Hand itchy and found something interesting....

Yesterday did a additional deposit of 20k into KDI Save, and I selected my cc as payment, the transaction rejected after keyin OTP

Just now found that there's extra 20k in my personal bank savings account registered with KDI, stated refund from PACIFIC TRUSTEES BERHAD

Why need to open so many KDI accounts, bro?

test 100k?

to put in max is 50k per day via FPX... to take out?

Guys, for KDI save, any idea where the withdrawal will withdraw the money from "Returns" first, or will withdraw the money from "Net Deposit" first?

Understood. Do you mean the risk is the same whether I invest in KDI or put a FD in the bank?

marketing gimmick is a better word la,
they  count the chicken first before it hatches .
ie included your future earning from the daily interest,
add 1 years interest on interest and say see 3.5% now (AFTER 1 full year!)
As long as you understand it ....
counting chickens before they hatch,
yes, you  only get to 3.5% if you keep there FULL 1 year.

That is not the way  FD rates are published.

lack of reading 
Wah you are right la bruh....

ini cilakak punya KDI actually reduces  interest rate for amount above RM50k

i checked 1 acc above RM50k found 3.0% is now only 2.95%
i am sure above RM200k previously 2.25% will likely now become <2%

Ini mana ada improvement for me?

Really cunning......KDI play tricks like this..
makan big depositors vomit some out for smaller amount.

Ok proof here:
1day interest earned  is RM7.93

1st RM50k x 3.44%/365 = RM4.71
RM39798.22 x 2.95%/365 = RM3.22
Total = RM7.93

If above RM50k pays  3.0% total interest for  1 day should be RM7.98

you are right upto RM500k, above that i rugi compared to old way of calculation

1st RM50k give u extra 0.44%=RM220
subsequently take back 0.05%
subsequent RM450k i lose RM225, mana ada untung?
At the peak i parked nearly 2M in 1 account.

new info about security firm deposit    thanks for sharing!!

give it a trial , i just  deposited RM29k+ top up my Versa Cash to make in near RM30k

in terms of speed of deposit and withdrawal, Versa  cant fight KDI
interest calculation also cant fight KDi's very transparent interest that can easily be  checked.

Now the most important thing is
1)how fast deposited money is captured and starts earning interest in Versa and
2)how fast  we get back after  click withdrawal in Versa

Assuming deposit in  lose 2-3 days, withdrawal out lose 2-3 days compared to KDI
total loss days = 6,

Versa offering 4% first RM30k also cant  beat KDI 3.5%

Transfer from your 1st RM30k from KDI to Versa, you rugi

extra earned from RM30k x 0.5% in 30D =RM12.33
6Days  loss of interest in KDI =RM30k x 3.49% x6/365 =RM17.21

Even if you have RM80k in KDI and you transfer the excess RM30k out to Versa still rugi
as you sacrifice RM14.74 for 6 days interest loss.

So Versa you wanna beat KDI 3.5% make sure you dont take too long, max in and out total 4 days still can consider
if 6 days sorry lah no point we move out from KDi
may not be applicable , in any case the difference is tiny, insignificant

May I know where you park your emergency fund? Any account can provide more than KDi ~3.1%pa? 
I know eFD can withdraw anytime... just losing the accrued interest.

What homework? Please share the tips..Thanks

that dupe again? sounded familiar  ...."brain damage despite stopped facepalming" kaki
i have made some calculation earlier for people  contemplating moving out  to Versa...
but one pretend clever gooroo thought i was  chasing after  extra RM5 for myself!

i would say even above RM50k in KDi, not worth moving out to Versa if you need to move money
in and out like i did in KDI becos Versa is SLOW both ways

WD KDI lose 1 day, deposit Versa lose 2days. I can do that few times a month in KDi, no problem.
but if Versa susah, slow.


He already have more than RM50k in KDI...that is why he asked.

I got 86c interest from TnGo and my balance is about 9,380 yesterday. Works out around 3.334%.

Didn't check my wife's phone today. Her balance also about the same balance as myself. Last few days her interest also around 83 or 84c.

since you have purposely tagged me to show KDI is underpaying you,

ok today free i checked  KDI for my son's acc:
Data:

24.12.22 current value 50258.21 returns 640.15

27.12 returns 654.37,

3 days interest = 50258.21 x 3.44% x 3/365
= RM 14.21, perfect

Where got short payment??

Do you know EAR 3.5% is 3.44%?
how did you get it at 3.336%?

if really  3.336% as you claimed i should get RM13.78 ,
nearly 43 sens  difference , cant be rounding off's error .

the fault is in your calculation, not KDI underpaying you.

that is why you dont just read,
must go check it out yourself before you  tried to imply
i was wrong in telling KDI pays exactly as said.

I am sure you know the famous twist and turn guy who has been posting everywhere largely from readings only, talked like a pro in Versa without even have Versa account, perhaps like you la have KDI account still can give the wrong impression to others.

FACT is KDI pays as said, period.

from FIRST hand info with proof.
Not hearsay.

How can you say it is meaningless?

You tried to make an issue KDI doesnt pay EAR 3.5%, IT PAYS only 3.336%

I say NO, you are wrong!
KDI pays me  exact EAR 3.5% ie 3.44%

You are misleading people in here!!
Is this not important for me to point you out?
........come on la

eh guys, isit just me or KDI site is down?

Hi if we withdraw money from our FD in
kenanga , the money will be transferred back to bank account via Pacific Trustees?