I was wondering how can Stashaway Simple and Versa still advertise >2% p.a. return when OPR is like 1.75%, even the top performing MMF on FSM is <2% p.a. for the past 6 months. Its either outdated or some hidden catch.

Stash Away Simple
Underlying Fund: AmIncome Fund
Consists of 50% Bonds and 50% MM Deposits, not sure whether bond downgrade will lead to loss, should really disclose it on the front page instead of digging through the FAQ and multiple google search.

Versa
Underlying Fund: Affin Hwang Enhanced Deposit Fund
Didn't seem to exceed 2% p.a. for the past 6 months