Does versa pay daily interest too?
Prefer KDI cos its daily compounded interest and processing is faster
Money market fund
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 Apr 14 2023, 12:56 PM
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Apr 14 2023, 02:21 PM
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800 posts Joined: Mar 2009
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QUOTE(xander2k8 @ Apr 14 2023, 01:46 PM) Already mentioned before π€¦ββοΈ monthly payout and rebates for 4% promo rate I know monthly payout but is the interest daily compounding like KDi?? |
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Apr 14 2023, 03:58 PM
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QUOTE(Ramjade @ Apr 14 2023, 03:41 PM) What I know is only KDI compound daily. The rest is monthly. Oh then KDi is much better then. Versa has 4% promo now, that's why i am looking at it. π |
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Apr 14 2023, 05:56 PM
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#4
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QUOTE(xander2k8 @ Apr 14 2023, 05:45 PM) KDI doesnβt have daily compounding in the 1st π€¦ββοΈ It does. I had done the calculations when i deposited with them last year. Any changes this year, that i am not sure πThis post has been edited by sweetpea123: Apr 14 2023, 05:57 PM |
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Apr 14 2023, 06:28 PM
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QUOTE(xander2k8 @ Apr 14 2023, 06:06 PM) It is only compounded after the returns goes into the net return 1st π€¦ββοΈ ??? π€π€π€Nvm. Your understanding and my understanding of daily compounded interest could be different π |
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Apr 15 2023, 02:21 AM
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#6
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QUOTE(xander2k8 @ Apr 14 2023, 06:46 PM) You use daily effective annual rate calculator and it will tell you why it is not π€¦ββοΈ I had an excel sheet then and it calculated perfectly. So nvm, forget it. I just needed to know if Versa is the same. I got my answer. πIt is not straight fixed daily compounding rate |
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