First 1000 only. Got quota.

4.3% for how long?

How to see the credited interest from app? Mine doesn't show anything. Only show my deposit

The return is crap. Just forget about the return and calculate the tax savings you going to get based on your tax bracket and see if it’s worth it.

Anyone know why rebate so low for December? I didn’t withdraw a cent.

I have a totally different experience. I love Versa's beautiful and user-friendly interface so I'm sticking with it. I receive 4% interest even though sometimes the interest adjustment might be a bit slow via rebates. But effective rate is indeed 4%. CS is very responsive when I emailed them about the calculation formula for interest.

I tried to apply KDI but it took them 2 weeks to approve my application. Gave up and never bother to try after looking at the ugly interface.

Versa is actually 60k. 30k x 2. Versa Cash and Versa Cash-i

Yes, they ask me about it when I topup my versa cash last month (temporary park my annual bonus). After I provided to them the money is reflected the next day. Maybe after hitting certain amount they will ask?

Make a will before u die? Or just inform them now la! Share your password etc

You sure Versa give 4% p.a from 2021 until now ar? Get your facts right first la!

https://versa.com.my/how-should-you-use-fixed-deposits/

From this article in 2021 it seems like interest is only 2.4% when it started

It's still there under "fund information" in app if you have invested.

I’m still getting 4% for March

Don’t mislead. It’s not removed. Just clarified with Versa

Edited

This post has been edited by Barricade: Apr 9 2024, 08:39 PM

Yeah it’s quite risky. If fund price drop, then we will be making loss. And Versa invest funds need to pay 1.54% management and trustee fees. 4% risk free or 4.77% + extra risk + 1.54% pa management/trustee fees. 🤔

They keep advertise their last year's return which is high because US stock is up a lot in 2023. But 2024 is not so good. I think it's a trap. We have to look at Versa's perspective, their goal is to earn the management fees from us. Once we are invested and if the funds are down, we have to ride it out and Versa will keep earning the fees regardless of fund performance.

I will skip it and stick to 4% Versa Cash/Cash-i

If that's true then they are forcing us to invest in their Invest funds or else we will just get base rate which is very unattractive.

First of all 4.77% is not guaranteed. Base net return for every month is different. What if their base net return drop until 3.3% like we see before? Then we only get 4.3%.

That RM30k if put into GXbank will earn a fixed RM600 for 8 months risk free. At the end of the day it depends on your risk appetite.

What do you guys think? Maybe temporary move to Rize for 3.8% first?

Oh yeah KDI still giving 4% for first 50k right?

This post has been edited by Barricade: Apr 9 2024, 10:42 PM

Not going to do that. The fact that they exclude gold means they are focusing on earning management fees only.

But I will follow your content and see how it turns out