KDI Save vs Versa Cash
In addition to fixed deposits, both KDI Save and Versa Cash now provide great rates. If you’re looking for a high-yielding investment, KDI Save and Versa Cash might be the finest choices.
KDI Save and Versa Cash are both savings products available through the Smart Investment Platform. Versa Cash is a Versa product, whereas KDI Save is a Kenanga product. Both platforms have been registered with the Securities Exchange Commission.
Both KDI Save and Versa Cash have upped their payouts to attract customer to deposit. KDI Save increased its yield to 3.50% p.a. in early October, and Versa Cash will increase its yield to 4.00% p.a. in November, up from 3.20% p.a. in October.
KDI Save offers 3.50% p.a. for the first RM50,000, 3% p.a. for RM50,000 to RM200,000, and 2.50% p.a. for amounts greater than RM20,000. Versa Cash offers 3.20%/4% on the first RM30,000 and only 2.50% p.a. on further deposits.
Because the processing fee has already been subtracted from the above interest rates, they are the actual interest rates that users can receive. KDI Save and Versa Cash both accept deposits and withdrawals at any time, with the withdrawal process taking 1 to 2 business days.
While both KDI Save and Versa Cash are Securities and Exchange Commission-registered, neither is guaranteed by PIDM. KDI Save and Versa Cash can be deposited using the KDI APP and the Versa APP, respectively. Before you can deposit, you must first create an account using one of these two applications.
The information is provided for reference purposes only and does not constitute investing or trading advice.
