KDI Invest Deposit Programme 2026: 6.5% p.a.—Too Good To Be True?
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TL;DR: KDI (Kenanga Digital Investing) is offering 6.5% annual returns for 120 days, but here's the catch: you only get this rate on the amount that matches between your KDI Invest and KDI Save accounts. If you deposit RM10,000 into Invest but only have RM3,000 in Save, you earn 6.5% bonus only on the RM3,000. The bonus is paid in two stages: 4% daily interest on Save, plus a top-up bonus on day 120. Understand the matching rule, and this becomes a powerful strategy.
The Offer: 6.5% p.a. for 120 Days (With a Catch)
From January 18 to December 31, 2026, Kenanga Digital Investing (KDI) is running a deposit programme that rewards disciplined investors with 6.5% annual returns on money in KDI Invest. But this rate only applies if you meet a specific requirement.
The catch: 6.5% only applies to the amount that is matched between KDI Invest and KDI Save. This is the most important rule.
How It Actually Works: The Matching Rule (The Core Mechanic)
Rule 1: The Matching Deposit Requirement
KDI doesn't pay 6.5% on whatever you put into Invest. They only pay the bonus on the lower of two amounts:
- Your Eligible Adjusted Deposit (fresh money deposited into KDI Invest)
- Your KDI Save Balance (cash sitting in KDI Save on day 120)
The bonus is calculated as: Matched Amount × (6.5% - 4.0%) × (120/365)
In other words, they reward you for using both products together. It's a lock-in strategy.
Real Examples: How the Matching Works
| Your Setup | KDI Invest | KDI Save | Matched Amount | Bonus Earned |
|---|---|---|---|---|
| Perfect Match | RM 3,000 | RM 3,000 | RM 3,000 | RM 24.66 |
| Invest > Save | RM 10,000 | RM 8,000 | RM 8,000 | RM 65.75 |
| Large Invest Gap | RM 10,000 | RM 3,000 | RM 3,000 | RM 24.66 |
| Maximum Efficiency | RM 20,000 | RM 20,000 | RM 20,000 | RM 164.38 |
← Scroll horizontally to view full table →
Key insight: Many investors make the mistake of putting all capital into Invest and little into Save. This wastes the matching bonus. Your matched amount is the bottleneck.
Rule 2: How the Bonus is Actually Paid (Two-Stage Payment)
The 6.5% isn't paid as a lump sum. Here's how it actually works:
- Stage 1 (Daily): You earn your normal interest in KDI Save at 4.0% p.a. (for balances under RM50,000). This is paid daily as you hold the account.
- Stage 2 (Day 120): KDI looks back and calculates a "Top-up Bonus" to bring your total return up to 6.5% annualized.
The calculation:
Example: If you matched RM3,000, on day 120 you receive:
- Daily interest earned: RM3,000 × 4.0% × (120/365) = RM39.45
- Top-up bonus: RM3,000 × 2.5% × (120/365) = RM24.66
- Total: RM64.11 (= 6.5% annualized on RM3,000 for 120 days)
What This Means: You Don't Lose Everything If You Withdraw Early
Unlike a traditional fixed deposit, you don't forfeit the entire bonus if you withdraw before day 120. Here's the important distinction:
- You keep the daily interest (4% portion) up to your withdrawal date
- You lose only the top-up bonus (the 2.5% extra) if you withdraw before day 120
Example: If you deposit RM3,000, earn RM39.45 in daily interest over 60 days, then withdraw, you keep the RM39.45 but lose the RM24.66 top-up bonus.
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Special Case: High-Balance Adjustments (Over RM50,000)
If your KDI Save balance exceeds RM50,000, your base interest rate drops from 4.0% to 3.5%. But KDI adjusts the bonus calculation so you still hit 6.5% total.
Example: RM60,000 matched with high-balance tier:
- Daily interest: RM60,000 × 3.5% × (120/365) = RM68.49
- Blended bonus rate: 3.0% instead of 2.5% (to reach 6.5% total)
- Top-up bonus: RM60,000 × 3.0% × (120/365) = RM58.90
- Total: RM127.39 (still 6.5% annualized)
You're not penalized for large balances; KDI simply adjusts to maintain the 6.5% promise.
The Real Play: Matching Strategy
Rule: Maximize your matched amount. If you have RM20,000 total capital:
- Put RM10,000 in KDI Invest
- Put RM10,000 in KDI Save
- Earn 6.5% bonus on the full RM10,000 matched
- Earn 4% base interest on KDI Save daily
- Total return over 120 days: RM164.38
This is maximum efficiency. Any imbalance between Invest and Save leaves bonus on the table.
Who Should Use This Strategy?
Perfect For
- • Investors with capital that won't be touched for 4 months
- • Conservative savers seeking better returns than fixed deposits
- • Those comfortable with KDI's AI-driven US equity allocation
- • People who can split capital evenly between Invest and Save
- • Anyone wanting guaranteed 6.5% during uncertain markets
Not For
- • Day traders or those needing liquidity
- • People without RM3,000+ fresh capital
- • Those wanting PIDM insurance (KDI is investment product, not covered)
- • Investors who cannot maintain matched balances through day 120
Bottom Line: Worth It?
YES, if:
You can split capital evenly between Invest and Save, can leave it locked for 4 months, and want 6.5% guaranteed returns vs. fixed deposits (3.5%).
MAYBE, if:
You're nervous about US market exposure but want yields above 4%. The 6.5% bonus reduces portfolio volatility vs. full equity allocation.
NO, if:
You need emergency access, can't maintain matched balances, or believe markets will crash soon.
💡 The real insight: KDI's matching rule means your strategy must be equal capital across both products. Unbalanced setups earn far less than advertised.
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IMPORTANT: NOT FINANCIAL ADVICE
This article reviews KDI Invest Deposit Programme only. It is NOT investment advice.
- • 6.5% bonus rate is time-limited (Jan 18 - Dec 31, 2026 only)
- • NOT covered by PIDM insurance. KDI Save and KDI Invest are investment products, not deposits
- • KDI Invest's 2025 performance of 14.8% is historical and not guaranteed to repeat
- • Read KDI's official Scenarios document carefully. Bonus conditions are strict
- • Before investing, consult a licensed financial advisor registered with the Securities Commission Malaysia (SC)
- • This information is current as of February 3, 2026. Terms may change without notice
Duitwise takes no responsibility for capital losses on KDI Invest due to market movements, program termination, or failure to meet bonus conditions. You are responsible for your own investment decisions and should independently verify all terms with KDI before investing.
References (January 2026)
- • KDI Invest Deposit Programme - Official Scenarios Document (Jan 2026)
- • Kenanga Digital Investing official website: digitalinvesting.com.my
- • KDI Save & Invest T&Cs and product documentation
- • Securities Commission Malaysia: Investment product guidelines