i withdraw KDI and Stashaway simple. SS took extra 2 days to enter bank account

u can forget on stashaway simple and just use versa or kdi

Finally got.my rm10

really takes 30 working days to credit?

Yes

Btw I gonna withdraw all the money as I masuk rm100 now become 110.28 haha

This post has been edited by virtualgay: Aug 12 2023, 09:50 AM

eh keep it in la. 4.3% aint bad at all

I still prefer rize cause is like more liquid
Saturday and Sunday need use money also can come out the money
This versa is UT so need time to withdraw

but rize only up to 5k

Rize 5k gets 5%.

Above 5k to no limit gets 4%.

For those who leaves exactly RM30,000 in their Versa save account, how much did you get for 1-31 July and how much did you get as additional cash rebate to hit the 4.3%?

I only saw like RM60+ in returns and then cash rebate was only about RM18.

4.3% is supposed to be RM1,290 a year or RM107.50 a month. These returns fall short.

Since everyone gets the same return, wanted to check what everyone else is seeing?

I don't understand your math and I don't have 30k
Maybe you give some screenshots of your return let us see see look look

First day of the month I withdraw anything above RM30k, so nett in account is RM30k. Then first day of next month, I repeat.

The amount above RM30k is the actual return for the past 1 month.

Versa will pay an additional cash rebate to top up your returns to meet 4.3% return.

4.3% return for RM30k is about RM107.50 a month, so by right, 1st day of month withdrawal amount + cash rebate amount = RM107.50. If it is less, then we are not getting 4.3%.

did you take account 4.3% only begin 10 July onwards?

base on the number you shared with me, this is the calculation which means they only pay you 3.06%
For the month of July, the return % is 3.51% which is way higher than the number you stated which i believe your number might be wrong

Hmm, thanks for checking and yes that's why I felt the return was lower than expected. But upon checking, I realised I only withdrew on 10th July instead of 1st July, which kind of explained the 30% difference. Cybpsych also pointed out the 4.3% only came later which explained the other difference.

10 July (not 1st July) - I have RM30,000 in my Versa Save after cash out >RM30k (meaning I also cashed out returns from 1-10 July)
12 July - Rebate of RM11.34 (from June)
27 July - Reinvestment of 33.78 units / RM40.29
1 August - I have RM30,000 in my Versa Save after cash out RM76.84
10 August - Rebate of RM17.90 (from July)
12 August - I have RM30,055.63

I lazy count for you but want count can get the exact number
Just have to choose to believe Versa give u 4.3% that's all you can pray and hope

Ya no need thanks. The maths is about right already. Enjoy your weekend.

I thought we cannot use the FD calculation on Versa investment because it’s 2 different investment instruments (UT vs FD)

Can during promo period where they guarantee 4.3% p.a. for up to RM30k