I open account today with code below for the RM18 e-angpow

Affin Bank sells asset management arm to CVC Capital Partners for over RM2b, say sources | The Edge Markets

KUALA LUMPUR (Jan 27): Affin Bank Bhd is said to have clinched a cash deal to sell its asset management arm, Affin Hwang Asset Management Bhd (Affin Hwang AM), the banking group’s crown jewel.

The price tag is believed to be in the range of RM2.3 billion to RM2.6 billion cash, according to sources.

Private equity fund CVC Capital Partners is among the interested parties wanting to take over Affin Hwang AM, whose asset under management has grown to RM81 billion as at end-2021.

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Hmmm how should I take this news as a Versa user? Life goes on, wait and see if there'll be changes to the interest or payout structure? 🤔

No differences only thing you need pay attention to OPR instead

REMINDER for today

Chinese New Year delay I guess. Just opened an account on 28th January and the deposit is still under processing.

1st deposit will take 3 business today to open account and verified

So by only earliest 4 feb your account will be only and start processing

How's versa latest rate? Thinking of migrating to OCBC frank.

higher than frank with every 2 week payout

why not ocbc 360? 2.15%

Cause I don't spend with OCBC card at all. Last time when it was 4.5%, yes worth to spend using the card. Now not so much as interest rate so low.

maybe the claimed rate of versa seems higher only, in fact, the underlying MMF fund of versa 1-year performance is 1.80%
which is similar to frank

https://affinhwangam.com/invest-with-us/lis...etails?q=EDFHCF

OK worr, free RM8 for RM588 deposit

lol....by now, quota should finished already on day 1

well, nothing loss walaupun x dapat

Getting downhill since q3 2021 with 1.8% for 2021

Wait until BNM raise OPR the next only can get back in

Not even higher in fact on par since Q3 2021

I've been receiving rebates from them to match 2-2.1% p.a. returns though?

1.8% is the base but they do provide monthly rebates in order to match their "projected" net returns of 2-2.1%

Rebates are only given out at a certain level and amount and i5 is up to discretion of Versa to give out and it can be pulled anytime soon

Just look at the underlying fund itself already it is already going downhill since the payout amount every fortnight and paying 0.08 units for every 2 weeks

Like that better use frank rather than versa. Better liquidity.

I already started since Q3 2021 when it was starting going downhill with returns and higher unit price

In fact when it was it starting at 1.1711 returns were great and now at 1.1718 it is going downhill unless OPR rates are starting to hike