15th February 2022 - 2 min read
As part of the launch of Kenanga Digital Investing (KDI), Kenanga also introduced KDI Save, a savings product under the KDI platform. KDI Save is absolutely free to use, and offers a promotional rate of 3% p.a. from now until the end of the year.
As a cash management fund, KDI Save offers a competitive base rate of 2.25% p.a. that’s among the highest among cash management funds in the market. To celebrate the launch of the new product, KDI is offering a limited-time bonus rate of 3% p.a. for the first RM200,000 saved in KDI Save. As mentioned earlier, this bonus rate is valid from now until the end of the year.
As expected of a cash management fund, there are no fees and zero lock-in periods, restrictions, or penalties. In addition, the minimum investment amount for KDI Save is only RM100, and KDI claims that withdrawals take only one day.
“We are proud to launch KDI Save, a cash management product with one of the highest returns in the market, while KDI Invest provides gateway to the global markets at an affordable fee,” said Ian Lloyd, Group Chief Digital Officer of Kenanga Investment Bank Berhad.
As a complementary product to the new KDI Invest roboadvisor, KDI Save is also hosted on the Kenanga Digital Investment platform, meaning investors need only open one KDI account to have access to both products. Both KDI Invest and KDI Save are available under the KDI platform, and on the KDI mobile app on Google Play and the Apple App Store.
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