treat it like putting money in Bank Rakyat. Don't have PIDM also. Then can sleep better.

Dont simply shoot Want to understand Bank Rakyat FD , goto FD thread and ask before simply saying things.

This post has been edited by magika: Mar 25 2022, 04:19 PM

Yeah, it baffles me why they rather go believe shit- stirrer...

Can't believe it .. why so much confusion over no compounded interest, how interest calculated ,
have doubt when withdraw , marketing trick etc...

Login your KDi save , see it for yourself, dont just listen to hearsay, dont just read
without understanding the points to the extent all you can see is only people arguing over few dollars and cents.
You are missing the forest for the trees.

You still insist no compound interest? let me show u.
Forget abt the base compounding gibberish.

Every deposit gets interest is biasa lah.
Compound means interest earn interest as well

It is hilarious that you could simply shoot interest should be RM0.1782 for me and that is proof there is no compounding
interest...

Do you even know my base deposits? If not how do you calculate?

If no compounding, my daily interest should be RM130.60
(200 x3%)+(1852 x2.25%)/365

But i am getting daily RM130.73, yesterday RM2168.99, today RM2299.72.

isn't that RM0.13 proof of compounding ?
(RM2168.99 x 2.25%)/365

This is not arguing about 13sen as if 13sen is so big. It is the big picture you must see, the product feature is being called into question, got compound interest or not, people asked?

KDI is not that bad
but arrogance n ignorance from some make it look bad

for those who are still blur blur, take home message
1)you get compounded interest daily
2)no penalty when you withdraw
3)Interest paid exactly as expected. 3% and then 2.25%




Attached thumbnail(s)

Very nice amount. 👍👏 There.. you solve the complex equation of compounding interest in KDI save.😄

This post has been edited by Davidtcf: Mar 25 2022, 06:31 PM

OTherwise they will take advantage of you


It should be 0.0082 to every rm100

It is already mentioned base compounded deposit which means your deposits stay the same amount unless deposits more while return portions is compounded

Go do your calculation again as it should be consistently higher of rm16.4383 for the 1st 200k while every subsequent 100k it gives 6.16438 only gives you around 128 and subject to fluctuations due to rounding

I was about to post that with calculation but you beat me to it.

Hope guy3288 willing to slowly discuss without getting emotional. My calc do tally at 0.008 sen too.

Maintaining same deposit, everyday the interesting amount must go higher and not just maintain at RM130.73



This post has been edited by magika: Mar 25 2022, 06:55 PM

Give and take la. Adding in the interest we earn won't equal to much anyway.

If want more interest then deposit more money simple.

To be financial savvy, must learn how to read and calculate every detail as possible, not to swallow everything without research. Its not a matter of sens but the underlying principle we must try to understand.

It is not the interest but the principles of it

Banks have been taking advantage of ppl particularly seniors especially on FD when returns are not rounded up but rounded down

The best part is some rounded it then only multiply with the principal..
I maybe wrong but detected it in 1 of my fds many years back.


This post has been edited by magika: Mar 25 2022, 07:08 PM

WHOLLY agreed as a lot of people are blinded because of their lack of principles toward some money

Best recent example of ARKK as a lot of ppl bashing the performance without understanding how their active research knowledge and the fund principles at work while they just blinded and cry when because they only know how to buy high and not understand8ng the overview of long term

This is Lowyat forums we are talking about here, almost every single thread in Finance is someone showing up for the first time, "Hi, didn't read the 964 pages before this or search, can you answer this question for me thanks?"

And if the answer is longer than 2 lines:

"So is can or cannot ya? TLDR"



Edit: Pretty sure credit card forum is just Cybpsych copy pasting the same TnC line every day because people can't read *cough* public bank credit card pds *cough*

This post has been edited by Hoshiyuu: Mar 25 2022, 07:34 PM

Say what you mean and mean what you say ok? Dont twist and turn.

You just said compound only on deposits not inclusive of returns,
meaning compound not on returns, meaning returns/interest dont earn interest - This is wrong do you know?


Come see what you said above. Again you said interest not compounded- This is wrong again

After being confronted now you turn 180 degree and said the correct thing- ie interest is compounded
but you pretended like the above 2 WRONG posts from you never existed at all

Next you tried to say my calculation is wrong, who doesn't know 1st 200k interest is 16.4383
and next 100k is RM6.16438?

To calculate interest for RM2,054,299.74. it is as simple as Rm16.4383 +(1854299.74 x 2.25%)/365,

what difference can you get by adding RM6.16438 for every RM100k doing it over 18 x ??

And i dont understand how magika is saying you are right there and hinted my calculation might be wrong.

Just what do you guys mean by base compounded.

Interest compounded is what i say interest earn interest.

base compounded deposit is what? base earn interest?
putting all your deposits together is called base compounded deposits?
it is meaningless as far as interest earning part is concerned.
of course all deposits we put in must be paid interest!

Thanks for taking the effort to clarify. I am really happy that KDI is giving daily interest and i forsee in the near future i will also be using it. Its all that matters anyway.

However i have read thru quite a number of reviews by bloggers and none of them mention any compounding interest . Maybe they are not well verse in the products itself.

Same with me. I do have doubt but not on the products itself. Even in the product info ghat i have read so far, none of them have any mention of it except some vague terms such as base compounding deposit in which one of the forumers has posted using screenshot.

Pertaining to the issues that the interest is compounding, like in your case should be at 2.25%, therefore since your daily interest amounted to RM13😂0.73, correct me if i am wrong, thereby tomorow interest should be at least RM130.73 + 0.08 sen. Of course barring any change in deposit.

Thats all that is needed to show whether it is compounding. Thanks if you should have the time to enlightened us.

Just report and move on, no need to entertain the forum clown

Hey, can someone PM their referral code? Looking to sign up, thanks!

EDIT: Received. Thank you so much!

This post has been edited by nzard: Mar 25 2022, 09:28 PM

I just do withdrawal. The return amount reduce and put into my net deposit..

If you read through KDI page it has mentioned pro-rated daily interest rate which will reflects in returns part of KDI portfolio

It is different from MMF whereby it is compounding against overall total portfolio while KDI save it is cash management whereby net deposits is always the same amount only difference it is return portion which increasing daily unless withdrawal occurs

Everyday do that and need to time before 11am. No one so free la. If can prove Versa currently is better then use that instead. So far don’t think that is the case.

So park money in KDI Save enjoy what they give till year end. Next year interest might be lowered for KDI Save. If so we will switch back to Versa if they give better rates.

In the end don’t know what u all arguing for. Is not like we have a better option anyway. Can keep complain to KDI see if they will take action or not.. if they don’t bother we can't do anything anyway.. Not like they scam our money or what that police will take action?

This post has been edited by Davidtcf: Mar 25 2022, 11:58 PM

sadly i don't see any action taken by the mods. i don't even know if it's futile to report
if it wasn't for scrutinizing the charges by my broker bank (RHB investment bank FYI), i wouldn't have discovered that they were double charging me on a certain fees. to their credit, they agree to reverse back the charges. but imagine if i didn't calculate