KDI Save Terms & Conditions

Effective Date

The Effective Annual Rates set out below shall be effective from 14th June 2023 (“Promotion Date”) and shall apply to all existing investments, as well as any new deposits made into KDI Save on or after the Promotion Date. This promotion supersedes all previous promotions for KDI Save.


To be eligible for this promotion, you must have a KDI Save account. Kenanga Investment Bank Berhad (“Kenanga”) may at its sole discretion reject any deposits made. Only a successful deposit will entitle you to this promotion. To avoid your deposit being rejected, please make sure that the deposit is made from your personal bank account.

Effective Annual Rates

Depositing funds into your KDI Save account from the Promotion Date will entitle you to enjoy different tiers of Effective Annual Rates based on the total amount of investments made into your KDI Save account:

Tier Investment Amount (RM) Effective Annual Rate (%)*
Tier 1 RM0.00-RM50,000.00 4.0
Tier 2 RM50,000.01 to RM200,000.00 3.5
Base Tier RM 200,000.01 and above 3.0


* The Effective Annual Rate is the interest actually earned on your investment as a result of compounding the interest and principal over time.

For further information, please refer to the “General KDI Save” tab of the FAQ.

You may choose to do so by investing directly into your KDI Save account or by transferring your existing investments in KDI Invest to KDI Save on or after the Promotion Date.

Withdrawal Terms

You may withdraw your investment(s) at any time and there is no withdrawal limit. For investment(s) subject to this promotion, withdrawals will be based on the “First-In, Last-Out” principle that is, withdrawals will be made from the investment pool with the lowest return rate first until such investment has been exhausted before withdrawal is applied to the investment pools with the higher return rate.

General Terms and Conditions

  1. In the event you are found to have committed fraud and/or abuse of the system and/or any other scenario deemed as a violation of the terms stated herein at any point of time, Kenanga reserves the right at its sole discretion to disqualify and to cancel, withdraw, or recall any reward(s) granted. Kenanga shall have the right to initiate any action deemed necessary against the said customer.
  2. Kenanga reserves the right to vary the Effective Annual Rates at any time.
  3. All investments come with risks and KDI Save is subject to investment risks, including the possible loss of the principal amount invested.  For example, given that the underlying investments for KDI Save include money market and fixed income instruments, there are credit/default risks and interest rate risks.
  4. Deposits placed under KDI Save are not protected under Perbadanan Insurans Deposit Malaysia (“PIDM”)
  5. Kenanga reserves the right to make changes to these Terms and Conditions at any time.
  6. Kenanga reserves the right to make further verifications and request for further personal identification details and documents, as well as the right to disqualify or withdraw your eligibility for the promotion at any time.
  7. Kenanga reserves the right to cancel, shorten, extend, suspend or terminate this promotion at any time, and the cancellation, extension, suspension or termination shall not entitle you to claim any compensation from Kenanga for any and all losses or damages suffered or incurred by a you as a result of the said cancellation, extension, suspension or termination.
  8. Kenanga shall not be liable for any claim made by you or for third-party claims or losses of any nature, including but not limited to, loss of profits, punitive, indirect, special, incidental, or consequential damages or for other damages and any related claims of any nature, including direct, indirect, third party, consequential or other damages resulting from or in connection with this promotion.
  9. In the event of misuse, fraud, manipulation, circumvention or a breach of the terms and conditions of this promotion, Kenanga is entitled to exclude you from participating in this promotion, on the basis of a suspicion and is not bound to inform you or to provide proof.
  10. Kenanga does not take any responsibility in the event you are prevented from participating in the promotion, as a result of certain technical restrictions or other limitations specific or force majeure which including but not limited to regulatory and/or government directive, act of God etc.
  11. This promotion is subject to the personal data and privacy policy and general terms and conditions available on the KDI website (“KDI T&Cs”): Platform Agreement, Account Opening Agreement, Privacy Policy, and Notice and Disclaimer.
  12. In the event of any inconsistency between these terms and conditions and any advertising, promotional, publicity and other materials relating to or in connection with this promotion, these terms and conditions shall prevail.