I think is mainly because TNG advertising too much on this and it looks like something big... but some people disappointed on the return
The haters and supporters are always there ...

Basic rubbish product as it will fluctuate daily hence for gain of rm0.01 to rm250 deposit basically useless to the point to There too many suckers in the platform to be sucked into it

The key is to demand that they should return at 1.8% at OPR rates otherwise suckers who are into it basically just robbed of the returns of 0.33% for doing basically nothing and just making CIMB richer

only CIMB?? what about other bank's partnered platform?

This just show how illiterate Malaysian is

I assume you are talking about rhb bonus saver

Once you have incremental of rm500 by the end of each month for the period of 1 year, you get 2.65% interest (before covid rate)
Last I checked, no need to top up every year. (2020 December) Just that without rm500 incremental balance increase, there no extra bonus interest

Have they change their t&c?

This post has been edited by xcxa23: Mar 29 2021, 01:29 PM

"Their interest have always been lower than us." I think @Ramjade talk about SG MMF not RHB bonus saver.

Is it? Ok then. Gonna leave my reply there. In case anyone interested with high yields saving account. And it does not require any spending limit.

Maybe they thought its like bitcoin hahahhaa

Hmmm, didn't really see much advertisement on that except the popup banner last week when it was released to users.
Perhaps they just thought they could use TNG to be one of their main investment vehicles which is super unlikely.

I think it's a great step for educating Malaysians about MMF and investment in general. How many people out there don't even know what's the interest rate of their basic savings account? Yes it has shitty returns, but it's probably the first investment some Malaysians make in their entire life. From then on, they can start to explore other options with high returns (along with their risks as well).

But that means you need to deposit rm500 every month right? Then that rm500 is lock up and cannot be removed right? If remove won't have incremental of rm500/month.

It's monthly incremental of rm500 for 1 year only and that's it
After that you may withdraw any amount of the balance and still enjoy the 2.65% (pre covid rate)
There's No need of yearly deposit nor min spending as you claimed
To enjoy extra 0.5% or 0.1%( not sure about the bonus rate, please refer to rhb for accurate details) you will need to have monthly incremental of rm500 and this is not compulsory

Disclaimers
*This requirement remains true as of December 2020
*Rate mentioned is pre covid

This post has been edited by xcxa23: Mar 29 2021, 03:07 PM

IMO there's nothing wrong with ths GO+ feature per se, it's nice to earn a few sen with TnG balance especially heavy user.

But IMO it's also mostly something to combat the people who complain about how TnG has no cash out and any money put in is wasted 🤣 it's a way to one-up the other major ewallet competitors who have similar problems and to compete against wider DuitNow implementation. So it's not an ideal investment vehicle, but it does it's job at helping retain existing TnG users la

Principal just basically smoke and mirrors to CIMB

If you’re comparing to Versa itself better liquidity with better rate of returns with 0% expense ratio while Go is just basically 0.33% go out the drain for consumers

Hence consumer awareness and education are important because when there’s no demand they will most likely have to raise the rate of return in order to attract new funds into it with the current climate

Try finish this section. 😁😁😁

Thanks for directing me to this thread! Lots of good information by forum netizens. Thank you to all who shared their experience.

Gonna try maximising credit card benefits by moving into TnG then Go+ and around. lmao

Nevertheless it looks like there is no close contender to Versa's combination of transaction speed + returns.

This post has been edited by Murasaki322: Mar 31 2021, 10:18 AM

hi, i deposited Versa on 28/3 and today the status still showing awaiting processing. Is this normal?

normal. they reflect into their system a little bit late.

Normal. For deposits they take around 2 to 3 biz days to complete from receiving the FPX deposit to invest in MMF. 28/3 Sunday non biz day, so should finish later today once money is invested into MMF and they'll reflect in Versa.

If not then better call customer service and check

This post has been edited by DragonReine: Mar 31 2021, 10:47 AM

Versa

2/3 RM5000 deposit

As of 1/4 RM7 gained.

Newbie here. I am starting to notice there are many players now for MMF. So far which are the better choice below; in your opinion. Also, are there more options available besides the 3 I've named?

1. StashAway Simple
2. Versa
3. TnG GO+

This post has been edited by Icon01: Apr 1 2021, 02:28 PM