QUOTE(~~5ive~~ @ May 10 2024, 05:21 PM)
I am not following you.
Can set up auto debit RM200 to versa cash to qualify for the campaign.
And assume you already have RM1k in versa cash, then you will qualify to this +1% (Apr wise is 3.68% base + 1% promo = 4.68%)
this promo is applicable for first RM10k in your account.
liquidity wise, the RM200 that deposited into account thru auto debit, can be cashed-out too as long as you keep minimum balance of 1k.
Anything i miss?
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Update: Gone through the terms again and i understand now. So the Rm200/500 need to stay under "Invest" fund, and you get +1% on your "Save" account.
So this promotion is only suitable for ppl who are open to have investment in MMF.
Open to have investment in MMF?
Versa Save is MMF, Versa Invest is not.
QUOTE(SKL @ May 10 2024, 09:17 PM)
People seems scared about versa invest. Actually auto debit in invest fund is not a bad idea using cost averaging every month. This is funds not shares that will likely delisted. It's safe to use dollar cost averaging.
I think people just feel that it is not worth the trouble to set up a DCA just to get 4.77% (KDI offering 4% no string attached) for 10k/30k amount only.