Ahm my mistake. I take 12-8 = 4 months. Didn't count in August in itself. My bad. Lack of sleep. Lol.

Versa giving 3.2% for the first 30k until end of the year

Good news! I just did the math, if compare to KDI, the difference of 0.2% with max RM 30k will make us RM 20 richer

Frequently Asked Questions (FAQs)

How does the campaign work?
It’s simple! As long as you have funds in Versa Cash, you will automatically enjoy our promotional net return rate of 3.2% p.a.

This promotion only applies to the first RM30,000 in your Versa Cash account and it is open to all new and existing Versa Cash users.

If my balance in Versa Cash exceed RM30,000, will I continue to earn the promotional net return rate of 3.2% p.a.?
The promotional net return rate of 3.2% p.a. only applies to the first RM30,000 in your Versa Cash. Any subsequent balance above RM30,000 will continue to earn Versa Cash’s base net return rate of 2.5% p.a.

When will I receive my earnings from the campaign?
Your returns from this campaign will be credited to your Versa Cash account the following month, on a monthly basis.

Example: Your earnings from the promotional net return rate for the month of September, will only be credited into your Versa Cash account in October.

T&Cs https://versa.com.my/versa-cash-3-2-net-ret...rms-conditions/ | https://versa.com.my/wp-content/uploads/202...-Conditions.pdf

thanks for the quick math..guess many will skip for the hassle

Hopefully KDI will up the rate as well ?.....

3.2% for first 30k looks attractive, planning to open an account

Thanks for the maths. It is still ok for those who maximise KDI but already have versa account can just drop money inside for a few months.

guy3288 rm30k 3.2%p.a parking spot for you. Lol.

How did you get RM20?

should be extra RM60 per year,
RM5 per month,

dont forget, when deposit , you lose 2days (in KDI 2 days= RM4.93).
Withdraw again lose 1 day.
So end up may get nothing extra if many in out in out

follow KDi lah, deposit morning same day paid interest, withdraw morning same day get money
another Q is calculation how? KDI can easily checked (shown daily)


yeah will open another account, get member rewards on now


lol i was going for that 3.75% but so fast habis..
dapat 8k only

Don't worry. I am unloading I think next week.

Bro, Sept to Dec 4 month, RM 5 x 4 = RM 20 lar.....

2 questions about the 3.2% promo:

1. If I place RM30k on 05.09.2022, does the 3.2% interest is only valid to 31.12.2022 or 04.08.2022?

2. Does the 3.2% is after deducted the Management fee of 0.30% & Trustee fee of 0.05%?

Hi i just now try cash in versa. Bank already deduct money but versa not responsive for 15 mins. Anyone experiencing same issue? I close app and open then in transaction page only show draft…

Oh they’re quick fast in dealing this. Already processing now after i send an email to them.

Kinda skeptical about their rate .. cuz the last time I tried calculating, the effective interest macam lower than marketed. Granted, my calculation could've been wrong...
Anyone else cross checked before?

Just saying, in case anyone's thinking about transferring from KDI... Might not be as good as you think. Then again, I have not verified KDI's rate yet so both side can very well be guilty of overpromising!

observe same thing as yours. And their so call fixed income fund value can move up and down a bit on different days/ time.

Anyone withdraw 30k from KDI to put in Versa?

Not for me at this moment

Just did another calculation on difference of 2.25% and 3.2%, about RM 23.75/mth extra doesn't seems justify for me to open another account with Versa, and also learning the new process of it.

Better to stay with KDI at this moment

KDI tested and proven lah. daily interest you can easily check =X x3%/365 that is exactly what you get daily

RM23.75 a month still not significant?
2.25 and 3.2% big difference lo.