If deposit today the interest count today or tomorrow?
Any cut off time?

--answer--
Versa Cash-i:

If we receive your cash in before 10.00 AM on a Business Day, we will process it the same day (Mon - Fri), and within T+2 business days, your money will be in your Versa account. However, if your request is made after 10.00 AM, it will be processed on the following Business Day.


Versa Cash and Invest:

If we receive your cash in before 3.00 PM on a Business Day, we will process it the same day (Mon - Fri), and within T+2 business days, your money will be in your Versa account. However, if your request is made after 3.00 PM, it will be processed on the following Business Day.

This post has been edited by virtualgay: Jul 18 2023, 05:38 PM

i tak sure le.. i sign up for RM10 saja

i think in and out takes about 4 days
so if you plan to put like 30k into Versa when you calculate your interest make sure to deduct the 4 days, if kena saturday and sunday or public holiday lagi long
so we just take 4 days saja la..

here is the rough calculation for 30 days of interest for 30k vs 26 Days (assuming you taking money out on monthly basis)

RM30000 x 4.3% / 365 x 30 days = RM106.02
RM30000 x 4.3% / 365 x 26 days = RM91.89

If we put money in Rize RM30000 x 4% / 365 x 30 days = RM98.63

So if you are someone that move the 30k out on a monthly basisy you will only get RM91.89, if you want your money to go in and come out easily like bank then Rize lo...
for me i wont move the money in and out on a monthly basis and i plan to leave it till the promotion (4.3%) is over and treat it like a eFD

i totally dont understand this Versa
i am waiting for my RM10 to come into my account then i will take all the money out - too complicated

i try with 1k so see 1 month how it looks like
so far i still waiting for the RM10 to come in...
it say i need 30 days only can get my RM10 referral reward so i going to wait

will keep you posted once i get my RM10
also once get RM10 will try withdraw it see how fast the money come out

I think is hard to describe so I put 1k at least qualify for the 4.3% then I see how it works...

another question 4.3% is daily interet or monthly interest?

Never had it before so waiting for it to happen

with Bank Islam 4.5% FD going away i guess Versa become a good option but it is good till 60k

now i am so confused!
this unker cannot process this NAV price drops
i am more like i put RM1000, after 1 month with 4.3% it should be RM1003.58
my brain hurts

versa complicated but got 4.3% ma
KDI dont have 4.3% le so boh steady lo

Kdi 1st 50k is 4% then after than keep dropping if not wrong

Yes I have 5k in rize for 5%

EPF limit 100k saja bro
100k this year
100k January

100k lo.. how to become 200k la...
i dont get it
and if u really can put 200k your other 100k will not get interest or will get refunded

from EPF Website - https://www.kwsp.gov.my/member/contribution...lf-contribution
Is it allowed for me to contribute more than the maximum amount?
No, you can't do it. Self Contributions in excess of the maximum amount (RM100,000) will be refunded to the member.

ini mesti T1 of malaysia!!
I am M40 saja

sure this ppl have back up cash somewhere ma

Not like FD
Complicated a bit
I waiting for my RM20 to bank in then j will say bye bye to my 1k inside

Finally got.my rm10