two different POV.

Just don’t bother as he is spewing nonsense anyway so called millionaire 🤦‍♀️

Versa the 2nd money is processed it will start buying the fund hence daily gain of 0.0001 with the exception of accumulation over the weekend

you must be blind if cannot see the figures presented

and dumb as well with daily gain of 0.0001 ......

omg you are back

and this acccount is dated back to 2003? wow..you must be well prepared

if kdi already max first 50k at 3.5%, is it worth to switch remaining 30k from kdi to versa for 4%?
since the next 50001 is 3% in kdi

This post has been edited by download88: Nov 2 2022, 02:15 PM

err how much you have la coz read in Versa website..the 1st RM 30K is 4% and the remaining is at 2.5%..
this is their calculation

Versa Cash base net return rate + promotion net return rate = Campaign Reward
2.5% p.a. + 1.5% p.a. = 4.0% p.a.

you should max Versa 30k first, then the rest only put in KDI Save..

4% in Versa interest paid once a month, 3.5% in KDI Save paid daily.

from previous discussion. should pay attention to a couple of issues to avoid/minimise losing interest in transit:

1.) first time opening Versa account or verified Versa user?
it takes several days to process on first registration
so might as well opening the account with RM 100 first
subsequent cash in should take shorter time

2.) transfer before the cut-off time for processing
avoid non-business day, etc

the difference of 1.04% on RM 30,000 from 1 November 2022 to 31 January 2023 ~ RM 78.64

This post has been edited by 1mr3tard3d: Nov 2 2022, 04:51 PM

that dupe again? sounded familiar ...."brain damage despite stopped facepalming" kaki

i have made some calculation earlier for people contemplating moving out to Versa...
but one pretend clever gooroo thought i was chasing after extra RM5 for myself!

i would say even above RM50k in KDi, not worth moving out to Versa if you need to move money
in and out like i did in KDI becos Versa is SLOW both ways

WD KDI lose 1 day, deposit Versa lose 2days. I can do that few times a month in KDi, no problem.
but if Versa susah, slow.


He already have more than RM50k in KDI...that is why he asked.

calculation below. It is still worth even if there's delay 2 days for deposit to take effect with interest:

Versa:
30k - 4% - 58 days interest. Breakdown:
30000 x 0.04 = 1200 a year / 365 days = 3.28767 a day. 3.28767 x 58 = 190.68

KDI Save
30k - 3.5% - 60 days interest. Breakdown:
30000 x 0.35 = 1050 a year / 365 days = 2.8767 a day. 2.8767 x 60 = 172.60 (provided KDI Save still remains 3.5% up to 31st Dec 2022).

190.68-172.60 = difference of RM18.08. Versa still wins even with that 2 days delay in depositing into it.

If KDI Save boost up their interest to match Versa's 4%.. then make sense to continue use KDI Save.

This post has been edited by Davidtcf: Nov 3 2022, 11:33 AM

If transfer out from KDI to Versa ,lost interest is 3days, not 2
still can earn extra Rm14.80 yes
Next you did not take into account
1.Delay in getting money when withdraw
2.must stay put no withdrawal till end, unlike KDI in out in out
number of lost interest days much lesser compared to versa

Sikit extra ada, question is worth transfer out or not?
To earn that extra you need wait till complete 60days,
To lose that amount it happens instantly the moment you transfer out from KDI to Versa

Further how Versa calculate we dont know, unlike KDI i know exactly how much interest would be..end of day if versa pay lesser than your calculation they can excuse payout in units cant guarantee the unit price must maintain, no way we can argue

This post has been edited by guy3288: Nov 3 2022, 12:27 PM

Yes that's what I worried. Move too much end up earn less interest, also scare the bank freeze my SA.

I still considering to open Versa, mainly due to their cash in / out time.
if now I open a new account.. dump rm100 to wait for new user verification, I think maybe more than 7 working days the remaining 30k just start to earn interest.

see later 3pm what's the rate just decide, or extra fund from KDi will go for BIMB
if Versa 3 months promo can raise to 5%++ then another story liao

no lar, if you withdraw halfway it's still counted.. will get interest depending on how many days your money was with Versa. Just that interest receive is at end of month and not daily.

anyhow I had logged a ticket to Versa. Will share their official response once received.

This post has been edited by Davidtcf: Nov 3 2022, 01:55 PM

Found the answer on the "terms and conditions" page, with examples also:
https://versa.com.my/versa-cash-4-net-retur...rms-conditions/



search for the word "withdraw" in this page for more examples.

say money in KDI, you Wd this morning before 11am, tonite you get money deposit to Versa
and 2 business days later start earns interest in Versa, today lost 1 day interest due to Wd from KDI
tomorrow and day after lost 2 days due to waiting for Versa to buy units -total lost 3 days right?

Now read the T&C you shared here:
The Campaign Reward will be paid to the User(s) on a first-come, first-serve basis. In the event the total Campaign Reward has been fully utilised, User(s) will continue to earn Versa’s base net return rate of 2.5% p.a.

Meaning base is 2.5% everyone sure can get

But extra 1.5% add up =4% , is not for everyone......upto the campaign allocation used up ,next customer may not get

teruk lah like this,,,,,,if the campaign attracted too many customers and the allocation extra 1.5% used up, whoever go in later wont get it, apa dapat? only 2.5%

Did you include this when you submitted query?

i noticed that as well; and what if the campaign allocation is only 10k

if really 2.5% then many will boycott Versa later...

will update next month onwards until January 2023, see if really 4% or 2.5%

I'm sure others using Versa will post about it too at the thread once interest received.

This post has been edited by Davidtcf: Nov 3 2022, 03:07 PM

I think this FCFS till allocation used up many dont know,
Everyone thinks oh Versa so good offering 4%
Small print there not aware


So kedekut meh Versa take out only RM10k to fish customers?
If like that i deposited so early also can miss the cut man...
Because that only can pay for 1st 266.7 customers and finished on 1st month itself..

Imagine there were 300 existing customers with min rm30000 before 1.11.22, apa kita dapat? Semua dapat 2.5% as versa must pay existing customers who were there on 1.11.22 12.00am

If versa budget low you may get for November, Dec Jan may be allocation used up, by the time we know is too late, clever pay u only end of month, ha ha, no fight la compared to KDI

ok thx for the assurance...just injected new fund in this morning

waiting KDi Save to +0.25% to their promotional 3.5% ... or straight 4% year end gift for everyone
is it possible or just a dream