In this Versa Cash update 2023, I will share my rate of return on Versa. The return is calculated using value as on 1 July 2023. My return My return is 3.43% per annum, based on internal rate of return formula. This is lower than the promotional rate of 4.00% per annum. My return was …
Rakuten Trade (RT) has revised its brokerage fee recently. It boasts that it has the lowest rate in town. So what are the changes? RT fee revision 2023 For trades less than RM 700.00, the brokerage fee is 1%, with a minimum of RM 1.00. It means that if you trade RM 100.00 worth of …
Recently, I have made a withdrawal from my Versa Cash account. I would like to share my experience here. Timeline I made the withdrawal request on 19 February (Sunday) at around 8.30am. The request was processed by Versa on the same day. However, as it is a non-working day, my withdrawal request was processed by …
Versa has announced that Versa Cash interest rate will increase to 4% per annum starting 1 November 2022 until 31 January 2023. The current interest rate is 3.2%. Terms and conditions The 4% interest rate only applies to the first RM 30,000 balance in the account. Any amount over this value will continue to earn …
Recently, I have received an email from Versa about its new interest rate. Versa Cash net interest rate now is 2.5% per annum, instead of 2.1%. This is effective from 1 August 2022. My return As on 9 August 2022, my return is 2.75% per annum, based on internal rate of return formula. This is …
Versa has introduced a new product known as Versa Invest. It offers two portfolios actively managed by Affin Hwang Asset Management and global experts. These portfolios contain global funds of varying risks and returns. Main benefits of Versa Invest First, there is no sales and exit fees. Second, it offers portfolios made up of several …
I have been using Versa for more than six months. In this article, I am going to share my experience of using this digital cash management platform. My return As on 30 November 2021, my return is 1.95% per annum. I am using internal rate of return for the calculation. It is lower than the …
Versa is a platform to save extra money with a decent interest rate akin to fixed deposit (FD) without the lock-in period. It is licensed by Securities Commission as a recognized market operator. How Versa Works? It channels the invested money to Affin Hwang Enhanced Deposit Fund, a money market fund. The interest is earned …
Recently there are some allegations that Rakuten Trade (RT) is involved in online platform scams. It is claimed that RT is offering various “investment plans” at a cost. Is this true? Background RT is the the country’s first and only fully digital equities trading platform. It is a joint venture between Kenanga Investment Bank Berhad …
Rakuten Trade (RT) interest rate has dropped again on 7 July 2020, which is the fourth decrease in this year. This is in tandem with the reduction of the overnight policy rate (OPR) from 2.00% to 1.75% by Bank Negara Malaysia. New interest rate The interest rate now is 1.00% per annum. Referral link Below …
