4.8Versa Cash
The alternative to Fixed Deposits, but better
What is Versa Cash?
Start saving from as low as RM1.
Earn interest daily and earn up to 2.46%* per annum.
Withdraw anytime with no penalties.
100% online, secure and low-risk.
Versa Cash invests your money in Affin Hwang Enhanced Deposit Fund.
Affin Hwang Enhanced Deposit Fund Performance
RM 635 mil
Affin Hwang EDF Fund Size
as of March 2022
2.46% p.a.
Projected by Versa for 2022
(Inclusive of Fees)
Very Low
Affin Hwang EDF Risk Rating
Download today to unlock the potential of your cash
Low & Fair Fees Always
SALES FEE
RM0.00
WITHDRAWAL FEE
RM0.00
Looking to invest for your future?
Versa Invest is perfect for you
Select from 3 Unique Portfolios
Exclusive access to funds managed by best-in class fund managers
Start investing from as low as RM100.
Simple yet smart investing
Reduced risks, maximised rewards
No sales fees and withdrawal fees
Frequently Asked Questions
What makes Versa one of the best Digital Cash Management Solution providers in Malaysia?
Investing with Versa means choosing lower risks with potentially higher returns. Versa invests in a specific Money Market Fund called the Affin Hwang’s Enhanced Deposit Fund which only invests in low-risk assets – short term deposits in multiple Malaysian banks. Next, Versa lets you make the most out of your money. Unlike Fixed Deposits which only offers basic interest, Versa offers interest that is compounded daily. Finally, you can make on the spot decisions with Versa. With Versa, you can withdraw anytime with all the interest earned and expect your money to be in your bank account within the next day* – with no penalties!
*Learn more about deposit & withdrawals here.
Is Versa's Digital Cash Management Shariah Compliant?
Versa’s fund is not shariah compliant. Currently, Versa only allows investments into one money market fund, Affin Hwang Enhanced Deposit Fund.
Is Versa Cash PIDM Protected?
Money market funds are not protected by PIDM. However, the Versa Fund places / diversifies our customer’s funds in multiple short term deposits of multiple Malaysian banks. In an unlikely case that one bank were to go under, it would only slightly affect the return of the fund.
Why shouldn't I cash in directly to AHAM's money market funds (EDF) on my own?
With Versa, our onboarding process is super convenient, hassle-free, and paperless.
Your account can be opened via your mobile within 5 minutes. Versa also allows you to start cash in with a low entry fee of only RM 1, whereas the minimum amount for directly investing is RM 10,000.
It is also very convenient to perform subsequent cash ins via the app. The Versa dashboard also provides you with an interactive view of your portfolio’s performance.
What is the projected return ?
The projected return for 2022 is 2.46% p.a. (Inclusive of fees).
Whilst this rate remains consistent, the Versa team may improve the cash product depending on the interest rate environment and fund managers’ performances.
Featured Articles
Mid Year Mega Bonus: Refer & Earn 🎁
As a show of appreciation for your support, we want to help you reach your goals faster while spreading the joy of unlocking your wealth’s potential. We know you love sharing great deals with your friends. So we got one just for you! Now you can get more $$$ on top of your regular Referral […]
How to Claim Your Versa Promo Rewards
Got a promo code for Versa but unsure how you can use it to get your rewards 🤑? We got you! Scroll down or click the links below to go to a specific section to find out more 👇 In this article: New Users, Get Your Sign Up Rewards! Versa Invest RM20 Sign Up Reward […]
What to Do When the Markets Go Down
We invest with making higher returns in mind. But the markets are volatile right now and you’re wondering what’s your next move. It’s a tough decision to make and can weigh on you emotionally since your hard-earned savings is on the line. It’s either: Wait for the investments to go up then sell-off immediately before […]
What everyone in their 20s need to know about investing
And no, you’re not too young to start! Once you hit your 20s, you think you need to have your life figured out. Between focusing on your career and spending time with your friends, investing may not be a huge priority. Right now you may not even know what your investing goals are. But the […]
Welcome back to the Year of YOLO: Money Saving Edition
Why just watch people splurge when you can join them by saving Popularised by the rapper Drake in 2011, the phrase YOLO has become a motivational phrase to do that thing because *wait for it, you only live once. In 2019, the unexpected COVID-19 pandemic led to a worldwide lockdown. YOLO has never resonated as […]