still shows 4% in the app... March base rate = 3.77%
Investment Versa
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 Apr 16 2024, 02:20 PM
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#141
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All Stars
21,308 posts Joined: Jan 2003 From: Kuala Lumpur   
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Apr 16 2024, 03:50 PM
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#142
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All Stars
21,308 posts Joined: Jan 2003 From: Kuala Lumpur
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QUOTE(T09 @ Apr 16 2024, 03:30 PM) So from May onwards, no more 4%? Only base rate of 3.77%? the AUTO-DEBIt must be into Versa Invest (not Versa Cash/Cash-i)Must setup auto debit RM500/mth so my money in cash/cash-i will have 4.77% p.a.? Did i understand this correctly?  |
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Apr 17 2024, 07:23 AM
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#143
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All Stars
21,308 posts Joined: Jan 2003 From: Kuala Lumpur
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Maybe need an update from Play Store ?
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Apr 24 2024, 02:33 PM
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#144
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All Stars
21,308 posts Joined: Jan 2003 From: Kuala Lumpur
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QUOTE(sp3d2 @ Apr 24 2024, 02:24 PM) What is fsm usd sweep? something called Google will be your friendNoob here. Please explain to me patiently. |
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May 8 2024, 11:15 AM
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#145
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All Stars
21,308 posts Joined: Jan 2003 From: Kuala Lumpur
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QUOTE(sonotme @ May 8 2024, 12:46 AM) Was there some miscalculation in march rebate? how do you know ...? |
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May 8 2024, 03:57 PM
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#146
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All Stars
21,308 posts Joined: Jan 2003 From: Kuala Lumpur
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Actually are we reading the records wrongly 11-Mar-24: RM1.00 - Campaign Bonus Should be for Feb 2024 12-Apr-24: RM3.54 - Campaign Bonus Should be for Mar 2024 sonotme liked this post
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May 13 2024, 11:18 AM
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#147
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All Stars
21,308 posts Joined: Jan 2003 From: Kuala Lumpur
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QUOTE(nders @ May 13 2024, 11:04 AM) is any of the versa invest portfolio worth investing into? their rates seems impressive, but I noob dunno if it's true. investing is long term.... speculation is short term...dollar cost averaging is the better way to investments |
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May 15 2024, 09:38 PM
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#148
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All Stars
21,308 posts Joined: Jan 2003 From: Kuala Lumpur
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QUOTE(Vincent9696 @ May 15 2024, 06:19 PM) interested to know which platform u meant 3.68% for April 2024What is the versa saving basic rate right now? |
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May 29 2024, 09:25 AM
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#149
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All Stars
21,308 posts Joined: Jan 2003 From: Kuala Lumpur
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QUOTE(p4n6 @ May 29 2024, 08:56 AM) The base interest i believe is reference to last month performance. If you have bonus then will be base+bonus. If no bonus then only get the base (last mth benchmark does not reflect current month). Versa cash does not pay daily interest actually....From app update, Versa pays interest daily except weekend from what i observed. The weekend interest will be credited on Monday. It's like buying Unit Trust (which invest in Money Market Funds, MMF) but paid monthly around 25-28th of the month rocketm liked this post
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May 29 2024, 10:56 AM
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#150
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All Stars
21,308 posts Joined: Jan 2003 From: Kuala Lumpur
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QUOTE(1mr3tard3d @ May 29 2024, 10:32 AM) i think they might also be using the 'EAR' method it's not at all...the closest i could get (1+0.0363/366)^365-1 basically non-working days since no one is updating the NAV or processing cash in/cash out Their Versa Cash is "unit trust" thus no fix per annum. Don't use FD calculation style for Versa. |
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May 29 2024, 10:55 PM
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#151
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All Stars
21,308 posts Joined: Jan 2003 From: Kuala Lumpur
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QUOTE(ssismalltoe @ May 29 2024, 10:38 PM) I request withdraw RM 1100 on 24 May 2024 9:48am+, after 3 working day(29 May 2024), my account only received RM 1099.36, is that normal? Check the AHAM transaction slip to understand why...   ssismalltoe liked this post
