25th November 2022 - 3 min read
RinggitPlus is joining hands with digital wealth management service provider Versa to bring an exclusive offer just for our readers, consisting of instant cashback of up to RM100 for new Versa Cash users!
Versa is on a mission to empower Malaysians to achieve financial wellness and to make saving and investing easy and accessible for everyone, thanks to its two products, Versa Cash and Versa Invest. More importantly, it is also recognised and regulated by Securities Commission of Malaysia (SC).
Versa Cash is Versa’s digital cash management platform, which caters to the needs of those who are looking for an alternative to fixed deposit accounts with better rates and flexibility. Versa Cash taps into the low-risk Affin Hwang Enhanced Deposit Fund – offered by AHAM Capital Asset Management (formerly known as Affin Hwang Asset Management) – with projected net returns of 2.75% p.a.. Versa also regularly offers promotions for new and existing users with higher net returns – currently there is an ongoing promotion that enables you to earn 4% p.a. until 31 January 2023!
In addition to that, Versa Cash also boasts a low entry requirement; unlike many conventional investment channels which require a starting capital of RM100 or more, Versa Cash users can begin investing with just RM1. In short, this means everyone can save with Versa Cash! There are also no lock-in periods and withdrawal penalties, making them suited as an FD alternative.
Meanwhile, Versa Invest is Versa’s investment solution that complements Versa Cash, offering users the ability to diversify and invest in portfolios consisting of top-class global companies, such as Apple, Google, and Tesla. Users are able to choose from either a balanced or aggressive portfolio – dubbed Versa Moderate and Versa Growth, respectively – to suit their investment goals and risk appetite. More funds are also expected to be introduced soon, all of which will be managed by multiple global fund managers with a proven track record, including Baillie Gifford and BlackRock!
As for fees, there are no sales and exit fees – which means you will be able to enjoy returns on your full investment. Minimum entry requirement for Versa Invest stands at only RM100.
Thanks to our partnership with Versa, RinggitPlus readers who wish to sign up as a new Versa user will be able to enjoy an exclusive Versa Cash promotion, where they’ll earn some cashback when they’ve deposited a specified amount – specified as below:
To be eligible for the campaign – which is set to run from today until 31 January 2023 – just enter the promo code VERSARP when you register for a new Versa account. The cashback reward will be deposited into your Versa Cash account within 30 days.
Ready to start your journey with Versa? Just download the Versa app here to enjoy our exclusive promo now – on top of the chance to earn a return of 4% p.a. via Versa Cash.
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