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Investment Versa

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000022
post Dec 27 2022, 09:02 AM

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Is it normal not to see earnings in transaction history? It just appears on the graph and as a whle under lifetime savings for Versa cash. As it is, hard to see if it tallies with the 3.5% they mentioned. Doesnt seem to be the case for now
cybpsych
post Dec 27 2022, 10:10 AM

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QUOTE(000022 @ Dec 27 2022, 09:02 AM)
Is it normal not to see earnings in transaction history? It just appears on the graph and as a whle under lifetime savings for Versa cash. As it is, hard to see if it tallies with the 3.5% they mentioned. Doesnt seem to be the case for now
*
Transaction History no graph la .. transaction earnings got listed mah, in Rebates & Payout
1mr3tard3d
post Dec 27 2022, 10:33 AM

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QUOTE(000022 @ Dec 27 2022, 09:02 AM)
Is it normal not to see earnings in transaction history? It just appears on the graph and as a whle under lifetime savings for Versa cash. As it is, hard to see if it tallies with the 3.5% they mentioned. Doesnt seem to be the case for now
*
normal as in the app itself or among other MMFs?
don't think there is a section in transaction history to view the daily earnings
only able to view from the graph, also, the earnings are not updated for non-working days (including weekend)

many would complain if it is 3.5%, should be 4%
the daily earnings are around 3%++ currently but the shortfall should be credited as bonus/rebate in January 2023 if the campaign allocation has not been run out
it was 4% for November 2022
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gooroojee
post Dec 27 2022, 11:02 AM

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QUOTE(000022 @ Dec 27 2022, 09:02 AM)
Is it normal not to see earnings in transaction history? It just appears on the graph and as a whle under lifetime savings for Versa cash. As it is, hard to see if it tallies with the 3.5% they mentioned. Doesnt seem to be the case for now
*
Income distribution for Versa is once a month.

The value you see in the app is the value of your current units based on today's unit price of the AHAM enhanced deposit fund
SUSxander2k8
post Dec 27 2022, 01:12 PM

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QUOTE(000022 @ Dec 27 2022, 09:02 AM)
Is it normal not to see earnings in transaction history? It just appears on the graph and as a whle under lifetime savings for Versa cash. As it is, hard to see if it tallies with the 3.5% they mentioned. Doesnt seem to be the case for now
*
Projected rate is only 2.75% 🤦‍♀️

Rebates make up the shortfall of 2.75% because of rounding calculation and it only will be paid out on middle month

Paid out + rebate is 2.75% and subject to rounding calculation +/-0.01
000022
post Dec 27 2022, 02:14 PM

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QUOTE(cybpsych @ Dec 27 2022, 10:10 AM)
Transaction History no graph la .. transaction earnings got listed mah, in Rebates & Payout
*
Nope, not for daily interest earned. Will check for rebates as other members mentioned next month then. Graph is in portfolio
gooroojee
post Dec 27 2022, 02:20 PM

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QUOTE(000022 @ Dec 27 2022, 02:14 PM)
Nope, not for daily interest earned. Will check for rebates as other members mentioned next month then. Graph is in portfolio
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Versa does not pay daily interest...
000022
post Dec 27 2022, 03:16 PM

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QUOTE(gooroojee @ Dec 27 2022, 02:20 PM)
Versa does not pay daily interest...
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so instead, it's the unit price that increases. Weird but ok
Davidtcf
post Jan 5 2023, 12:16 PM

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ongoing campaigns and promotions for referral and deposit, nice to see them updating theirs. Also kept emphasize 4% interest rate too:
https://versa.com.my/promotions/

KDI Save totally quiet.. better to switch to Versa.

This post has been edited by Davidtcf: Jan 5 2023, 12:17 PM
Davidtcf
post Jan 5 2023, 12:18 PM

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QUOTE(gooroojee @ Dec 27 2022, 02:20 PM)
Versa does not pay daily interest...
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once a month they will pay interest.. will see it end of month. Just screenshot before and after photo of your funds to see how it grow.
lim47
post Jan 5 2023, 01:16 PM

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QUOTE(Davidtcf @ Jan 5 2023, 12:16 PM)
ongoing campaigns and promotions for referral and deposit, nice to see them updating theirs. Also kept emphasize 4% interest rate too:
https://versa.com.my/promotions/

KDI Save totally quiet.. better to switch to Versa.
*
Yea can jump ship if big amount. Just that versa seems longer to in out compare to kdi.
SUSxander2k8
post Jan 5 2023, 08:24 PM

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QUOTE(Davidtcf @ Jan 5 2023, 12:16 PM)
ongoing campaigns and promotions for referral and deposit, nice to see them updating theirs. Also kept emphasize 4% interest rate too:
https://versa.com.my/promotions/

KDI Save totally quiet.. better to switch to Versa.
*
Only up to 30k only and it is a top up bonus of 1.25% on top of the projected rate and it will by end of this month 🤦‍♀️
Sahixo
post Jan 8 2023, 08:00 PM

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How versa works, i have 108 balance, dec i got 9sen,Nov got 4 sen... Return seems to be very low... Its like 1% and 0.5% pa i got
gooroojee
post Jan 8 2023, 08:44 PM

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QUOTE(Sahixo @ Jan 8 2023, 08:00 PM)
How versa works, i have 108 balance, dec i got 9sen,Nov got 4 sen... Return seems to be very low... Its like 1% and 0.5% pa i got
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Increase in unit price too.
SUSxander2k8
post Jan 8 2023, 09:16 PM

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QUOTE(Sahixo @ Jan 8 2023, 08:00 PM)
How versa works, i have 108 balance, dec i got 9sen,Nov got 4 sen... Return seems to be very low... Its like 1% and 0.5% pa i got
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Your calculation are wrong because it is calculated by units 🤦‍♀️

Price decreased but more units means more interest earned

Paid out is to cover back the projected interest shortfall while bonus is the occasion promo that is marketed by Versa
userA123
post Jan 10 2023, 05:28 PM

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I have been trying to cash in for the past 2 days but unsuccessful.
Always stuck at the fpx page and sometimes even before that.
Anyone experience the same?
SUSxander2k8
post Jan 10 2023, 06:55 PM

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QUOTE(userA123 @ Jan 10 2023, 05:28 PM)
I have been trying to cash in for the past 2 days but unsuccessful.
Always stuck at the fpx page and sometimes even before that.
Anyone experience the same?
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Update the app itself

If not try and close and try again

It happens once in a while seems like FPX gateway from Versa issue 🤦‍♀️
victorian
post Jan 10 2023, 08:11 PM

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Withdrawn 2k, received a little slightly more than 2k. Will versa credit the dividend together?
userA123
post Jan 10 2023, 09:09 PM

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QUOTE(xander2k8 @ Jan 10 2023, 06:55 PM)
Update the app itself

If not try and close and try again

It happens once in a while seems like FPX gateway from Versa issue 🤦‍♀️
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I switched to PBB then it works. The handshake between Ambank and FPX is the problem.
SUSxander2k8
post Jan 11 2023, 04:27 AM

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QUOTE(victorian @ Jan 10 2023, 08:11 PM)
Withdrawn 2k, received a little slightly more than 2k. Will versa credit the dividend together?
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Because of units sold and rounding hence higher

The dividends are reinvested as units hence there is no way to know whether is the dividend is being credited

QUOTE(userA123 @ Jan 10 2023, 09:09 PM)
I switched to PBB then it works. The handshake between Ambank and FPX is the problem.
*
It happens once in awhile otherwise you can just close and retry again a few minutes it should be fine

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