KDI Save is an investment solution that invests in high quality Ringgit-based money market and/or fixed income financial instruments. Traditional bank savings products such as fixed deposits (FD) and Current Account and Savings Account (CASA) products are deposits placed with banks in return for interest. KDI Save derives returns from its underlying investments, while bank savings commit to returns at a given interest rate backed by returns on loans issued, fees collected, investments, and other income generating activities.
Like traditional savings products, KDI Save offers a stated rate of return on your funds. In contrast with fixed deposits, KDI Save does not enforce any lock-ins on deposits, as funds may be withdrawn at any time. Plus, interest is accrued and credited on a daily basis, unlike FD’s and CASA accounts that credit interest monthly or more. As an investment solution, KDI Save is not eligible for deposit insurance protection under Perbadanan Insurans Deposit Malaysia (PIDM).
