All info is in money market fund thread.

I have been using since they launched. Money always comes back to me. Affin Hwang will drop you a receipt every time you buy or sell. So it is safe.

This post has been edited by Ramjade: Apr 12 2021, 09:34 PM

Make sure account verified before and opened before depositing money. Or else it's going to taken longer.

FD cannot withdraw anytime you like. You withdraw prior maturity, no interest.
Versa can withdraw anytime you like and still get interest. Big difference.

No difference. The transaction uou do on Friday night it's counted as Monday morning transaction.

Yes. The fund only invest in FDs and not bonds.

This post has been edited by Ramjade: Jun 24 2021, 06:19 PM

My guess is balance.
https://ringgitplus.com/en/wealth-managemen...et%20Management

No need think about how balance calculated. Just know that can earned interest on any money inside there and can withdraw anytime you like without penalty. Sometimes no need to think so much.

This post has been edited by Ramjade: Jun 30 2021, 11:47 AM

They already have. SMS OTP.

Don't bother. Distribution of unit trust are just marketing and won't do anything.

Just use versa as parking place until you need the money to pay your credit card bills, insurance, utilities, housing loan, making purchase, making investment, any cukai. It's not an investment but parking place.

I use it as parking place until my next credit card bill. Basically around 30-40 days interest free money by using credit card. Also a parking place for me until I collect enough money to transfer over to sg bank for investment. I treat it as high interest savings account.

No. You cannot think like that. Cause not all mmf invest in FDs. Some MMF invest in short term bond to boost interest. And by investing in short term bonds there is real chance of losing money but very rare.

This post has been edited by Ramjade: Aug 19 2021, 10:18 AM

If your phone very old, you need to update your phone.
If your phone is rooted, you have to unroot your phone (Android)
Not sure if it works in jail broken phone.

Alternative you can use android emulator on pc.

This post has been edited by Ramjade: Aug 23 2021, 03:42 AM

How's versa latest rate? Thinking of migrating to OCBC frank.

Cause I don't spend with OCBC card at all. Last time when it was 4.5%, yes worth to spend using the card. Now not so much as interest rate so low.

Like that better use frank rather than versa. Better liquidity.

If you want instant liquidity frank.
If you can wait one day versa.
If you want the best rate, kenanga digital invest at 3%p.a until end of the year.

This post has been edited by Ramjade: Feb 22 2022, 02:27 PM

KDI Save 3% is until end of this year. After that who knows maybe it's 2.5% like others.

Now already coming August. 4 more months. Time flies. So just get ready to move if needed.

Ahm my mistake. I take 12-8 = 4 months. Didn't count in August in itself. My bad. Lack of sleep. Lol.

guy3288 rm30k 3.2%p.a parking spot for you. Lol.

Don't worry. I am unloading I think next week.

They invest into affin hwang enhanced deposit fund which invest in FDs.