Means with existing fund also not confirmed able to get the 4% promo?
I purposely cash in before Nov...

How long does it takes to open and verify Versa account before we can invest into Versa Cash?

Or once we created the account then we can start investing while waiting for the verification?

anyone get 4% in past month?

there is a payout on 24 nov in units...
and i get a rebate on 14 nov 22
but i dunno how to count the percentage

🤔Susah Kira I lost track.. wait later see

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

i got a cash reward notification today, noticed it's dated 9/1 in the transaction history. Not sure if we need to wait until 31st Jan to see if the 4% adjustment comes in later. I guess we should all go ask Versa.

Want to check if everyone get the same rebate based on their balances compared to last month's?

I think the situation above already happened, bummer tho still got 20 days left

If so time to move back to good ol KDI

perhaps you financial gurus can calculate your ROI for December based on:

- Your opening balance on Dec 1st
- Your closing balance on Dec 31st
- Your cash reward/rebate for Dec which was paid out today (the bonus)

I had a chat with Versa and they gave me this:

- 1 Dec = RM30,086.49
- 31 Dec = RM30,191.89
- 9 Jan = RM14.01

Total returns for Dec = RM119.41

to be honest i can't make heads or tails from the sheet.. haha...

but if there are additional deposits or withdrawals over time, i just line them up and then use the XIRR function in Excel to get the %...

Ok, so i had another look at your sheet, and it seems you are dating your deposits on the day you deposited to Versa, and not the date Versa converted them to AHAM fund units, which per your spreadsheet is 2 days later.

So, if I adjusted the dates on your deposits to when it's actually 'interest bearing', it looks about right.

i think you need to minus one day off all your manual formulas as your ending balance is as of 31-dec... i.e. 31-dec minus 30-dec doesn't equal 2 days of 'interest'.

Update from Versa: Versa Cash provided a 3.45% p.a. return for Dec'22, far above it's target of 2.75%.

This rate was applicable for all funds that didn't qualify for the promotional 4% rate, e.g. funds above the RM30k cap.

Actually ended up 0.01% better than KDI even without promotional bonus.

since the daily lifetime gain is still approximately 3.1% p.a.

Nope. It's 3.45%, then plus 0.55% for the first 30k.

1. If I deposit cash into Versa, assume it automatically goes into Versa Cash. Based on my earlier deposited RM 100, it seems to go into Versa Cash.

2. If I keep the money in Versa Cash up to 1 year, I can enjoy 4% rate (even I will deposit more cash or withdraw)?

3. Can I lose money in Versa Cash if it under performs?

4. If I want to enjoy higher percentage, I will just invest in Versa Moderate or Versa REITs to enjoy higher %?

5. So if my deposit is RM 1,000 and Versa moderate or REITs is low performing, can I lose all my RM 1,000?

6. Similar to above, can I lose all and even owe Versa money?

Anyone ever calculated and verified that they give what they promised?

Ok la. 0.1 can give them.

I think I will just leave my money there for 1 month and then calculate

How you factor in rebates and paid out since you got shortfall? Of 0.16%

versa fight very fierce now.

even better thn go+.

Both MMF No problem

actually what is the point of invest in Versa Cash-i? It is offering the same promotion rate as Versa Cash.

Some ppl said KDI Save return is better than Versa Cash and Cash-i even though KDI save rate is just 3.5%, is this true?

oh, so I can put 30k each into Versa and Versa-i respectively to earn the promotional rate of 4% ...nice !!!

Just cash in my first transaction.  I can see cash coming in but still not in.  Unlike Rize where you get the money almost immediately.

I think is hard to describe so I put 1k at least qualify for the 4.3% then I see how it works...