KDI Save ’s Rewarding Returns: Fixed 3.50% Effective Annual Rate (EAR)* Limited time only. *Terms and conditions apply

- FD interest calculation : $10,000 x 3.5% = $350 x 1 day / 365 days = $0.9589 interest daily
- KDI Save's returns : $10,000*(1+3.5%)^(1/365)-1 = $0.9425 interest daily
- KDI Save's returns after 1 year for $10,000 in 3.5% = $10,350 interest yearly

1. I thought compound interest is superior to regular FD but in a real world, both FD and KDI Save rate "compounding the interest and principal over time" after a year results 10,350 same as FD.

2. If a bank's promo FD is more than 3.5% would yield higher returns than KDI Save
3. KDI Save's depositors can withdraw 9 days with interest but banks penalize early FD withdrawal.
4. KDI's day 1 interest 0.9425 is lesser than bank's 0.9589.

I had wanted to raise queries, but I came to these conclusions, am I wrong?
Your thoughts are welcome.

I do not know what are you trying to say?
KDI Save calculation is in spoiler clearly showing KDI Save 3.5% will yield 10,350 in a year.
This topic is KDI.

If you have other sources of daily compound over 1 year = 10,356.18 then please PM me.

Yes, agree. Thank you Ramjade.

KDI Save states its EAR is 3.5% and limited to 10350 not 10356.18
Yes, some FD promos offer higher returns locked in.
KDI's liquidity and terms are easier to understand compared to versa. I am disappointed with EAR 3.5% cap.

Agree KDI Save's interest is not constant daily.
You are confuse because you did not see KDI source in spoiler, that shows interest of day-2 being higher than day-1, eventually yield 10350, if KDI Save's promo extends to full year. I am not comparing 3.4403% but a KDI Save's 3.5% against conventional FD 3.5%. This topic is about KDI.

When confuse, then I am uncertain to the purpose of the question.

What are you confuse about... nevermind I dont want your confusion. Thank you for calculatorsoup

It was not my maths but taken from KDI site and FD from a bank's site.
I appreciate your comment, especially since 3 others were talking from finance view (in a forum subject: KDI)
Ah, so it 3.5% p.a. would describe it clearly. "per annum" Thank you for the finance terms.
Yes, then difference is limited and capital limited to 50k until August. This is the reason I am looking for different offerings too.

Always amaze at folks who reply to meaningless... oh wait, screen name explains it. Have a nice day!

Thank you for this update. When did -1.89 began ?
I imagine it will go lower since Fed warned of winter hard times.

Depends on the ETF that they bought into.

As I understand, only investors get to see underlying assets in statement ?
Meaning that, potential investors do not know what they are investing into.
Only can set risk profile defined by risk of loss and potential returns %.

Since June 2022 until today (blue line), S&P 500 is about flat. Weekly price chart from Trading View.
Thanks for sharing.

I believe they hold the funds in Philip Trustee but you should check their website / customer service.
The funds are not PIDM insured like bank deposits up to 250k.
After all, what bank and investment have 0 risk, correct?

Agree, safety first.

Thank you for the correction.

You trust non-transparency.
Not that I am judging. I struggle with how KDI Save presents as "compounding" but buried in the FAQ is calculation that results in 3.5% p.a. and the maths works out to 10350 instead of 10361. KDI Save withdrawal takes 1 to 2 days, which I take for granted until last week one of the octopus ransome me so the liquidity is handy.

3.5 is a meh because KDI Invest customer account is in the red since June.

I never knew this. This is the reason I rely on sifus' of LYN Finance.

50 year old company use lagged data

Royalty dump this company to Hancock then dump to Deutsche then dump to Rakuten
Smart folks hang on to good investment, until....
Now that you mention, I see why people find this company not credible.

EPF let members early withdrawal. Recently PMX had to plug it.
Maybe someone wants to come in and state BN ruled for 60 years, very credible ?

Anyway, I was neither for or against KDI but with recent info, I learn something new.

As Xander2k8 puts it, tongkat and cronism is in play, and list Gamuda remaining as making money.
I heard Public Mutual had lots of top performers and EPF allowed but today so few mention of them.

As I've put it, I was neither for or against Kenanga, and look to sifus' for guidance.
Thank you for the recommendation. Yes, I am impress by KDI Save's liquidity.

Thank you for the insight.
Since the China Hustle, still unresolved until today, SC, I take with a bag of salt.
As for BNM, news reports that they knew about 1MDB and did nothing about it.

PMX is welcome change but the closets remains, who know what skeletons left.
That's why I learn from sifus' of LYN Finance when I can find time to read.

Versa fees and promo rates sounds like fatten piggy and later slaughter.

How do KDI make money from KDI Save ?
I understand business is to make money.
I wish KDI and Versa could spell these out clearly.
I dig through Versa and can't find clearly so I focus on KDI.
I dig through KDI Save's T&C unable to find what KDI charge / make money.

Expecting all time high retracement / decline
Then maybe check out Monday for entry.

Good!
That's why I said, check out on Monday for (possible) entry, not definite entry.