Overnight interest got different rate?

I deposit RM 100 and get RM 0.01 (the minimum amount I get)

Not sure how they calculate overnight interest.

didn't realize versa changed their minimum deposit to RM 1

not worth the time and effort for rm1 deposit

Good for those who like the money saving challenge

First day save rm1, second day rm2 ... etc

can i ask why is allocate plus better for long term? I'm still deciding between allocate and versa

Versa only can invest Affin Hwang Enhanced Deposit Fund, while allocate plus can invest most of affin hwang's product.

PMMMF rate as of 26/02/2021 is 1.73% pa

I will say fsm more choices but sales charge by allocate plus is cheaper bcoz 1% for equity fund n 0.75% for balanced fund.

But fsm can use credit system to off set the sales charge.
FSM oso got promo sales charge but allocate plus just finish their 0% sales charge, future I not sure still got or not.

Mostly the good bond fund in fsm got platform fee, unless u only hold less than 3 year n redeem. Allocate plus sales charge for bond fund is 0.5%, n i will stick with affin if I wish to hold in long term (I personally like affin bond n affin select bond).

Up to u to make the decision, different ppl different play style n view.

Wrong calculation as it is off by a decimal point

It is 0.09% fortnightly and 0.18% per month hence projected rate is gonna be lower at 2.1% yearly this year

Which I gonna take it out soon and parking into short term bonds which pays at least 3%

Bank Negara seen holding key rate as infections slow, Covid-19 vaccination starts

KUALA LUMPUR: Malaysia's central bank is expected to leave its key interest rate steady on Thursday, according to a Reuters poll, as a slowdown in new coronavirus infections and a recently launched vaccination drive boost confidence in the economic recovery.

Eleven out of 15 economists saw Bank Negara Malaysia (BNM) keeping its overnight policy rate at a record low of 1.75%, a Reuters poll showed on Tuesday, with four forecasting a 25 basis point cut. BNM cut rates by a total of 125 basis points in 2020.

Malaysia's economy saw its biggest full-year contraction in over two decades last year as it imposed strict coronavirus curbs for most of 2020. The economy shrank 5.6% - its worst performance since the Asian Financial Crisis.

"The country's vaccination programme will boost confidence, and export performance continues to shine," HSBC said in a research note.

The government launched its COVID-19 inoculation programme on Feb. 24. Official daily figures have shown a slowdown in infections but the total case tally has surpassed 300,000 cases, the third highest in Southeast Asia after Indonesia and the Philippines.

https://www.thestar.com.my/business/busines...cination-starts

My Versa top up on Monday, until today the deposit still in transit, last time 3 days will transaction complete, this time take so long ?

You'll still earn overnight interest right?

maybe, the overnight interest also not yet reflect

So it's 0.9% every fortnight or 0.09% very fortnight?

not so high. My first deposit RM 100 on 16/02/2021, units booked on 17/02/2021 & get RM 0.01 overnight interest. around 0.01%.

It’s 0.09% every fortnight and daily gain of rm0.01 per day for every rm100

Overnight interest willing only kick start for deposits which are processed more than 24hrs only for Friday after 12pm till Sunday and weekday public holidays

Payout today for Versa?

Yes another expected 0.0009 per unit payout again

Gonna withdraw fully after this to standby to buy dips soon

Next crash maybe next year already.