They don't give lumpsum 4%

You will get basic rate (2.75% is it?) end of the month, you should have already receive this, look for 'Payout' in your transaction

The bonus rate will be given around 11th-15th of the month (this month), look for 'Bonus' in the transaction log

This is from my observation la

Payout is the base rate should be 2.75%

Rebate or bonus is the extra % above the base rate

4% only applies on Nov so base rate has been paid out and now wait another 2 weeks for bonus 1.25%

4% is only started from Nov. The latest payout should be just the base rate of 2.75%, the additional 1.25% should be able to get in the mid of next month.
Correct me if I'm wrong

that rebate should be for the past month, Oct.
Rebate for Nov will be in Dec

🤔Susah Kira I lost track.. wait later see

Does this mean that after the promo ended, I'm should not withdraw for ~2 weeks since I have to wait for the bonus payout? And the funds will be sitting for base rate only for that ~2 weeks until payout.

*Assuming promo ended without others.

I think actually the payout is not 2.75%. It is just the income distribution of the fund.
What we earn from Versa Cash is actually the increase in the unit price of fund, if u observe the available balance, actually it goes up almost daily.
so I'm not much care about the payout

so far that is what I observed

Agreed. The payout seems much lower than the daily interests in length of a month

You can still withdraw and just wait for the bonus paid out

The best is to leave a minimum of 50 so that later you can withdraw with the full bonus

Paid out is to adjust the daily average of the fund hence it is adjusted only once a month

While rebate is to cover any shortfall of the projected returns

2.75% is paid out plus rebate plus daily adjustment of funds

Yea, I want see if they give the balance total =4%
Daily I just calculate add 3%?

This post has been edited by lim47: Dec 1 2022, 06:40 PM

Can use the difference between beginning and ending monthly balance to calculate the return percent?

Seem like still not attractive to open Versa account even though there is ongoing promo by ringgitplus

Bonus is Payout or Rebates?

Checked versa today. Seems have 2 new investment types. Versa Gold and Versa REITs. What is "thematic" btw?

thematic is gold and reit

core is moderate (fixed income) and growth (equity)

With Versa REITs, you can:
Invest in real estate from RM100
Get diversified exposure in various property sectors
Enjoy 0% sales, redemption & switching fees
Diversify investment during market volatility

What is Versa Gold? 👑

Versa Gold is our first Shariah-compliant fund that closely tracks the performance of Gold prices. The underlying fund of Versa Gold is the Affin Hwang Shariah Gold tracker fund.

Versa Gold is:
Shariah-Compliant
100% backed by physical gold
Easy buy and sell
Enjoy 0% sales, redemption & switching fees.
Hedge against inflation and market volatility

Versa Reits fee quite high.. https://versa.com.my/invest-in-premium-real...gh-versa-reits/
"annual trustee fee of 0.07% and an annual management fee of 1.8%."

Gold one not sure, is it good? Source: https://versa.com.my/what-sets-versa-gold-a...t-is-Versa-Gold?
Versa Gold fees: "0% sales, redemption and switching fees; 0.30% management fee; and 0.03% trustee fee."

This post has been edited by Davidtcf: Dec 5 2022, 03:40 PM

Compare to buy gold from bank/hellogold
1. Buy & Sell gap is too huge.
2. HG charge fees on storing into their wallet

This is buy ETF for gold, way good option that digital gold /physical gold.

Buy, Sell and switching - 0%
Management fees is low

So i prefer this option unless you plan to buy from bursa ETF (low volume), USD Gold ETF (another option). Those Stashaway/ Robo got also but seldom dedicated for gold. I just checked Affin, they charge 2% on sales


This post has been edited by ericlaiys: Dec 5 2022, 06:28 PM

Bonus is different from payout and rebates

Payout it is fixed while rebates is to cover the shortfall of base rate

Bonus is the promo currently additional 1.25% on top of base rate

GLD is cheaper is in the long term

RM is cheaper to buy in Bursa Gold ETF which is underlying fund

Can’t be bothered with both as it is feeder fund to those 2 Bursa ETF 🤦‍♀️ while paying management fee

ya, agree with u. I will also prefer Versa Gold compared to Hellogold and bank.

fee is much cheaper