risk similar to MMF

you can say it is not guaranteed since it is not FD or saving account protected by PIDM.
all investment tools are not guaranteed by PIDM AFAIK, but it is very low risk.

if we start losing our principal.. nobody will dare invest in MMF funds already.
Interest rate not guaranteed then more likely.. could fluctuate between 1-3%.

PIDM protected means if the company go bust, you get to claim some amount based on their limit.
For these online MMF funds don't have such protection so there's a risk on that.
Most of them are tied to big banks anyway.. so easy to go bust? 

still best to diversify your investments, don't put all in one basket.
anything happen to 1, you still have others that are ok.

jfi, a forummer mentioned the "problem" of this CMF fund just last month....
historically it was "safe", maybe top instructions or circumstances changed overtime, etc...things can change.

Will it be a good idea moving all the money from other CMF, eg. Versa/SA Simple into KDI Save since it is giving better returns? A bit worried to put everything into one basket.

if get 0% return is considered bad already, mana boleh capital pun hilang
so many things in life we do we dont ask for guarantee.

Cut-off time is 11am AFAIK.

I calculated based on my 1 day interest 0.00819875776 * 360 days = 2.9515527936 (if using 360 day rule) or 0.00819875776*365 = 2.9925465824%.

The previous number was probably me randomly rounding my daily interest to get the rough approximation, either way its like a few cents difference, I couldn't be bothered to be accurate 

yup, this was highlighted by MUM earlier too.

i just did a test withdrawal from KDI Save this morning at around 10am. Now it's been completed. that's very speedy! 

As for the withdrawl from SAMY Simple, which I requested since Monday morning, is still sitting in the account now, waiting to be executed 

No lah, limit 3% upto 200 only, but for parking more i still ok ,
highest in the money market, think Versa also dont pay 2.25%

but i am getting 5th account...will be there still no worry

all robo advisors will use US etf, hence by default all dividends are charged 30% tax. The amount you receive is after tax.

no estate tax if we use robo advisors since the companies like Stashaway are the custodian.. they using their account to buy ETFs on behalf of us. Also if you read the page on Stashaway your investments is safe even if they go bankrupt: https://www.stashaway.my/help-center/360009...s-my-money-kept
KDI also same, under Saxo: https://digitalinvesting.com.my/faq/ (read under Security and Protection section> "What happens to my investments if Kenanga Digital Investing (KDI) closes down, gets acquired/goes public?")

If you self invest in US stocks or ETFs, estate tax only applies if you have USD60k and above in brokers like IBKR. Some people workaround this by sharing their login and passwords with their loved ones (as long you don't get caught).

If wanna self invest and avoid estate tax, then invest into Irish Domiciled ETFs e.g. VWRA, VUAA, CSPX, etc (these are similar to US etfs but are for European or non US people to invest in - they will have the word "UCITS" in their ETF name). They also charge lower dividend tax at 15%. Why robo advisors don't invest in them? Their excuse is liquidity. I am guessing it's due to higher fees involve when buying them too. 

whether KDI will help us claim back withholding tax you can send a chat inquiry to KDI via their site.. I think got people here ask before. But so far from most people who use Invest the performance is better than Stashaway.
Yes 0.3 to 0.7% is their management fees depending on the amount you invest in KDI Invest. All robo advisors got this fee. You can try below RM3k if wanna avoid this fee.
If hate this fee, I suggest self invest using IBKR.. but using that you'll need to pay Wise transfer fee also.. And also currency conversion fees. However they are 1 off. Also need to learn more on how to do them. You can check Ziet Invest youtube video on how to open SG CIMB account, using Wise transfer to IBKR.. all in his videos.

I use KDI save personally cause I like the same day withdrawal and money is growing daily. Versa-i also same day withdrawal not the versa. But never like that they need to top-up so much for just to make it 4.3%.

KDI save 4% up to RM50k
Versa-i 4.3% up to RM30k only 3.28% without rebates
https://versa.com.my/versa-cash/

Let's not forget you need to wait for next month until they credit you the rebate/tipup with versa. You don't get that with KDI save as money is growing daily.

No management fees with KDI save while you are paying management fees with both versa.

Depends on what you want. You want straight to the point or do you want some twist and turns? Does the extra 0.3% matter to you? How long do you want to depend on rebates/topup (I believed KDI save is also also being top-up by kenanga cause their base rate is 3.5% for money above RM50k. Next tier is 3%.
https://digitalinvesting.com.my/kdi-save/

Some people will just screw it. Make use of whatever promo while promo still available. Some people always go for highest return. Some people use both to maximise the interest quota (<RM50k in kdi save, <RM30k in both versa and versa-i) cause does not want to get lesser returns.

Personally I never used bank account anymore for storing my money. Been years. The last bank account I used was Maybank egia-i at 4.5% and ocbc 360.