You can still enjoy a 3.50% p.a. savings yield with KDI Save.
KDI Save is the low-risk savings service of Kenanga Investment Bank Berhad’s Kenanga Digital Investment (KDI) platform, which is licensed by the Securities Commission (SC) of Malaysia.
KDI offers two investment products, namely KDI Save and KDI Invest, where KDI Save allows investors to earn returns on their savings with no lock-in period and no management fees, and offers a fixed interest rate of up to 3.50% per annum.
According to the KDI Save website, each subscriber can enjoy 3.50% p.a. on the first 50,000 deposits and 3.00% p.a. on deposits between RM50,001 and RM200,000. Deposits above RM200,000 are only entitled to 2.50% p.a.
The benefit of KDI Save is that you can start investing with a minimum of RM100 and each subsequent increase will only cost a minimum of RM100, and the interest that you will enjoy will be calculated on a daily basis, which means that you will get 1 day of interest for 1 day and 10 days of interest for 10 days. Users can deposit and withdraw at any time, but it takes 1 to 2 business days to process both deposits and withdrawals.
Interested parties can download the KDI APP from the Apple Store or Google Play Store by searching for Kenanga Digital Investing. You can also visit https://digitalinvesting.com.my/ to open an account or get more details.
