versa updated 2.46%* p.a. as projected for 2022

their faq stated "net interest is projected at approximately 2.0 - 2.1% per annum"

https://support.versa.com.my/hc/en-us/artic...est-calculated-

urm so this one they write only 2.46%.. and it's not confirmed?

This post has been edited by Davidtcf: Feb 21 2022, 10:38 AM

earlier some posters calculated nett effective return is slightly <2% p.a. last year.

competition now quite high with kdi released...lol

thats why they state 2.46%* p.a. projected for 2022, as their interest up and down throughout the year.

subject to bnm OPR too..

Not confirmed, as money market funds like Versa are reliant on "commercial grade" (read: big money) FD rates which are themselves affected by BNM OPR.

Typically MMF don't really go as high as promo FD rates (2021 average around 1.9x% je)

Their projected rates this year likely based on likelihood of BNM raising OPR which will similarly cause banks to boost FD rates. Also they include their "rebates" bonuses into the gain, so take it with some skepticism.

This post has been edited by DragonReine: Feb 21 2022, 02:28 PM

guys so versa , stashaway simple or frank for easy in and out fund ? just don't want to tie up for FD 1 years

If you want instant liquidity frank.
If you can wait one day versa.
If you want the best rate, kenanga digital invest at 3%p.a until end of the year.

This post has been edited by Ramjade: Feb 22 2022, 02:27 PM

FRANK or known as Flex is instant liquidity while Versa is next business day

Simple forget about because in and out already lose 1 week of interest

yes go for this..
also deposit RM3k to Go+ via Touch and Go app until July 2022 this year .. max 3k to earn 3.46% interest. More than that will earn 1+% for the remaining money. Deposit and withdraw very fast also.

But the 3.46% is until end of April right otherwise hit the max of RM1M will end of the event

Rm1million bonus or end of April whichever come 1st

withdrawal cut off time is 12pm:
https://versa.com.my/how-to-onboard-deposit...e%20(12%20p.m.).

just got money today morning after triggering withdrawal at 1pm on Monday. Gonna put in KDI Save instead.

This post has been edited by Davidtcf: Feb 23 2022, 09:10 AM

conflicting with their own FAQ (cutoff 2:30pm)

When will I see the money in my bank account after I perform a withdrawal in Versa? – Versa Asia

yea I remembered I read somewhere it's stated 2.30pm.. suddenly check again mention 12pm.

best trigger withdraw as early as possible if want to use the money.

so fast, payout this week...lol

Yea at least still better than Stashaway Simple.

KDI save is Versa competitor.. Also withdraw fast. Later after promo see what their rate is like.

THANK YOU

already registered for KDI save, withdrawing after payout XD
i do have 3k in tng as well

dont able to find kdi forum, anyone can share the link. dont want to post question here as this is versa forum