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Jun 5 2024, 01:23 PM
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#152
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All Stars
21,308 posts Joined: Jan 2003 From: Kuala Lumpur
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QUOTE(kasha @ Jun 5 2024, 12:37 PM) Contacted the support and was informed Maybank rejected the cashout. So Versa said they have deleted the bank details (which is correct, the same i used for cash in), and ask for another bank details. the reason of rejection ?But if it was rejected, why didnt it displayed that? Need to wait till 6/6? Wasted 4 days earnings. Now the cashout button in under maintenance. |
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Jun 6 2024, 07:26 AM
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#153
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All Stars
21,308 posts Joined: Jan 2003 From: Kuala Lumpur
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QUOTE(kasha @ Jun 6 2024, 01:59 AM) They said wrong account. And straightaway deleted that account. But it is the same as my cash-in account. Maybe the payee name not exactly same as your Versa account nameSo will see if any problem with 2nd account, andhow long will it take since this is done via email. |
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Jun 28 2024, 01:32 PM
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#154
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All Stars
21,308 posts Joined: Jan 2003 From: Kuala Lumpur
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My Versa seem for June 2024 didn't receive reinvestment or rebates
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Jul 10 2024, 02:11 PM
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#155
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All Stars
21,308 posts Joined: Jan 2003 From: Kuala Lumpur
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QUOTE(onthefly @ Jul 10 2024, 01:32 PM) me too. None for June. I didn't ask the CS...but the answer you've gotten is pretty correct.Versa support said because 4% promotion no more from May. Did you get an answer for your case ? |
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Jul 23 2024, 04:34 PM
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#156
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All Stars
21,308 posts Joined: Jan 2003 From: Kuala Lumpur
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QUOTE(ycktech @ Jul 23 2024, 01:40 PM) How come I calculate Versa Cash the daily interest given to me is around 2.99% per anum only? that type of calculation will not work for VersaAm I missing something? Ex. RM 5000 give daily RM only 0.41, shuldn't it be around RM 0.50? Treat Versa like Unit Trust in terms of calculating "returns" My CAGR is merely 3.76% since I started investing in Jun 2021 This post has been edited by ronnie: Jul 23 2024, 04:36 PM |
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Jul 24 2024, 07:51 AM
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#157
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All Stars
21,308 posts Joined: Jan 2003 From: Kuala Lumpur
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QUOTE(ycktech @ Jul 24 2024, 07:46 AM) I just see the incoming amount under transaction show 0.41 then i calculate with my deposit amount x % / 366 or 365. as I said you don't assume VersaCash like FD ...it's not. it's more like unit trust based on on NAV valueIt show diff amount, out of curiosity so I just ask here.  Correct me if I am wrong, It seem like the Versa Save 3.67% is not guaranteed then. Or is there a minimum promised % from Versa? This [x % / 366 or 365. ] won't work... and VersaCash only credits new units (your earnings) close to end of the month. Go to https://aham.com.my/invest-with-us/list-of-...etails?q=EDFHCF and refer to the Income Distribution chart The easiest is to use this formula: Current NAV value / NAV value when you invested |
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Jul 24 2024, 08:14 AM
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#158
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All Stars
21,308 posts Joined: Jan 2003 From: Kuala Lumpur
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QUOTE(ycktech @ Jul 24 2024, 08:03 AM) thanks for the info. I am kinda new in Versa. Nominal effective rate: KDISave > AEON Bank > RIZE > Versa > GXBankJust wanted to know which is better for the rates. Investment (KDI SAVE, Versa Cash) Savings (AEON, RIZE, GXBank) |
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Aug 7 2024, 07:47 AM
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#159
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All Stars
21,308 posts Joined: Jan 2003 From: Kuala Lumpur
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My first auto-debit into VersaPRS (2nd year) get charge RM8 PPA annual fee....
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Aug 11 2024, 09:58 PM
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#160
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All Stars
21,308 posts Joined: Jan 2003 From: Kuala Lumpur
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QUOTE(batman1172 @ Aug 11 2024, 04:53 PM) Versa cash is now 4.04% ? According to the app: 4.04% Base Nett for JULY 2024 |
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