Wow, got bonus payout somemore!
What is this bonus payout? What is the rate in term of per annum?
Versa got a lot of hidden extra handouts. Not bad.

Low interest rates attracts more players into the money market

ETALING JAYA: The prevailing low interest rates have attracted more money market funds (MMFs) into the domestic market.

Based on the Lipper data, the total size of these funds currently stands at RM110bil. This represents less than 10% of the total deposits market.

The time is ripe according to analysts for such funds to gain prominence in the market as MMFs provide higher returns than deposit rates amid the Covid-19.

They expect the key benchmark interest rate – the overnight policy rate (OPR) which determines the cost of borrowings – to be cut by at least 25 basis points this year, hence a lower deposit rate. This augurs well for the pick up of these funds.

Among some of the players making headway in the MMF space are Versa, Stashaway and Touch ‘n Go. More are joining the bandwagon, one analyst noted.

https://www.thestar.com.my/business/busines...he-money-market

Not with Principal Asset Management?

Yes, I'm one of them.

What does it indicate? Goal that you set?

About time again for?

How come the projected rate is at 3.1% while last year whole return is about 2.4% pa?

21.6% pa for annum rate

Amazing!

Few posts aaid:

2 weeks: 0.9%
1 month: 1.8%
12 months: 21.6%

My maths got wrong anywhere?

I got an C (pass only) for Matha in SPM.
Won't dare to condemn on the calculation.

You put 10x more than you'll get the same return as him perhaps?

Overnight interest got different rate?

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

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

You'll still earn overnight interest right?

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