30th June 2023

We hereby givenoticethat the Terms & Conditions for Rize Deposit Campaign 2023 will be extended to the 31 December 2023, and will be replaced by theseamended terms and conditionswith effect from 20 July 2023.

Versa 4.3% p.a. Net Return Rate
KDI 4.0% Effective Annual Rate (EAR)

Which one has the higher rate?

This post has been edited by songokujames: Jul 10 2023, 11:11 AM

Net return rate is not same as EAR, their calculation are not same that why I have doubt about this.

1.
Can I save with Versa Cash and Versa Cash-i at the same time, and earn the promotional net return rate of 4.3% p.a. for both funds respectively?

Yes, all users can save with Versa Cash and Versa Cash-i at the same time to enjoy the promotional net return rate of 4.3% p.a. on the first RM30,000 in each fund respectively. Subsequent amounts above RM30,000 will be entitled for base net return rate.

2.
You earn the base net return from Versa Cash/Cash-i on a daily basis, and the rebates from this campaign will be credited to your account the following month.

Example: Your rebates from promotional net return for the month of July will be credited in your Versa Cash/Versa Cash-i account in August.

Mean you get base net return from Versa Cash/Cash-i on a daily basis, if the base net return is not up to 4.3%, you will get the rebate next month to tally to 4.3% promo rate. Base net return is vary every month.



This post has been edited by songokujames: Sep 14 2023, 01:53 PM

1 month