KDI Save Offers 3% Fixed Interest Rate Until Dec 2022
Kenanga Digital Investing (KDI) continues to receive good response from Malaysian investors, successfully reaching RM100 million in asset under management (AUM) in only two months since its launch.
A big draw for many lies in the guaranteed fixed interest rate of 3% provided by its product, KDI Save. This limited offer guarantees a fixed return without the lock-in periods required by fixed deposit accounts. This innovative cash management product allows users to earn daily returns on their savings with no lock-in period and zero management fees. Up to December 2022, KDI Save offers a market leading 3.0% p.a. fixed interest rate.
As investing can be a daunting task for beginners, KDI’s AI (Artificial Intelligence) driven digital investment management platform was developed in order to make investments simpler and more accessible for Malaysians. As of now, the platform has received an astounding response, garnering over 6,500 successful signups since its launch.
“We are extremely pleased with the response from the public on KDI. Crossing RM100 million in AUM within such a short time is a significant milestone for us. More importantly, the public’s confidence and trust in Kenanga has brought us another step closer in our vision to revolutionise the way Malaysians save and grow their money. KDI aims to make investment simple and accessible for Malaysians, and this strong performance shows that KDI is what the market is looking for,” said Ian Lloyd, Group Chief Digital Officer of Kenanga Investment Bank Berhad.
KDI Save and KDI Invest are licensed by the Securities Commission Malaysia.
On KDI Invest, customers can grow their wealth with access to global investment opportunities through US-listed Exchange Traded Funds (ETFs) at one of the most competitive fees in the market. They can also start with initial investments as low as RM250 and gain the opportunity to invest in global equities.
KDI Invest is completely free for investments below RM3,000 while investors above that limit will be charged a management fee of between 0.3% to 0.7% per annum, making it one of the most competitive robo-advisor platforms in the market now.
For those who are wondering, a robo advisor is a digital platform that uses algorithms to automate your investment portfolio. It is generally used to make investing easier and simpler by eliminating much of the guesswork involved.
A robo advisors automatically creates a portfolio for you based on your investing goals and risk tolerance, and periodically rebalance your portfolio. With KDI, investors get an easy-to understand investment product that they can track anywhere, anytime while knowing that the AI is taking care of their investments around the clock.
For more information about Kenanga Digital Investing, visit https://digitalinvesting.com.my/