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This post has been edited by Sitting Duck: Mar 16 2022, 10:42 PM

Anyone know how often is the interests distributed for KDi Save ? I notice the interests is not updated daily.

Just to share withdrawal timing.

19/09/2022 09:44 - Submit Withdrawal Request
19/09/2022 16:46 - Received confirmation email that the withdrawal has been process successfully. Transaction marked as Successful in KDi App.
19/09/2022 23:00 - Checked bank account. No money in account. yet. Went to bed.
20/09/2022 07:00 - Money deposited to account.

Like most sifus pointed out, money probably was deposited around after 23:00ish.

For KDI Invest, when I look at the monthly statements, I see there were a lot of fund movement by looking at the opening allocation and closing allocation.

Every month the opening and closing allocation are completely different. e.g, opening they may allocate 40% to VOO , SPY then suddenly the during the closing the VOO and SPY allocation becomes 0%, and the allocation would appeared in a different fund.


Isn't this bad that moving the money from one fund to another fund frequently, since it involves selling/buying + fees?

Hi Sifu,

I noticed that the interests is no longer compounded and the interests is given only on the "Net Deposit".

I remembered when KDi save started, the interests are compounded (interests is calculated based on the balance from yesterday after interests credited).

Is that the case now?

I'm getting daily interest and when I calculate it using the formula given in the KDI website, I always have few cents more.

https://digitalinvesting.com.my/save/

Formula given: Daily Interest Amount=Value of investment × ((1+EAR)^(1⁄365)-1 )

Thanks for the nominal rate. Can I know what's the nominal rate for > 50k?

The rate given by KDI is 3.50%

Thanks for sharing. Just to be sure:

The formulate to use is?
first 50k:
=ROUNDDOWN(B3 * ((1 + 3.92228%) ^ (1/366) - 1),2)

next 50k:
=ROUNDDOWN(B3 * ((1 + 3.44026%) ^ (1/366) - 1),2)

This post has been edited by Sitting Duck: May 2 2024, 05:14 PM