Versa’s Money Booster Campaign offers Msians higher savings interest

Versa, a rising homegrown digital wealth management app, offers Malaysians a user-friendly journey into building a wealth portfolio. With the option of 16 funds across 3 verticals in Versa Save, Versa Invest and Versa Retirement, offering both Shariah-compliant and conventional funds that are expertly managed by AHAM Asset Management Berhad, one of Malaysia’s top 3 asset management firms and recently gained strength through its acquisition by CVC Capital Partners, a prominent global private equity firm, in 2022.

Versa strives to simplify saving and investing by offering intuitive and beginner-friendly features like a minimalist app interface, auto-debit, goal tracker, and educational resources, ensuring a hassle-free experience for users. Since 2021, Versa has offered attractive rates on their Money Market Funds under Versa Save, creating a pathway for high returns and quick withdrawals, to onboarding a variety of investment funds, such as Versa Global-i and Versa SGD under Versa Invest. Their latest vertical, Retirement, further helps Malaysians capitalise on income tax reliefs and retirement planning via Private Retirement Scheme funds.

Starting from 1 May 2024, users can enjoy an additional +1% p.a. nett returns in Versa Cash or Versa Cash-i on top of the monthly base nett return rate. Using March 2024’s base nett return rate as an example, users could enjoy 3.77% p.a. + 1% p.a. = 4.77% p.a. in their Versa Cash or Versa Cash-i when they fulfil one of the below campaign criteria.

STEP 1: Create a Versa account and make a cash in of RM1,000 into Versa Cash or Versa Cash-i.

STEP 2:

• OPTION 1: Set up an auto debit plan of a minimum of RM200 per month into any Versa Invest fund (except
  for Versa Gold) to enjoy +1% for the first RM10,000 available balance in Versa Cash or Versa Cash-i
• OPTION 2: Set up an auto debit plan of a minimum of RM500 per month into any Versa Invest fund (except
  for Versa Gold) to enjoy +1% for the first RM30,000 available balance in Versa Cash or Versa Cash-i

These are the eligible Versa Invest funds that users can set auto debit into to be eligible for the +1% p.a.
nett booster rate:

✅ Versa Global-i
✅ Versa SGD
✅ Versa Growth
✅ Versa Growth-i
✅ Versa Moderate
✅ Versa Moderate-i
✅ Versa REITs

And that’s all! You won’t have to do anything else, as Versa will automatically apply these rate adjustments to your investments.

This campaign aims to provide more value to our users’ savings journey by rewarding them to build better financial habits with this competitive +1% p.a. booster rate. Users will be easily able to track their fund and savings performance all within the app itself and Versa offers no upfront charges, upon completion of the campaign mechanics (detailed below), users will automatically enjoy access to the Money Booster.

“We are excited to introduce the Money Booster Campaign as part of our ongoing commitment to providing innovative and rewarding solutions to our users,” said Teoh Wei-Xiang, CEO and co-founder of Versa. “We recognise that many Malaysians face the emotional weight of financial challenges and Versa aims to alleviate some of that anxiety and burden with our auto debit feature. The beauty of our auto debit is that it automates our users’ monthly savings and investments. We’re not just about transactions performed via a screen; Versa’s goal is to foster financial peace of mind and confidence in Malaysians to manage their finances effortlessly and stress-free.”

Users can start enjoying an additional 1% p.a. return in their Versa Cash or Versa Cash-i through the Versa app available for download from the Apple App Store, Google Play Store & Huawei AppGallery.

Versa is regulated by the Securities Commission (SC) Malaysia.

For more information about Versa’s Money Booster Campaign, please visit https://versa.com.my/boost-your-money-with-1-p-a-returns-in-versa-save/. Versa is offering a special sign-up promo for Cilisosreaders! Use the code VCILISOS2 to receive a RM10 bonus when you create an account and cash in a minimum of RM100 into any funds in Versa.