi save is for temporary parking unused money. FD, kwsp, mutual fund, etf and other stuff requires 5 years minimum cannot touch (you can but it depends on your luck where the market is or you probably need to sell at a loss). KDI save is a temporary parking from savings to assets. If you understand this much then you will know why kdi is so good and why ppl use them. The 30k limit is plentiful. For those really really rich, they might still go for it coz of convenience and consolidation. Not everybody enjoys money being locked up for certain periods of time and not everybody likes money spread out over 10 places and then forget where some of the money is. Of coz some just know about it and nothing else. Kdi save is the simplest method out there. Some might be new. Some might be lazy. 😂 Whatever it is. 3.5% is not "that bad". The higher the better but not that bad.

no, i believe he refers to KDI Save
but he is comfortable with the return for now

yeah, it's interesting that since the liquidity is not an issue
and yet he preferred the lower return product without PIDM

I see. Means you use it as Emergency Cash storage lah. No need so long bro....TLDR. . But what you mentioned earlier gives the impression you rather have all your cash in KDI than higher yield FD for the long term which doesn't makes sense. Now that you explained, I understand,
For me Emergency means Sekarang jugak, KDI Save don't fit that criteria. I had it in another Higher yield Bank account but still lower than KDI Save of course, but priority is immediate access of cash, no question asked. KDI Save for me is only temporary storage until higher FDs are available. Never long term and definitely not for Emergency.

50K, not 30K.

I believe its technically 49,999.99 ..any amount after this including the 1sen gets 3%

I don't think i am the one who you quote just now. I just replying since ppl keep saying 3.5% low and why not just FD. Kdi save if you withdraw before 11am.. might be 11.30am but i do before 11am, you get on the day itself if it's working day. If you miss the time then next day working day. Pretty liquid to me. There is no such thing as i need it next minute. I have savings for that. When my savings "low" then i withdraw from kdi straight. I always have good buffer in savings and in kdi.

Edit: another thing is if i say tdlr version you (as in other ppl that is not me) misunderstand this and that and claim i this and that. If i explained in details for full clarity then ppl say i too lo so kepoh and long gas -.-" apa lagi lu meow.. 😂

Even better but i make it a target not to hit 30k just in case they move target closer again plus my one year expenses less than 30k i would have "bought" something when it is near that figure.

This post has been edited by Wolves: Feb 15 2023, 02:05 PM

Did you read properly because the poster said he put long term into KDI save 🤦‍♀️ so hence liquidity not an issue for him

Withdraw has to be done by 11am business day in order to process the withdrawal the same day not by might be 11.30am as stated clearly by KDI fAQ 🤦‍♀️ so do read on how it works

Kenanga quite silent these few months, didn't see them promote KDI Save / Invest anymore...
not like SA or Versa always having promo / campaign

This post has been edited by download88: Feb 15 2023, 05:20 PM

Yeah...maybe rugi kaw Kaw...most kiamsap and kiasu unkers.here all abused KDI Save and no put money into KDI Invest. Me included. Lol.

tried put 200, that day still rugi -13.xx, now become -8.xx
really no eye see

Anyone noticed today payout like a bit late? Weekend and pH I know is late. Today is holiday..?

Wah...you check daily? 👍🏻

They don’t need to promote because their AUM already hit 1billion in less than year 🤦‍♀️

SA doesn’t have promo for MMF while Versa most depositors are younger generation hence lower AUM means more marketing promotions 👏

That is why they limit only 50k 🤦‍♀️ otherwise they have to take care the banks and let their friends make some money

Forget about KDI Invest because it is not as transparent as you think and their robo for allocation is horrible 🤦‍♀️

Check again 🤦‍♀️ because I will received an email everyday sharp at 4.30pm on the payout