urm so this one they write only 2.46%.. and it's not confirmed?

This post has been edited by Davidtcf: Feb 21 2022, 10:38 AM

yes go for this..
also deposit RM3k to Go+ via Touch and Go app until July 2022 this year .. max 3k to earn 3.46% interest. More than that will earn 1+% for the remaining money. Deposit and withdraw very fast also.

withdrawal cut off time is 12pm:
https://versa.com.my/how-to-onboard-deposit...e%20(12%20p.m.).

just got money today morning after triggering withdrawal at 1pm on Monday. Gonna put in KDI Save instead.

This post has been edited by Davidtcf: Feb 23 2022, 09:10 AM

yea I remembered I read somewhere it's stated 2.30pm.. suddenly check again mention 12pm.

best trigger withdraw as early as possible if want to use the money.

Yea at least still better than Stashaway Simple.

KDI save is Versa competitor.. Also withdraw fast. Later after promo see what their rate is like.

the deposit and withdrawal is slightly slower than KDI Save.
I deposit on Sunday morning till now still waiting for it to reflect. Just state there deposit being processed at home page.

KDI Save still the fastest in market so far. Really like how speedy they are.
But ok la.. for that extra 0.5% interest late a bit nvm. If really need the money then trigger the withdrawal earlier a few days.

Time it takes to deposit here into Versa cash here:
https://support.versa.com.my/hc/en-us/artic...ilable-balance-

Withdrawal time:
https://support.versa.com.my/hc/en-us/artic...h-Out-in-Versa-

Withdrawal time faster it seems. Ok at least a good point here.

calculation below. It is still worth even if there's delay 2 days for deposit to take effect with interest:

Versa:
30k - 4% - 58 days interest. Breakdown:
30000 x 0.04 = 1200 a year / 365 days = 3.28767 a day. 3.28767 x 58 = 190.68

KDI Save
30k - 3.5% - 60 days interest. Breakdown:
30000 x 0.35 = 1050 a year / 365 days = 2.8767 a day. 2.8767 x 60 = 172.60 (provided KDI Save still remains 3.5% up to 31st Dec 2022).

190.68-172.60 = difference of RM18.08. Versa still wins even with that 2 days delay in depositing into it.

If KDI Save boost up their interest to match Versa's 4%.. then make sense to continue use KDI Save.

This post has been edited by Davidtcf: Nov 3 2022, 11:33 AM

official terms and conditions page on if you withdraw earlier than when interest is distributed:

https://versa.com.my/versa-cash-4-net-retur...rms-conditions/



search for the word "withdraw" in this page for more examples.

Once a month get interest. It's not daily like KDI Save.

KDI also has its own problem.. we don't know how they generate the 3.5%. Not much detail or documentation available on it.

Versa is pretty transparent on how to get the returns.

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

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

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.

I just emailed Versa via their website, they mentioned that 4% promo rate applies to first RM30k amount, if exceeds it follows the base rate as stated in the app, as below:


(Can find this at the app when click at “savings”):



so means how also better than KDI Save which offers at 3.5% for similar product. Something to ponder upon.


This post has been edited by Davidtcf: Mar 22 2023, 04:53 PM

thanks.. I edited my post liao.
Hope CVC is stable in the long run.. 🙏 need to catch up news on it since we using Versa.

https://en.wikipedia.org/wiki/CVC_Capital_Partners
https://www.cvc.com/
https://finance.yahoo.com/quote/CVC.AX/financials?p=CVC.AX


This post has been edited by Davidtcf: Mar 22 2023, 04:57 PM

Versa has new competitor with Stash away Simple. Doesn't state that it has a limit for the 4.1%

Just got this via email:

KDI save now better? Since they increased to 4%?

just read up on it.. being PIDM protected, and acts like a standard savings account (instant withdrawal/deposit) is a game changer.
Just not sure how long this promo interest will last.

thanks for sharing

This post has been edited by Davidtcf: Jun 30 2023, 12:20 PM