I cannot even register for KDI right now.
I really do not know what is their strategy. But the thing is, when I register, I am supposed to received a pin in my email. It takes around 2-3 hours before the pin reaches my email, then already cannot register. I highlighted this to CS but they say they know about the issue and cannot do anything about it currently. I mean they cannot even manually register for me wow. So i am wonder, their "biz" too good already so they currently do not want new customer is it?

You calculated, is it really 2.4%? Hai Ya, I really thought it is going to be around 2.7-2.8% after deduction. We are taking the "risk" to put in there you know.

No choice lah. I have to put into TnG right now. Actually main money still put into FD but for this one or TNG at least can take out anytime if you know what i mean.

Affin does not give monthly interest and you have to put in 50k to qualify for that interest rate which really sux. I mean as invika customer I should qualify for this interest rate as long as I put in at least 10k right?

That 2.85 is not guranteed.

It's still promo rate right now as you can withdraw anytime.

How would they gain if they are paying more then the current interest rates right now.

If you want to put a large amount of money, you should just put in bank right now. KDI is more for putting money that is supposed to be for a "rainy" day if you know what i mean.


That means money that I might need in say 1-2 days.

Or if you are waiting for the next interest rate hike.


This post has been edited by BrookLes: Aug 30 2022, 10:00 PM

RM are there just to sell you their stupid banking products that's all.
Trust me, most of them really are just there to earn your commission that's all.

Unless you are worth 10s of millions of dollars and you put money into goldman sachs or something.

But if you do not buy their stupid banking product, the RM dun even want to bother interacting with you or helping you.
That guy obviously dunno what he is talking about. Most people working in the finance sector really are almost useless unless they are really working in the inside. I am referring to the guy you just replied to.

But they think they are "smart" just because they know certain terms.

This post has been edited by BrookLes: Aug 30 2022, 09:58 PM

Yet they cannot even handle their registration system for more then 2 months.

Maybe they dun want new customers and this is their strategy.

But why they cannot just say they are not accepting new customers at the moment? Or that new customers cannot use KDI save,

Thx for letting me know. But this promo until end of the year. Hai

Maybank interest damn low. But the 6 months 2.8 is attractive though.

Maybe not stupid products. But generally they get pretty high commission selling you those products. So you are not even paying the market price for those products unless you really know the RM well. Otherwise they are just looking out for their own interest. Well, I am pretty sure you pay less fees buying those products in fund supermarket or something.

Obviously I have one. That is why I know their motivation. In fact I got burned because of 1 before. Let's just say they want to earn money from you without being responsible.

In fact that one recommended a bond from an oil company just when there was an oil crisis.

Actually just 1 more qtn. So if say I put in 3000 Then because of kdi my investment is say 3001. The 3% is going to be 3001 right?

You probably say this because you got caught flat footed on the FD rates. Sometimes it is better to admit you have made a mistake by not putting your monies into FD.

In the end, it's up to you. Yes there might be a rate hike but will banks increase their promo rates inline with the rate hikes.

Or putting your money into a one year FD now may be more profitable then 3 months in spite of the rate hikes.

I think rates are high enough for there not to be not a substantial increase even if there is a rate hike

Arrrrr promo rates has been around for a long time. Who are you trying to kid?

This post has been edited by BrookLes: Aug 31 2022, 03:13 PM

I dun want to talk about this
I was with uob btw

Let's just say it's a win win situation till something goes wrong.

And I am pretty sure the bank will just wash their hands from the situation. Maybe Malaysia banks are more ethical.

Normally bonds are raised when no banks want to lend the borrower money. So it's pretty risky. It's not as safe as what ppl think unless it's sovereign bonds.

It's pretty funny why no banks want to lend bank Islam any money. Why would they go the more expensive route of borrowing from the public.

Shares are even safer then bonds. Bonds are unsecure loans and will not be treated as important when something happens.

That guy you talk to is the typical narc type.

Even when wrong he still want to insist he is right.

I forgotten but this is my impression of bonds.

A very safe bond probably has interest rates very close to FD rates anyway.

Shares will always get preference to bonds when something happens as the directors etc normally hold stocks and bonds are unsecured loan. So secured loans and stocks will always get priority

Contrary to what ppl thinks, bonds will be the first to be "let" go when something goes wrong.

I understand that bank Islam may not be allowed to raise funds using FD. But then how about borrowing from other banks? I dunno.

This post has been edited by BrookLes: Aug 31 2022, 07:27 PM

Believe me.
The priority for bonds is the last.
That's why they are called unsecured loans.

You think which one will get priority. Secured or unsecured loans?

That's why only when something happen and you realize that even the bank you bought the bonds from will not help you that you will start to realize.

But it's ok.

This post has been edited by BrookLes: Aug 31 2022, 07:45 PM

Actually the company can still function despite defaulting

Why should the companies pay anything to the share holders in the first place.

Bonds are the last in priority when it comes to debt. A lot of the debts that are held are secured loans and perhaps loans to other entity. You are dreaming if you think the company will pay your bond first before those.

I never ever said anything about shareholders getting paid anything.

But at least when you buy shares, you can buy shares of companies with good financial standing.

With bonds, you are dealing with companies whereby even the banks are not financing them.

But it's ok. Your probably dun even know what you are talking about.

This post has been edited by BrookLes: Aug 31 2022, 09:55 PM

Kdi is probably higher then most mmf even after the opr increase

Yeah looking at this.

I cannot even open an account with kdi at the moment.

The otp takes more then 5 mins to reach my email.

Curious. I can take out the money anytime and this 3.2 applies right?
So I can take out money anytime but profit is only next month right?

This post has been edited by BrookLes: Sep 12 2022, 03:38 AM