Digital wealth management app Versa has recently launched its Money Booster campaign, where investors will be able to get an additional 1% p.a. return for their funds in Versa Cash and Versa Cash-i, on top of the monthly base return rate. This means that you can potentially earn a projected rate of up to 4.77% p.a. (based on the 3.77% p.a. base return rate for March 2024).

Ongoing from today until 31 December 2024, you can tap into the perks of this campaign by meeting a few requirements, the first of which is to maintain an approved Versa Cash or Versa Cash-i account with a minimum balance of RM1,000. Following that, set up an auto-debit plan to make a minimum monthly investment of either RM200 or RM500 into any of the following Versa Invest funds:

• Versa Growth/-i
• Versa Moderate/-i
• Versa SGD
• Versa Global-i
• Versa REITs

Depending on your preferred auto-debit amount, you will then be able to apply the additional 1% p.a. return to the first RM10,000 or RM30,000 balance in your Versa Cash/-i account. Here’s a table to better clarify the campaign mechanics for you:

Campaign reward	Auto-debit plan	Versa Cash/Cash-i balance that is eligible for +1% p.a.
Additional 1% p.a. nett return (+1% p.a.)	Auto-debit plan of minimum RM200 per month	First RM10,000 available balance in Versa Cash/-i*   * Extra balance will continue to earn monthly base nett return rate
	Auto-debit plan of minimum RM500 per month	First RM30,000 available balance in Versa Cash/-i*   * Extra balance will continue to earn monthly base nett return rate

Note, too, that your auto-debit plans must be set up by a specified cut-off time of each month, so that time is allowed for the actual auto-debit transactions to be carried out accordingly (fixed on 5^th of every month, unless otherwise stated). If you miss that cut-off date to set up your plan, then your auto-debit transactions will only be activated in the third month (which means that you may miss out on the +1% p.a. for a month).

You can refer to Versa’s full campaign schedule below for the cut-off time to set up your auto-debit plans:

Auto-debit plan set-up dates	Auto-debit transaction cut-off time	Auto-debit transaction date
9 – 25 Apr 2024	25 Apr 2024 (3pm)	6 May 2024 (5 May 2024 is a Sunday)
25 Apr – 27 May 2024	27 May 2024 (3pm)	5 June 2024
27 May – 27 June 2024	27 June 2024 (3pm)	5 July 2024
27 June – 26 July 2024	26 July 2024 (3pm)	5 Aug 2024
26 July – 28 Aug 2024	28 Aug 2024 (3pm)	5 Sept 2024
28 Aug – 27 Sept 2024	27 Sept 2024 (3pm)	7 Oct 2025 (5 & 6 Oct are weekends)
27 Sept – 25 Oct 2024	25 Oct 2024 (3pm)	5 Nov 2024
25 Oct – 27 Nov 2024	27 Nov 2024 (3pm)	5 Dec 2024

Versa further clarified that all users are allowed to set up multiple auto-debit plans for more than one Versa Invest funds. Just ensure that the total cumulative auto-debit transactions that you’ve set up meet the minimum required amount (at least RM200) in order to be entitled to the campaign perks.

And if you’re a RinggitPlus reader, there’s actually also an exclusive sign-up promo just for you, if you’ve yet to join as a Versa user! Sign up for a Versa account with the code “VERSARP3”, cash in a minimum of RM100 into any Versa funds, and you’ll receive a bonus of RM10. This promo is available only for a limited time, so don’t miss out!

Meanwhile, you can find out more about the Money Booster campaign on Versa’s official website here.

• TAGS:
• Promotional Campaigns
• Versa
• Versa Cash
• Versa Cash-i
• Versa Invest