The 3% guarantee probably is their marketing cost as they saved the cost of intermediary, call center, fund manager etc

3% - 2.25% = 0.75%

0.75% x RM 200,000 (max) = RM 1,500

RM 1,500 / 12 mths = RM 125/mth

Each new customer max cost of marketing is RM 125 x 10.5mths = RM 1,312.50

The nominal rate of KDI Save is 2.25%, which means if your placement is more than 200k, whatever amount above 200k will get 2.25%.

And if after promotion end (31st Dec 2022), provided OPR still maintain the same, KDI Save will still give 2.25%pa return.

So KDI Save can generate 2.25% for investor, and now they giving 3%, hence the difference of 0.75% pa

Hope my explanation is easy to understand.

Where can get normal FD rate at 2.25% ?? I also want!

Confirm no where can get better than KDI Save, 3%pa compound daily, same working day withdrawal, safe MM instrument...If you got better, let me know ya, hahahaha

It depends if the marketing dept still can get such budget for promotion, but to my opinion not likely continue the same campaign, will get backfire like TnG GO+.

They are starting from zero, this is the time they grow the customer base, gain AUM, market awareness, encourage referral through world of mouth and establish brand name, hopefully marketing dept will get lot's of budget and throw to us, just like how TnG started, Boost, Shopee, Lazada...

Most likely they will encourage customer transfer from KDI Save to KDI Invest. Probably the next promo will be giving cashback by transfer to KDI Invest? Hopefully....

You are right MUM, SSPN is safer than KDI, because it's backed by government

I do put in SSPN too, but no syok cos need to wait next year Feb only can see dividend, and need to put in before 5th to enjoy dividend for that particular month

Withdrawal SSPN fastest next working day only get

Sorry, I am new, can someone PM me how to delete this as it's redundant to the next

This post has been edited by lovelyuser: Feb 25 2022, 10:34 PM

Put in FD my fund will lock up for at least 1 mth, no partial withdrawal

You are right MUM, SSPN is safer than KDI, because it's backed by government

I do put in SSPN too, but no syok cos need to wait next year Feb only can see dividend, and need to put in before 5th to enjoy dividend for that particular month

Withdrawal SSPN fastest next working day only get

Which cash management fund? Mind share? Or PM

Yes, you will interest over weekend and holiday

extra info:
Deposit or withdrawal cut off is working day 11am, you will see update of interest or your withdrawal proceed by 430pm same day

If you make deposit or withdrawal on weekend or holiday, then it will follow upcoming working day

This post has been edited by lovelyuser: Feb 26 2022, 03:11 PM

Deposit or withdrawal cut off is working day 11am, you will see update of same day interest or your withdrawal proceed by 430pm same day

If you make deposit or withdrawal on weekend or holiday, then it will follow upcoming working day

If I were to be you, I will deposit now as tomorrow tend to forget and miss 11am again....hahahah

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

Of course CC charged me, exactly 20k, no more no less

I am not sure about the cc rewards for FPX, but I found a way to get free short term loan w cc

This post has been edited by lovelyuser: Mar 4 2022, 06:18 PM

Assume you put in 100k in KDI Save

If it's compounded daily, interest earn 1st day will be RM 8.2191, 2nd day will be RM 8.2198.....

If it's not compounded daily, interest earn daily will be RM 8.2191

Guys! That's RM 0.0007 of difference daily provided you put in 100k, do we need to waste so much time discuss on this?

Can we move on?

This post has been edited by lovelyuser: Mar 4 2022, 08:40 PM

I think we have to look at this in a bigger perspective.

Imagine KDI launch last year, and SA just launch this month, I believe KDI will be condemn at this moment. Why? Very simple, the market last year is on high side.

All investment associate with risk, understand it before you jump in. Be ready to average down, KDI or SA are investing in ETF, which is a basket of good underlying.

Whatever go down will recover, whatever go up will have retracement, but crash to crash, market always recover and trending higher

Please try it yourself and update us the outcome ya, good luck

This post has been edited by lovelyuser: Mar 5 2022, 11:04 AM

Your conclusion is base on such short span of period comparison as KDI just launch not more than a month, do you think it's fair?

Though AI work all day long, but I believe they still need human to do the back end verification

Who profit?

Even you have multiple phone no and email, also cannot open multiple account.

Even if you borrow IC, still need their selfie.

Even you got other's selfie, still need to have access to their single name banking account.

Your are right, the daily return is RM 8.21

RM 30.39 is total return since day one of placement

And for your info, RM 100,000 build up over few days, not within the same day ya

KDI Save 3%pa guarantee return is for up to RM 200k deposit and till year end

SA Simple 2.4%pa is PROJECTED return

RM 100k deposit of SA Simple and KDI Save, interest difference will be RM 1.64/day

If you have more than 200k, then park 200k in KDI Save, the rest in SA Simple 2.4%