Hope not intruding but based on the issues, so the Return is in separate account meaning it is not compounding ?
Or am i mistaken. Base Compounding Interest ... what does it mean...


This post has been edited by magika: Mar 24 2022, 07:39 PM

That wrong then

Daily Compounded Deposit should mean that each deposit are accumulated together and not separated unlike FD into diff cert.

However KDI Save with daily interest is quite interesting enough, in the near future i would utilise it as usually a large amount of my funds are suspended in my various saving accounts , less than a month, while waiting for deployment.

Now if we can get more clarity on the product the better it is.

Dont simply shoot Want to understand Bank Rakyat FD , goto FD thread and ask before simply saying things.

This post has been edited by magika: Mar 25 2022, 04:19 PM

I was about to post that with calculation but you beat me to it.

Hope guy3288 willing to slowly discuss without getting emotional. My calc do tally at 0.008 sen too.

Maintaining same deposit, everyday the interesting amount must go higher and not just maintain at RM130.73



This post has been edited by magika: Mar 25 2022, 06:55 PM

To be financial savvy, must learn how to read and calculate every detail as possible, not to swallow everything without research. Its not a matter of sens but the underlying principle we must try to understand.

The best part is some rounded it then only multiply with the principal..
I maybe wrong but detected it in 1 of my fds many years back.


This post has been edited by magika: Mar 25 2022, 07:08 PM

Thanks for taking the effort to clarify. I am really happy that KDI is giving daily interest and i forsee in the near future i will also be using it. Its all that matters anyway.

However i have read thru quite a number of reviews by bloggers and none of them mention any compounding interest . Maybe they are not well verse in the products itself.

Same with me. I do have doubt but not on the products itself. Even in the product info ghat i have read so far, none of them have any mention of it except some vague terms such as base compounding deposit in which one of the forumers has posted using screenshot.

Pertaining to the issues that the interest is compounding, like in your case should be at 2.25%, therefore since your daily interest amounted to RM13😂0.73, correct me if i am wrong, thereby tomorow interest should be at least RM130.73 + 0.08 sen. Of course barring any change in deposit.

Thats all that is needed to show whether it is compounding. Thanks if you should have the time to enlightened us.

I think you wont win any award for your England sentence.

The sentence should run as " But i am getting RM130.73 today in contrast to yesterday interest of RM130.60. "

Your latest post of 7 days data do indeed confirm that its return is daily compounded. However your previous post and data provided are basically what we have to calculate. In previous post only 2 dates are mentioned which are 24/3/22 and 25/3/22.
Also you mentioned that you are getting daily RM130.73 which daily means to me is that it is unchanged even by a single cent which is the trigger that its not right. I m only talking of the mentioned dates and return of RM130.73 which on the following day must increased by 0.008cent.

I also take cognisance of the fact that you tolerate no fools, just please bear in mind that this is just a financial forum, where discourse should be entertained, in the long run it benefits everyone.

Just to clear the air, based on your recent data disclosure, you are absolutely right that the return is compounded daily.

This just for discussion only, so lets discuss.

Techically you should get 0.14 cents extra compound interest on sum of RM2299.74 x 2.25% /365 that is today.
Its calculated separately so to avoid confusion on my part, maybe. Your net deposit of RM2052k is following the standard calculation 200k @3% 1852k @2.25% pa equals to RM130.60 per day if my calc is correct. So total return today 26/3/22 should be around RM130.74

Hope its alright with you

This post has been edited by magika: Mar 26 2022, 11:33 PM

Its not really a quarrel.

Even thru my younger days, i would always attempt to find out how things work or calculated. Maybe i make a lot of mistakes on the way, but the process itself makes me better. Quite a number of people refused to commit themselves, on the premise that if they are wrong, it makes them look bad.
Experience comes from making mistakes . Never attempt then no way of knowing if you are on the right track.

Before this, i hardly know anything about KDI Save, therefore refrained from using it. After this discussion, not only have i learnt but am pretty confident of using it.

If you look at my reply you would see that i am requoting you.
Changing your sentence to try to make more sense.


This post has been edited by magika: Mar 27 2022, 12:59 AM

Noted. On hindsight i agree.