I find SA simple return is lower than Versa, so withdrew some out from SA Simple.

I read tru above posts and gather that best days to withdraw from Versa is Wed/Thurs, get money by Friday evening

Any best days to deposits to Versa? Deposits on Sat can earn weekend interest?

I withdrew money from SA simple Mon 4.10.1 and noted today money in my MBB dated 8.10.21. I quickly deposited it to Versa 9.10.21 9.30am, just wonder is there any difference or not compared to another who deposit on coming Monday 11.10.21, Amount RM50k.

TQ

PS:Versa now give rebates to get us 2.46% return ? so good, but where is this money coming from? From Versa's own earning? from fees charged to us?

stated there profit upto 2.46%pa, is that good or not?i am new, actual return i also dont know,
but i think is better than Stashaway lah

Anyway i am here to ask if anyone ever see their invested amount value dropped significantly few days later.
I expect it to show a steady upwards graph, not dropping and up back slowly.

I asked Versa about it why i saw my invested amount as RM585 481.56 on 25.12.2021,
and i checked it early 29.12.2021 and saw it has dropped to RM585 131.93 ,
(funny now it has gone up a bit)

i dont check every day, just simply login and was abit annoyed showing me that drop in value.
and they are not explaining it to my satisfaction.

see their reply, versa just simply showed me that table without amount on 25.12.21 that i queried.

i wonder if Versa people knows or not what is shown on our Versa Apps.

This post has been edited by guy3288: Dec 29 2021, 11:30 PM


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no overnight interest = No bonus?? betul kah?
I dont think so.

I check my Versa, can see overnight interest is separate entity from BONUS
Versa RM called me, seems like only overnight interest will stop


1.95% also better than nothing lah

just parking short term only, waiting to attack SSPNi in Mac 22

high yield i heard is SCB, but seems quite cumbersome ,tied to regular topup use its credit cards etc

i use it for liquidity parking, still better return than my other parking vehicle eUT PMMF....but PMMF same day can get money

Yes very different lah

Overnight interest chicken feed only,
Bonus is different
but i understand it is given only if Versa unable to get the projected return for the month,
sort of top up to pacify us.


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But overnight interest amount is too miniscule as you can see from examples above.
So how much it can drag the ROI down??


Overnight interest cut hardly has any effect as the amount is very small compared to dividend and bonus.
I read somewhere Frank return 1.8% only, so is no better right?

Something wrong you...........very misleading.

overnight interest seems No 1 in your brain,
Number 1 contributor to your ROI at 0.2% ?
How lah ?

See transaction record as proof

tell us how much you managed to milk from overnight interest
Mine only Rm1 - 2 each time i deposit? and paid only once that's it!
Just how much can you collect from that chicken feed ?

Bonus amount at RM50- RM120 , easily 50x more than overnight interest.
paid every month! This is less important than overnight interest?

Payout amount is even bigger at RM200- RM400, easily 100-200x your overnight interest, paid twice a month somemore!
yet you said it is the worst component?

Apa macam lah thinking upside down.............
going for the shillings and dowan the dollars?

This post has been edited by guy3288: Jan 11 2022, 11:07 PM


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tak bole tahan oredi

yes
that kaki putarbelit facepalm too much

answered by lowyat master there, nothing in here can escape him.

all at your finger tips
transfer there can earn RM5k+ in just 2 months or shorter .

yes

you withdraw today or wait another 14 days later , is same ,
no additional interest for keeping there another 14 days.

so this is the reason temporary suspended.........

Dear ,

Wed, May 4 at 5:48 PM

All transactions including Deposits and Withdrawals will be disabled from 7-8 May 2022. After updating the app on 9 May (Monday), you will be able to perform all transactions as usual.



​​1. Why is this happening?

As we are always striving to improve our products and services, we are using this time to upgrade our system. This includes introducing new and improved features on the app, as well as enhancing its security.


2. How will this affect my Versa account?

All transactions - Deposits and Withdrawals will be disabled during this period. (7-8 May 2022)

As such, kindly arrange to make any deposit or withdrawal by 6 May 2022 (Friday) before our cut-off time (2:30pm) to prevent any delays. Rest assured, your daily returns and bonuses will not be affected during this period.


3. What do I need to do?

Moving forward, you would need to update the app to the latest version to access your account. In order to update the app, your phone operating system would need to be at least:

Android devices - Android 9.0
Apple devices - IOS 10

This is important to ensure our application meets stringent security requirements.

We apologise for any inconvenience caused, please email us at support@versa.com.my if you have any questions or concerns.


Yours Truly,

Team Versa

received email from Versa

midyear promotion invest RM100 get RM20? until 30.6.2022


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i see probably finished already quota

How did you get RM20?

should be extra RM60 per year,
RM5 per month,

dont forget, when deposit , you lose 2days (in KDI 2 days= RM4.93).
Withdraw again lose 1 day.
So end up may get nothing extra if many in out in out

follow KDi lah, deposit morning same day paid interest, withdraw morning same day get money
another Q is calculation how? KDI can easily checked (shown daily)


yeah will open another account, get member rewards on now


lol i was going for that 3.75% but so fast habis..
dapat 8k only

KDI tested and proven lah. daily interest you can easily check =X x3%/365 that is exactly what you get daily

RM23.75 a month still not significant?
2.25 and 3.2% big difference lo.

This Versa is too slow,
Compared to if you put in KDI Save 28.10.22 morning, here you lost 4days of interest=RM11.47 based of RM30k@ 3.5%

That is assuming Versa starts interest from today for your money reflected.

Versa 4% is extra 0.5% over KDI
Extra you get from Versa is RM12.33 in 30 days

This not consider when we withdraw from Versa another few days delay unlike KDi same day get money

So transferring money from KDI to Versa is it worthwhile?

people who WD money from KDI to place in Versa hoping to gain from the extra 0.5%, it may not be worthwhile if you consider the days of lost interest if you stay put.

yes if wanna deposit Friday morning go KDI same day interest starts, earn Sat n Sun also.

Go Versa rugi 4 days at least! Interest starts only on Tuesday ?or Wed?

Even extra above RM50k from KDI ,withdraw from KDi put in Versa may not be worth it
because WD KDI lose 1 day, place in versa lose 2 days..... better stay put in kDI,
especially if need to WD money eg once a month



Versa interest calculation quite difficult to check, it pays in units bonus in RM etc..

but i believe 4% is NETT all in. if not sure Versa would boast they are paying more than 4% for you.

No !
Not auto entitled, is FCFS till the campaign allocation used up!
You come late you dont get
Too many customers allocation finished in November,
Dec Jan u get only 2.5% base rate

how to monitor when payment is end of month/ sudah kena baru boleh tahu..

bro you wont be able to know in advance now
You can only know it AFTER you placed money in for 1 month,
if return you calculated is 4% , then quota was there, is quota still available coming month, nobody knows.
if returns calculated you only got 2.5% then you baru tahu quota habis.

Terms and conditions said FCFS
means siapa cepat dia dapat