With Versa Cash and Versa Cash-i, you can now enjoy higher returns without committing to restrictive lock-in periods and high fees. Versa Cash is a new way of managing your money that is licensed by the Securities Commission Malaysia. The reviews and feedback have been convincing! Sign up today with our referral code and RM10.00 worth of Units!
Enjoy 4.3% p.a. w/-i with Versa Cash!
Save with Versa Cash and/or Versa Cash-i to earn 4.3%* p.a. net returns today
This promotion is open to all new and existing Versa users. As long as you have funds in Versa Cash and/or Versa Cash-i, you will automatically enjoy our promotional net return rate of 4.3%* p.a.
This promotion only applies to the first RM30,000 deposit while maintaining a minimum of RM1,000 in your Versa Cash and/or Versa Cash-i account.
Start today!
👉 https://mypromo.my/versa
- You worked hard for your money, so make your money work hard for you.
- And get 4.3% per annum return rate on your first RM30,000!
Sign Up Versa with Referral Code JZQYJ8D6 and Get RM10 Reward
What is Versa?
Versa is a digital cash management platform, is here to transform your sleeping cash into money-earning potential through return rates similar to the interest of a Fixed Deposit. With Versa, you can ‘duit’ your way and enjoy the freedom to withdraw your savings at any moment without penalties.
- Start saving with just RM100
- Earn FD like returns
- No lock-in periods, withdraw anytime
- No sales charges, no deposit/withdrawal or other hidden fees. No complications. No lock-in period.
How to Sign Up?
Follow these simple 10 steps and use our referral code JZQYJ8D6 to enjoy RM10 of Units. That’s an instant 10% return on your investment.
- Tap on this link: https://mypromo.my/versa
2. Download App and Tap to Open
3. Tap on Create Account
4. Key in your preferred Display Name and email address
5.Key in Promo or Referral Code: JZQYJ8D6
- Important Step for RM10 Reward!
6. Tap Create Account; key in OTP (sent via email) and Verify OTP
7. Set your Password
8. Next steps are all about Verification
> Verify your mobile number
> Verify your identity via Identity Card photos and a Selfie
> Submit additional details
9. Ok, all set and done. Now it’s time to deposit money to your account. Start with minimum RM100 to enjoy RM10 reward.
10. Done. They will verify your account and will take up to 5 business day for amount to be reflected in your balance.
Note: All investments involve some degree of risk!
Download Versa App
Versa Review
Pros
- Unlike FD, You can get started with Versa with a deposit as low as RM100.
- Versa is great if you want to park your money for short or long term. You do not need to commit to putting your money for certain period of time. You may withdraw your money anytime.
- It gives very competitive interest rate of up to 2.0% p.a. or higher depending on the performance of Affin Hwang Enhanced Deposit Fund.
Cons
- It takes Up to 3 business days for the deposit to be reflected in your account
- And it takes 2 business days to reach your bank account if you withdraw
Frequently Asked Questions (FAQs)
Am I required to cash in RM30,000 of new funds into Versa Cash and/or Versa Cash-i to enjoy the 4.3% p.a. net return?
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 and/or Versa Cash-i, you will automatically enjoy our promotional net return rate of 4.3% p.a.
Is the promotional net return rate of 4.3% p.a. before or after fees?
The promotional net return rate of 4.3% p.a. is after fees. This means that the net return rate of 4.3% p.a. has already deducted the Management fee & 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 net return rate of 4.3% p.a.?
The promotional net return rate of 4.3% p.a. only applies to the first RM30,000 balance in your Versa Cash and/or Versa Cash-i. Any subsequent balance above RM30,000 will continue to earn 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 4.3% p.a., while your remaining RM2,000 will continue to earn the base net return rate.
*Last updated: 3.95% p.a. as of March 2023 (Rate is indicative and subject to change from month to month)
Can I save with Versa Cash and Versa Cash-i at the same time, and earn the promotional net return rate of 4.3% p.a. for both funds respectively?
Yes, all users can save with Versa Cash and Versa Cash-i at the same time to enjoy the promotional net return rate of 4.3% p.a. on the first RM30,000 in each fund respectively. Subsequent amounts above RM30,000 will be entitled for base net return rate.
When will I receive my earnings from the campaign?
You earn the base net return from Versa Cash/Cash-i on a daily basis, and the rebates from this campaign will be credited to your account the following month.
Example: Your rebates from promotional net return for the month of July will be credited in your Versa Cash/Versa Cash-i account in August.
How risky is Versa Cash and Versa Cash-i?
Versa Cash and Versa Cash-i are very low-risk. The underlying fund in Versa Cash is the Enhanced Deposit Fund which invests in money market instruments and fixed deposits.
Meanwhile, the underlying fund for Versa Cash-i is a low-risk Islamic money money fund called Affin Hwang Aiiman Enhanced i-Profit Fund, which invests in short‐term sukuk, short‐term Islamic money market instruments and/or Islamic deposits.
What happens if the base net return rate for the month is higher than the 4.3% 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 4.3% p.a. net returns, your balance in Versa Cash and/or Versa Cash-i will enjoy the higher rate when you maintain a minimum of RM1,000. If the base net return rate drops below 4.3% p.a., you earn the promotion rate of 4.3% p.a. net returns for the duration of the promotion.
*Terms & Conditions apply. Read the full Terms & Conditions here
Wahed Invest
There is another investment platform that you may want to check out. Read about WAHED > https://mypromo.my/wahed-invest
