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 three 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 three asset management firms.
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 to create a pathway from 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.
Today, Versa is taking the initiative to launch their latest campaign, the Money Booster Campaign, that is designed to reward users for building better financial habits by automating their investments and building their passive income through savings. This is how you as a Versa user can take part in this campaign:
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.
Mechanics of the Money Booster Campaign:
Step 1: Create a Versa account and make a cash-in of RM1,000 into Versa Cash or Versa Cash-i.
Step 2: Set up an auto debit plan into any of the following Versa Invest funds:
- Versa Growth
- Versa Growth-i
- Versa Moderate
- Versa Moderate-i
- Versa Global-i
- Versa SGD
- Versa REITS
*(except Versa Gold)
To enjoy +1% p.a. Returns in your Versa Save, simply complete the following:
- Set up an auto debit plan of a minimum of RM200 per month in the eligible funds mentioned above to enjoy +1% for the first RM10,000 available balance in Versa Cash or Versa Cash-i. OR
- Set up an auto debit plan of a minimum of RM500 per month in the eligible funds mentioned above to enjoy +1% for the first RM30,000 available balance in Versa Cash or Versa Cash-i.
Moreover, by maintaining a Versa Cash/Versa Cash-i balance of RM1,000, no further action is required from the users’ end as these rate adjustments will be automatically applied.
This campaign aims to provide more value to Versa’s users’ savings journey by rewarding them to build better financial habits with this competitive +1% pa. booster rate. Users will be easily able to track their funds and savings performance all within the app itself and Versa offers no upfront charges. Upon completion of the campaign mechanics, 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 their website here.
Exclusive for WORLD OF BUZZ readers:
Versa is offering a special sign-up promo for WORLD OF BUZZ readers! Use the code <VWOBUZZ> to receive a RM10 bonus when you create an account and cash-in a minimum of RM100 into any funds in Versa!
Also read: Malaysians Can Withdraw from Their EPF’s Account 3 ANYTIME from May 11 Onwards, Here’s How it Works
