is it part of the TnC?
mmh...
anyway it is already history lost half month of interest of RM10k x 4.3%
give up on Versa
dont get me wrong, for those who looking to save money Versa is still good platform and dont be like me using Versa like a bank

see now i learn something...
thank you so much to the sifu sifu here

that is why i come here to share so ppl is aware and dont make the same mistake like me

i am like u put i park at Rize
problem is higher FD is most likely not going to be there anymore
OPR either maintain or drop saja now

i start to move my fund into ASM slowly
still got a lot of quota for me 300k!!!

dont dream opr will up
i dreaming since May till now

i like to dream it hit 5%

this waiting game is not straight forward
that is why i forgo my 0.3% and just go with Rize
Rize side also have their own issue so better choose wisely
but Rize can save even over 60k as there is no capping for 4% interest payout

the maturity is there with Versa compare to Rize
as long as Versa is paying the right amount then is fine
but for those who have >60k floating then balance put in Rize / KDI

same issue this morning

lagi less headache go for RIZE protected by PIDM vs VERSA / KDI which is not protected by PIDM

Do note that whatever thrown into PRS cannot withdraw until you are 55.

problem is the money cant take out till u are 55... just watch out

my encounter with PRS so far so good la... it a long term game
year 2015 i put RM1000 into it and end of 2015 the value left RM944.05 - maybe those deduction and fee
as off today i left with RM1416.27 (after 8 years)
so it is about 5% return per year agak agak some year higher some year lower

no money and the process last time long ago need go through agent
now with Versa it is much easier so gonna try RM1k see how long it reaches the account

i just masuk 1k... using versa is so straight forward, last time still need to sign this sign that to open PRS account
will keep you all posted for my age i only dare to masuk conservative

base on maximum of RM3k contribution into PRS multipy by your tax bracket
if you are paying 30% you get RM900 lo..

i dont think so.. i just invest RM1k to test it out and i dont mind this 1k to be kept until i am 55 years old
my main objective is my tax rebate

i tak tahu but when i claim back during my tax reporting i will get more than RM8
so i dont really mind the RM8 / RM10, just assume my tax bracket is 11% (50k to 70k) i still will get back RM11
but of course i will invest to the max of RM3k this year

https://versa.com.my/private-retirement-sch...ect-3x-rewards/

6% p.a. Cash Booster with Versa Cash when You Invest in PRS
Alongside your PRS investment of RM3,000, enjoy guaranteed 6% p.a. Versa Cash cash booster promotion! 📈💰
*On your first RM10,000 balance in Versa Cash for the next three months. Limited to the first 5,000 users.

🚀 Invest in Versa PRS Today and Earn RM50
When you invest a minimum of RM3,000 in Versa PRS, you will receive your RM50 Versa Cash Bonus!

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

just make sure your Versa Cash (did not say "i") have RM10k to earn 6%
make sure you masuk RM3k into PRS, so far i masuk RM1k, should have masuk RM100 to let it verify for 5 days
then after 5 days then masuk RM2.9k
i think they need 5 days to setup your account for you kinda stupid!

This post has been edited by virtualgay: Oct 24 2023, 03:29 PM