nothing new, existing base rate also on "net return rate"

meaning, the published rate is what you get after deducting relevant fees:

// Is the 3.2% p.a. net return rate before or after fees?

The 3.2% p.a. net return rate is after fees. This means that the rate has already deducted the Management fee of 0.3% & Trustee fee of 0.05% //

reply Versa-related questions in Versa topic https://forum.lowyat.net/topic/5129545

answer above: https://www.sc.com.my/development/digital/d...tal-initiatives


FAQ: Is Versa safe and licensed in Malaysia? – Versa Asia

This post has been edited by cybpsych: Oct 31 2022, 07:47 AM

back to base rate lor...


Versa Cash base net return rate + promotion net return rate = Campaign Reward

2.5% p.a. + 1.5% p.a. = 4.0% p.a.


assuming no change to base after 31 Jan 2023.

check your email invite

------------------

Affin Hwang AM x Versa

It’s no secret that financial planning is important, but in a rising cost and inflationary environment, it’s especially tough. Some day, we all hope to achieve financial freedom where we can finally stop worrying about where our next paycheck is coming from and start doing things we enjoy! But the question is, how do we get there?

Listening to stories from people who have been in our shoes can sometimes help us see things from a new perspective. So let’s face it, adulting and managing our finance isn’t easy. But if we hear from others who have gone through similar experiences, it might help us out.

Join us over the weekend, ✨ PHYSICALLY ✨, for a no non-cents, casual ringgit chats featuring, CEOs of Versa (Teoh Wei Xiang) and RinggitPlus (Siew Yuen Tuck) and moderated by Affin Hwang Asset Management Berhad’s Director of ETF & Innovation Lab (Chong Lee Choo). Together, we will be exploring:

How saving and investing is different for everyone
Saving and investing in the digital world
Money habits to cultivate despite how much you earn
Navigating different career paths and wealth creation

Register to save yourself a seat! Just 2 minutes to complete and the Access Pass will be yours.

Only 80 seats available.

80 seats only mah

now already +11 days after email invite

not joining this

Transaction History no graph la .. transaction earnings got listed mah, in Rebates & Payout

read

https://support.versa.com.my/hc/en-us/secti...081495-Security

https://support.versa.com.my/hc/en-us/artic...Trustee-Berhad-


if you cannot accept how versa manage your fund, then better go with PIDM products like FD instead

security of fund goes both way: you and service provider

most ppl doesn't even know the leakage came from them. it's easier to blame the other party

there are institution that help you on disputes, in this priority

1) always try to resolve from the service provider
2) if not satisfied, escalate to OFS for mediation
3) finally regulatory authorities like BNM

This post has been edited by cybpsych: Jan 21 2023, 11:53 AM

same-day cash-out

Versa Cash : Your money will take up to T+1 business days (by 11.59 PM*) to reach your bank account.
Versa Cash-i : Your money will take up to T business days if you Cash Out before 10.30 am




Can I save with Versa Cash and Versa Cash-i at the same time, and earn the promotional net return rate of 4.0% p.a. for both funds respectively?

Yes, all users ) can save with Versa Cash and Versa Cash-i at the same time to enjoy the promotional net return rate of 4.0% p.a. on the first RM30,000 in each fund respectively. Subsequent amounts above RM30,000 will be entitled for base net return rate.



This post has been edited by cybpsych: Apr 3 2023, 03:25 PM

i can click into Versa Cash-i

main page, tap Savings icon, then tap into Versa Cash-i, then there's [Cash In Now] button

not an issue geh

hope they allow doing [Cash] -> [Cash-i] direct transfer (maybe need T+1 day to process), instead of manually do each one

This post has been edited by cybpsych: Apr 3 2023, 03:38 PM

Campaign Update

Yes, you’ve guessed it right! We’re extending the 4.0% p.a. net returns promo for Versa Cash and Versa Cash-i to 31 Aug 2023.
Save today! Don’t miss this opportunity to save more now!

*T&C’s apply. Learn more here https://bit.ly/3x7RRAb

How long does it take for the Cash In amount to be processed and reflected in the available balance – Versa Asia

4% is not a straighforward grant to your account

Campaign Reward
= Net return of 4.0% p.a.
= Versa Cash-i base net return rate + promotion net return rate
= 3.17% p.a. (Based on historical performance in January on January 2023) + 0.83% p.a.
= 4.0% p.a.

Your returns from this campaign will be credited to your Versa Cash and/or Versa Cash-i account the following month, on a monthly basis.


what you see from the app is (current) base return. the promo return only credited (separately) next month.

This post has been edited by cybpsych: Jun 29 2023, 08:40 AM

already poste in Rize topic and Rize's website

only some ppl facing constant issue

always better choice to spread the $$ between the platforms.

4.3%

https://versa.com.my/versa-cash-3-2-net-ret...rate-promotion/



This post has been edited by cybpsych: Jul 10 2023, 12:33 PM