New to versa, currently what is the return rate and promo rate? Planning to open account to park my money.
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 Jun 5 2025, 07:24 AM
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Junior Member
39 posts Joined: Apr 2010 
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Jun 6 2025, 08:41 AM
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#2
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39 posts Joined: Apr 2010
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QUOTE(simplefella3 @ Jun 5 2025, 11:20 AM) for low risk right now 3.89% pa, better than other digital banks. Interesting, finding place to park my money.few promos happening now too. check out their website   the 3.89% yet deduct out the 0.3% management fee? Final rate = 3.59%? |
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Jun 8 2025, 05:47 PM
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#3
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39 posts Joined: Apr 2010
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QUOTE(1mr3tard3d @ Jun 6 2025, 09:34 AM) no, that is the net return u would have received in MAY 2024 only could be higher or lower NAV 31/5 RM 1.2351 + distribution RM 0.0025 = RM 1.2376 NAV 30/4 RM 1.2336 (1.2376/1.2336-1) = 0.3243% (1+0.003243/31)^365-1 ~ 3.89% April 2025 was ~ 3.59% QUOTE(simplefella3 @ Jun 6 2025, 11:32 AM) checked this with their customer service before, 3.89% is nett nett after management fee already Thanks for explanation.And on top of this rate, if I do the quest will get extra rate. Not bad for temporary parking my money. Better than nothing. Just topup money to activate account on Friday 6thJune. But it show complete by 13th June. So slow processing. |
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