Hey there. I'm seeing similar issue:




12 June notification says I got 1.02 units, but
10 June transaction says .87 units acquired

What's more, I just did some calculations on my earning since it's been exactly a month I entered:
RM 1.99 gain with RM 1500 means 1.592% interest p.a.
This is worse than 1 month tenure FD!

FYI, unit nav is 1501.99 ÷ 1282.44 = RM 1.17119709 each
I earned 0.87+0.98=1.85 units, so that means I got RM 2.16671462
This translates to 1.7333717% interest p.a. slightly better, but FD has periodical promotions that offer higher.

So is Versa not that great after all?

Idk about that Wednesday adjustment... I'll hold on to your word until next weekend then.
How did you get RM 2.12? I tried 1.85 unit * 1.1713 = 2.166905, translates to 1.733524%p.a. is still nothing impressive to me..
And where did you get 2.08% p.a. fortnightly payout? This app is fancy with its growing tree and all, but the interest/unit calculations are confusing af...

Does that mean a midweek withdrawal is still eligible for a pro-rated interest? Sounds good, but my expectation for Versa is "better than FD short term investment", for me to accumulate my bullets for overseas investment... For emergency funds, I stick to FD for its best liquidity.

Checked Playstore, Versa last update was 9 June so that probably shouldn't be the issue here. I guess it's just their pricing update delay...

The website only has 2 decimal points, unfortunately not helpful to my puny amount tracking lol.

Just checking in today, my account sits at 1502.38/1282.44 units, which translates to pricing of 1.1715012, 1.904% p.a. Indeed looking a lot better... But the ever changing value is confusing and it's giving a perception that I can lose money 😵 does this mean the NAV can only stay or go up in price? Else if it can go down then I assume we should be given equivalent units in return, because my understanding of Versa is like any MMF, there is no negative return.

Thanks for pointing out about the compounding interest calculation; indeed not a fair comparison to FD then. taking my example (at a 1-month mark so far) however, I am still not getting a 2.09% like you say, can you please show me how you get it?

To keep my calculations simpler, I'm assuming the fortnightly interest to be 1.904% compounding p.a. although that was based on monthly calc. My current calculation returns 1.9215% simple p.a. Breakdown:
There are 52/2 = 26 fortnights in a year
Fortnightly rate, 1 + (0.01904/26) = 1.0007323076923076923076923076923
Annualized, 1.0007323076923076923076923076923^26 = 1.0192153146108898918543119717508

I'm considering to compare other short-term investments so I want to fully understand if I'm using the right methods to calculate.

CMIIW, the payout day should be based on your deposit date. I deposited on 14th May so I can't compare, but looking at my payout, I think it's been a consistent ~14-day cycle

Got lah, if you invite friends and family

Hmmm how should I take this news as a Versa user? Life goes on, wait and see if there'll be changes to the interest or payout structure? 🤔

Kinda skeptical about their rate .. cuz the last time I tried calculating, the effective interest macam lower than marketed. Granted, my calculation could've been wrong...
Anyone else cross checked before?

Just saying, in case anyone's thinking about transferring from KDI... Might not be as good as you think. Then again, I have not verified KDI's rate yet so both side can very well be guilty of overpromising!

Personally I'm just getting more frustrated with Versa because it has this "reverse engineer barrier", showing us the interests/bonus in #units instead of simple money value.

Anyone running both Versa and KDI in parallel with exact same money and entry, to compare till end of this year? I wanna satisfy my curiosity

I've been comparing KDI vs Versa (both cash savings only), I aligned the amounts on Apr 2023 onwards with both at 10k (IIRC Versa was a little slower in processing transactions), and then topped up 3k on 25 Jan to both.

Today, I see KDI is behind by about RM 128.... then I saw Versa had bonus of RM 60+50 few months ago, I think that was because I invested into Versa PRS end of last year. It may have skewed a little in favour of Versa... But I think that's just minute difference (cents?).

As much as I don't like how Versa pays out (messy, by units and by cash, not daily), I realised that KDI app is slow to load for me and that's also kinda bad. Personally I'll continue using both cuz the difference is not that much.

Since you're comparing against FD, I'm assuming you want a low risk instrument. Versa Invest is NOT low risk and you can lose money there. Personally I only use Versa Save and the rate hovers at 3.5-4.0%, IMO it's not bad but any higher you'll need a larger capital and/or look harder for some banks' promotional rates I guess...

Been dormant on my finances recently, now only learning there are quests... What a drag lol.

I'll admit, it's a good incentive to make undisciplined spenders to save.... But I'm just not one of them.

Compared to KDI Save, Versa Cash is winning because of these events, but the former has a very slightly higher base rate without the need to do anything fancy. Take my words with train of salt: the difference I speak is almost negligible lol...
- Start: RM 10k+ as of Jan 2024 for both
- YTD: RM 7k (same deposit date)
- Versa event bonus (RM 50+60) in Jan 2024
- difference as of now: Versa Cash +RM 108.59 including the bonus

I successfully got 1 referral, who credited RM 100 into Versa Save.
Do you have RM 1k in Versa Cash when they did their part?

Got... Their WhatsApp business account messaged me.

As a start, I don't like how Versa obfuscate the numbers behind layers of calculations. I read the TNC, this is my understanding:
- complete quests before 28 Apr
- reward is stackable with other quests (e.g. there's an ongoing one 3-4.5% booster)
- rewarding period is on 1-31 May 2025 only
- suppose you max it out....

1. Add RM 20k fresh funds into Versa Invest
2. Maintain RM 30000 Versa Cash
3. You will complete 2 quests.
4. After May, you'll get bonus of RM (30,000×8%÷12+10,000
×4.5%÷12) = RM 237.50

Good? 🤔 I don't really think so, mainly because I don't intend to use their Versa Invest, I don't know their track record... Also didn't check if there's service charge, management fee etc. so if there is then whatever earnings would be shaved off cleanly or worse, especially under such volatile market.

Have you read the TNC? Be careful with assumptions as Versa events have very specific cut-off points. I didn't read through that particular quest but if we refer to past records, AFAIK the reward period starts at the end of quest period. So dumping in your money early would only mean that you get their base rates early on.

I get my auto debit acknowledgement emails around 7-8.30am on the 6th of every month, or later (apparently 6th that fall on Sunday-Monday result in Tuesday acknowledgement). Only started this year so only had 5 data points to tell you this.

Idk how to calculate but would love to try if you can teach me how you extracted your numbers and which transaction date(s) is appropriate to cut off at.. 😵

I'm surprised it's over 4%, as I always had this impression it performs worse than KDI especially when you don't do the quests...

I read TNC of the 4.2% promo, mainly the scenarios they provided... Did not see keyword about finance charges do you happen to have any screenshot/snippet/link to that clause?

Well that's the problem with Versa -- their calculations have too many layers and their FAQ are dumbed down for the financial illiterate. I haven't taken the time to scrutinise my historical numbers to find out exactly how they work.

If you look at the statement/transaction history, you'll see the bonus/interest are credited to you biweekly monthly. I can't remember well but perhaps they did mention the interest is calculated daily, so you can withdraw anytime and won't lose 2 weeks of accrued interest.

I just checked my own, apparently it's credited monthly now... But quest rewards are mid week. History from 2 years ago showed biweekly reinvestment/bonus.