Touchdown – our Money Booster Campaign is here! 🔥
We’re excited to announce our latest campaign designed to supercharge your savings – the Money Booster Campaign! 🚀💵
Starting May 2024*, you’ll be able to enjoy ✨ +1%* p.a. returns ✨ in Versa Cash or Versa Cash-i respectively on top of our monthly base nett return rate! 🤩
*Subject to successful auto debit set up by 27 May 2024, 3pm. Campaign runs until 31 Dec 2024. Users who successfully set up auto debit after the monthly cut-off time can still be eligible for the +1% p.a. booster reward. T&Cs apply.
How? Just set up an auto debit plan into any Versa Invest funds (except for Versa Gold)!
💸 Auto debit plan of min. RM200 per month: +1% p.a. for your first RM10,000 available balance in Versa Cash or Versa Cash-i or
💸 Auto debit plan of min. RM500 per month: +1% p.a. for your first RM30,000 available balance in Versa Cash or Versa Cash-i.
By activating auto debit, we’ll also help to:
📉 Reduce the emotional weight of financial challenges (financial anxiety, who?)
🔁 Automate your monthly savings and investments
😌 Free up your time and mind space
🎯 Work better towards achieving your long-term financial goals
You’ll also still be able to enjoy:
✓ No lock-ins
✓ No sales fees
✓ Easily switch between funds
Using Versa Cash’s March 2024’s base nett return rate as an example, your returns could look like 3.77% p.a. + 1% p.a. = 4.77% p.a. 🎉
No action is required from your end and the changes to these rates will be automatically applied.
What are you waiting for? Our Money Booster Campaign is ready to ensure that your savings continue to work harder for you! 💪
Should you have any questions, please do not hesitate to reach out to us here! 💬
Frequently Asked Questions (FAQs)
- Am I required to cash in RM30,000 of new funds into Versa Cash or Versa Cash-i to enjoy the +1% p.a. returns?
No, you do not need to cash in RM30,000 of new funds. As long as you:
✅ Maintain a balance of RM1,000 in Versa Cash or Versa Cash-i AND
✅ Have set up an auto debit plan of min. RM200 into any Versa Invest funds (except for Versa Gold),
you will automatically enjoy our promotional +1% p.a. returns into Versa Cash or Versa Cash-i for your first RM10,000 available balance.
OR
✅ Maintain a balance of RM1,000 in Versa Cash or Versa Cash-i AND
✅ Have set up an auto debit plan of min. RM500 into any Versa Invest funds (except for Versa Gold),
you will automatically enjoy our promotional +1% p.a. returns into Versa Cash or Versa Cash-i for your first RM30,000 available balance.
- Can I manually cash in to Versa Invest every month instead of setting up Auto Debit to earn the promotional +1% p.a. returns for Versa Cash or Versa Cash-i?
No, manual cash ins to Versa Invest do not make you eligible to enjoy the promotional +1% p.a. returns into Versa Cash or Versa Cash-i.
- Can I set up an auto debit plan for Versa Cash or Versa Cash-i to earn the promotional +1% p.a. returns for Versa Cash or Versa Cash-i?
No, the promotional +1% p.a. returns into Versa Cash or Versa Cash-i is only applicable when you set up an auto debit plan of min. RM200 or RM500 into any Versa Invest funds (except Versa Gold).
- Can I set up more than 1 auto debit plan into Versa Invest?
Yes, you can set up more than 1 auto debit into Versa Invest (except Versa Gold). As long as the total auto debit amount is a minimum of RM200 or RM500, you will automatically enjoy our promotional +1% p.a. returns into Versa Cash or Versa Cash-i.
- Which Versa Invest funds can I set up my auto debit into to be eligible for the +1% p.a. returns in Versa Cash or Versa Cash-i?
Eligible funds include:
✅ Versa Global-i,
✅ Versa SGD,
✅ Versa Growth,
✅ Versa Growth-i,
✅ Versa Moderate,
✅ Versa Moderate-i and
✅ Versa REITs.
By auto debiting into any of these 7 funds, you will be eligible for the +1% p.a. returns in Versa Cash or Versa Cash-i.
Ineligible funds include:
❌ Versa Gold,
❌ Any PRS funds via Versa,
❌ Versa Cash and
❌ Versa Cash-i.
By auto debiting into any of these funds, you will not be eligible for the +1% p.a. returns in Versa Cash or Versa Cash-i.
- Is there a cut-off time to set up my auto debit plans?
Yes, there is. We encourage you to set it up by the cut-off time of every month to ensure your eligibility for our promotional +1% p.a. returns. Please refer to our Terms and Conditions for more information.
- What happens when my bank account balance is less than the amount set in my Auto Debit plan?
All Auto Debit plans will automatically fail, and hence for that month, you will not be eligible for the +1% p.a booster rate. Therefore, we encourage you to ensure that your bank account balance is higher than the Maximum Amount of your Auto Debit plan.
- Which month’s rate do I earn on top of the +1% p.a. returns?
You’ll enjoy the promotional +1% p.a. returns rate for the month(s) whereby your auto debit transaction(s) was successfully processed, completed and invested into your chosen Versa Invest funds (except Versa Gold).
- Is the promotional nett return rate of +1% p.a. before or after fees?
The promotional nett return rate of +1% p.a. is after fees. This means that the nett return rate you enjoy every month has already deducted the Management fee and Trustee fee.
- If my current balance in Versa Cash and Versa Cash-i respectively is over RM30,000, will I continue to earn the promotional +1% p.a.?
The promotional nett return rate of +1% p.a. only applies to the first RM10,000 or RM30,000 balance in your Versa Cash or Versa Cash-i. Here’s how:
✅ Maintain a balance of RM1,000 in Versa Cash or Versa Cash-i AND
✅ Have set up an auto debit plan of min. RM200 into any Versa Invest funds (except for Versa Gold),
you will automatically enjoy our promotional +1% p.a. returns into Versa Cash or Versa Cash-i for your first RM10,000 available balance.
➡️ Any subsequent balance above RM10,000 will continue to earn the monthly base nett return rate.
OR
✅ Maintain a balance of RM1,000 in Versa Cash or Versa Cash-i AND
✅ Have set up an auto debit plan of min. RM500 into any Versa Invest funds (except for Versa Gold),
you will automatically enjoy our promotional +1% p.a. returns into Versa Cash or Versa Cash-i for your first RM30,000 available balance.
➡️ Any subsequent balance above RM30,000 will continue to earn the monthly base nett return rate.
Example: You currently have RM32,000 in Versa Cash and have set up an auto debit plan of RM500 into Versa Invest funds. Your first RM30,000 is eligible for the promotion +1% p.a. on top of the monthly base nett return rate, while your remaining RM2,000 will continue to earn the base nett return rate.
- Will my earnings be rewarded into my Versa Cash or Versa Cash-i account?
Your earnings will be rewarded into one fund only and it is the fund with the higher available balance on the last day of the eligible month during the Campaign Period.
If both your Versa Cash and Versa Cash-i have the same available balance, Versa Cash will be the default rewarded account.
- When will I receive my earnings from the campaign?
You earn the base nett return from Versa Cash/Cash-i daily, and the rebates from this month will be credited to your account the following month.
Example: Your rebates from promotional nett return for the month of July will be credited to your Versa Cash/Versa Cash-i account in August.
*Terms & Conditions apply. Read the full Terms & Conditions here.