4.8
How much does university cost?
| Local Public University | Local Private University | Overseas University |
|---|---|---|
| RM8,000 to RM15,000 per year | RM15,000 to RM50,000 per year | Upwards of RM400,000 |
*The figures above are just an estimation for educational purposes of this article only.
Tertiary education is really expensive, and that does not include the cost of living expenses and allowances yet. 😨
Starting an education fund as early as possible is the best way to afford it. Time is your biggest ally. If you don’t start planning early, it could put a big hole in your finances.
Tips to start an education fund:
Set clear goals: Identify how much you’ll need to save, and a target date for when you’ll need it.
Start early: The earlier you start saving, the more time your money has to grow. You can start today!
Create a budget: Allocate a monthly amount for your child’s education fund. Cut back on expenses and redirect those savings to the fund.
Explore savings funds like Versa Cash and Versa Cash-i, that give you higher returns and the flexibility to withdraw anytime. When you save with Versa Cash and Versa Cash-i, you’ll also be able to let your returns compound, helping you save more without lifting a finger.
Enjoy 10%* p.a. net returns when you save in Versa Cash and Versa Cash-i today
Start your child’s education fund today with 10%* p.a. net returns 🎉
Here’s how:
Download Versa app and register with code ENFAGROW
Complete e-KYC and cash in minimum. RM10 into Versa Cash. or Versa Cash-i
This offer only applies to your first RM1000 balance.
This offer is applicable for 90 days, starting from the days of your first Cash In, during the campaign period.
Offer is only open to New Versa Users, without an existing Versa account or a closed Versa account.
Campaign ends on 23 November 2023
*Net returns is the return after fees. Terms and conditions apply, read about it here
What is Versa Cash and Versa Cash-i?
Where do you keep your savings? Under a mattress? In a bank account with 0.2% p.a. interest? Or all locked up in Fixed Deposits?
Versa Cash and Versa Cash-i offers returns on par with Fixed Deposits with the flexibility to Cash Out anytime.
Both funds invest in low-risk money market funds that are managed by our partner AHAM Capital (formerly known as Affin Hwang Asset Management) which is Malaysia’s top 3 independent asset management firm. You can:
Start saving with just RM10
Cash Out anytime, no penalties
Regulated by Securities Commision Malaysia
Enjoy low and transparent fees
Here are the differences between Versa Cash and Versa Cash-i:
| Versa Cash | Versa Cash-i | |
| Shariah Compliant | No | Yes |
| Cash out Time | Next business day if submitted before 3pm | Same business day if submitted before 10am |
| Underlying fund | Affin Hwang Enhanced Deposit Fund | Affin Hwang Aiiman Enhanced i-Profit Fund |
| Fees | 0.35% p.a. | 0.32% p.a. |
| Net Returns (After fees) *As at July 2023 | 3.51% p.a. | 2.93% p.a. |
FAQs
How does the campaign work?
It’s simple! Follow the steps below:
This promotion is only open to New Versa users without an existing or closed Versa account.
You must download the Versa app and complete registration with promo code ENFAGROW
Cash In a minimum of RM10 into Versa Cash or Versa Cash-i.
This promotion only applies to the first RM1,000 balance in your Versa Cash or Versa Cash-i account for your first 90 days on Versa, starting from the date of your first successful Cash In made within the Campaign Period
If my deposits in Versa Cash exceed RM1,000, will I continue to earn the 10% p.a. Net Return Rate?
The Promotional Net Return Rate of 10% p.a. only applies to the first RM1,000 in your Versa Cash or Versa Cash-i account.
Subsequent amounts above RM1,000 will be entitled for the 4.3% p.a. net returns promotion subject to the terms & conditions of the Campaign, and subsequently base net return rate of the Versa Cash or Versa Cash-i fund.
When will I receive my earnings from the campaign?
Your returns from this campaign will be credited to your Versa Cash or Versa Cash-i account the following month, on a monthly basis.
Example: Your payout from the Promotional Net Return Rate for the month of August, will only be credited into your Versa Cash or Versa Cash-i account in September.
How much will I earn when the 10% p.a. Net Return Rate Promotion ends?
Once the Promotion ends, you will be entitled to the 4.3% p.a. net returns promotion (subject to the terms & conditions of the 4.3% p.a. net returns Campaign) and subsequently base net return rate of the Versa Cash or Versa Cash-i fund.
Can I deposit RM1000 into Versa Cash and Versa Cash-i, and earn 10% p.a. Net returns on both funds?
No. The promotion only applies to Versa Cash OR Versa Cash-i.
View the full campaign terms and conditions here