KDI is daily interest, FD once you break everything tarak.

KDI's more for funds you might need to use, FD is for money you know very unlikely you need in the medium term.

Both play different role.

Same thing Ramjade and I mentioned.

You put 20k in KDI today, next month suddenly you need to take out 10k to do CNY party, no worries can straight do. Interest still goes on for the remaining 10k, you get your money within a day or so.

Maybe suddenly you realise your friend will cover the bill so now you have 10k cash, nevermind can put back in KDI with same interest no need wait promo etc.

You put 20k in FD, next week suddenly need to take out 10k. Cannot, you will break the term thus you earn zero interest even though it's been a month they get your money.

You wanna put back the 20k now, promo habis interest goes lower etc.

FD is complimentary to KDI, it isn't a great substitute. You can get 4.6% 18mths in some banks, that is on premise you will not need the money in the coming 18 months.

So use both, put some in KDI in case you need to use in a day or two. The rest can put in FD.

I'm pulling because rate it 3.5%, not because of SVB

This post has been edited by fuzzy: Mar 15 2023, 03:20 PM

I maxed out the 3.5% and had a lot more just getting the 3%. It was supposed to be liquid fund until BNM raised interest rate, but as you know they opted to keep it at same level.

So I'll probably break it to chunks and put in anything that can get me 4.2 - 4.5%, which is pretty hard to come by.

TNG i max out also at their 9k level lol...

Next one is Versa, but its also 35k right?

My dealer pushing me into money market, but malas la coz at the end its still supposed to be rainy day fund so fast liquidity is important.

He's pushing those in SG bro because my brokerage's there

Ya, its not that bit. It's the withdrawal and transfer between country bit. At the end, this is supposed to be a rainy day fund that can be accessed almost immediately.

So I'm not going to be too aggressive about it. Just keep up with inflation and abit more cukup.

My investment stays invested overseas though

FD is bank taking your money to loan it to someone else, KDI is a MMF.

Yes, can go south but Kenanga has a revenue close to RM1b with AUM of over RM6b, so chances of it very low la.

https://www.kenanga.com.my/investor-relatio...financial-info/

you masuk kluar masuk kluar funds issit?

This feels like KYC requirement.

KDI is not a bank, they are an investment firm.

When you masuk your money, they take it to invest in MMF or whatever tabung to generate the 4%, so when you withdraw, they will have to 'sell' it and give you back the amount.

Banks is different, they are mandated that they must keep a % of deposits as liquid, thus you have immediate access but you have bad returns.

You can't duitnow your FD also, you have to break it then only go to your bank account and transfer it etc etc. Same concept.

Yep, unless you have some fstish of needing to access every single cent immediately, KDI is the best.

the first one will be the app you need. I use it to top up and withdraw.