At Versa, we believe that everyone deserves to achieve financial wellness, and the first step to that journey is to grow your savings for emergencies and short-term goals.
With Versa Cash, you can now enjoy higher returns without committing to restrictive lock-in periods, high minimum balance requirements and high fees.
Save with Versa Cash and earn 4.0%* p.a. net returns today
This promotion is open to all new and existing Versa Cash users. As long as you have funds in Versa Cash, you will automatically enjoy our promotional net return rate of 4.0%* p.a. 🚀
This promotion only applies to the first RM30,000 balance in your Versa Cash account.
This campaign will end on 30 June 2023.
Grow your savings with Versa Cash today
Versa Cash is a low-risk fund that’s better than your conventional savings account.
Frequently Asked Questions (FAQs)
Am I required to deposit RM30,000 of new funds into Versa Cash to enjoy the 4.0% p.a. net return?
No you do not need to deposit RM30,000 of new funds. As long as you have funds in Versa Cash, you will automatically enjoy our promotional net return rate of 4.0% p.a.
Is the 4.0 % p.a. net return rate before or after fees?
The 4.0% p.a. net return rate is after fees. This means that the rate has already deducted the Management fee of 0.3% & Trustee fee of 0.05%
If my current balance in Versa Cash is over RM30,000, will I continue to earn the promotional net return rate of 4.0% p.a.?
The promotional net return rate of 4.0% p.a. only applies to the first RM30,000 balance in your Versa Cash. Any subsequent balance above RM30,000 will continue to earn Versa Cash’s base net return rate*.
Example: You currently have RM32,000 in Versa Cash. Your first RM30,000 is eligible for the promotion net return rate of 4.0% p.a., while your remaining RM2,000 will continue to earn the base net return rate.
*Last updated: 3.90% p.a. on February 2023
When will I receive my earnings from the campaign?
Your returns from this campaign will be credited to your Versa Cash account the following month, on a monthly basis.
Example: Your earnings from the promotional net return rate for the month of September, will only be credited into your Versa Cash account in October.
How risky is Versa Cash?
Versa Cash is very low-risk. The underlying fund in Versa Cash is the Enhanced Deposit Fund which invests in money market instruments and low-risk fixed deposits.
What is the difference between Versa Cash and a fixed deposit account or savings account?
Versa Cash does not require any minimum lock-in periods, unlike a fixed deposit account. Moreover, Versa Cash does not have any requirements for you to earn our full projected return rate.
What happens if the base net return rate for the month is higher than the 4.0% p.a. promotion?
The base net returns rate fluctuates based on changes in the interest rate environment and the performance of fund managers. If the base net return rate is higher than the promotion rate of 4.0% p.a. net returns, your balance in Versa Cash will enjoy the higher rate. If the base net return rate drops below 4.0% p.a. you earn the promotion rate of 4.0% p.a. net returns for the duration of the promotion.
*Terms & Conditions apply. Read the full Terms & Conditions here