anyone did the math for the interest they give out for the versa cash?
in their FAQ it said it compounds daily but payout twice a month but in my statement the interest payout is the same amount which is .68 for the last 6 months.
my principal amount is 1k just for testing but if its compounded, isnt my interest payout supposed to be more than the previous month since its compounded?
i get some 'bonus' from them in my statement but not sure what that bonus is.

they gave UT unit. so your 0.68 hardly can get more UT and give u more payout. 1K, may be u can see from TNG ewallet.
Payout - every 2 week by Affin UT
Bonus - an additional payout by Versa.

its takes 6 days for versa invest withdrawal to complete .

This post has been edited by hafizredha: May 25 2022, 03:18 PM

received email from Versa

midyear promotion invest RM100 get RM20? until 30.6.2022


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First 1000 only. Got quota.

i see probably finished already quota

till today don’t quite get how the verve cash calculate the interest….thinking to pull out all the funds from the account.

Dead

will refresh ma?

now only payout once a month than every 14 days

Versa losing customers, now need to attract them back

probably the readjust return rate due to OPR change too

Don't think 2.5% will attract much customer, especially those already know KDI Save. The adjustment is inline with the rise of OPR

KDI Save 3% is until end of this year. After that who knows maybe it's 2.5% like others.

Bro, that's another 5 mths time, too far away to comment, anything could happen in between

Now already coming August. 4 more months. Time flies. So just get ready to move if needed.

Obviously your math is way "better" than me…1st time in my life I learn that Aug to Dec is 4mths, LOL

Don't think need to wait for payout for interest earnings though. Now they got graph for Versa Cash to see how often you earn