KUALA LUMPUR, May 2 — Starting today, users of local digital wealth management application Versa will enjoy an additional +1 percent net return on Versa Cash or Versa Cash-i on top of their monthly base net return You will be able to do it.
Dubbed the “Money Booster Campaign,” the campaign aims to reward users who build better financial habits by automating their savings and investments.
This campaign aims to provide more value to users’ savings activities by rewarding them for developing better financial habits with this competitive +1% annual booster rate. is.
Users can also easily track their funds and savings performance within the app itself, and there are no upfront fees charged.
Once the campaign mechanics (more on that below) are complete, users will automatically have access to Money Booster.
How to use
Users must first set up a Versa account and deposit RM1,000 into Versa Cash or Versa Cash-i.
Thereafter, you must set up a cumulative minimum RM200 or RM500 auto-debit plan on Versa Invest funds (excluding Versa Gold) to enjoy +1% annual return every month.
With these plans in place, users can enjoy +1% on Versa Cash or Versa Cash-i on the first RM10,000 or RM30,000 respectively.
These rate adjustments are applied automatically and require no further action on your part.
The eligible Versa Invest funds are Versa Growth, Versa Growth-i, Versa Moderate, Versa Moderate-i, Versa REIT, Versa SGD and Versa Global-i.
Using the March 2024 base net rate of return as an example, users will enjoy Versa Cash of 3.77 percent per year + 1 percent per year = 4.77 percent per year if they meet the promotional criteria.
Versa strives to simplify saving and investing by offering intuitive, beginner-friendly features such as a minimalist app interface, direct debits, goal trackers, and educational resources, ensuring a hassle-free experience for our users. Masu.
They have offered more than 16 diversified funds in three areas, tailored to the user’s risk level and capital market entry.
Users can start enjoying an additional 1 percent annual return on Versa Cash or Versa Cash-i through the Versa app, which can be downloaded from the Apple App Store, Google Play Store, and Huawei AppGallery.
Versa CEO and co-founder Teoh Wei-Xiang said the Money Booster campaign is part of the company’s continued commitment to providing innovative and valuable solutions to users.
“We recognize that many Malaysians are facing the emotional weight of financial challenges, and Versa aims to alleviate some of that anxiety and burden with our direct debit feature. Masu.
“The benefit of our Direct Debit is that our users’ monthly savings and investments are automated.”
“We’re not just about transactions carried out through a screen. At Versa, our goal is to foster financial security and confidence so Malaysians can manage their finances effortlessly and stress-free.” he said.
Click here to learn more about Versa’s Money Booster campaign.
Versa Cash and Versa Cash-i are owned by AHAM Capital, one of Malaysia’s top three fund houses, and were acquired by CVC Capital Partners, a prominent global private equity firm, in 2022.
exclusive malay emailleader. Versa is offering a special sign-up promotion. Create an account using code VMALAYMAIL2 and deposit a minimum of RM100 into his Versa funds to receive a RM10 bonus.
