Versa - Affin Hwang Asset Management

Versa lets you save your hard-earned cash and earn competitive return rates with the flexibility of no lock-in periods. Get started with only RM1.

Versa - Affin Hwang Asset ManagementNo lock-in period
Min. Deposit
Daily Return
Early Withdrawal

Return Rate

What you earn based on the amount that you have in your account

You DepositDeposit PeriodProjected Net Return
RM1 - RM30,000no lock-in period4% p.a.
min. RM30,001no lock-in period2.75% p.a.

Fees & Charges

Management fee
0.3% p.a.
Trustee fee
0.05% p.a.


Minimum Age
  • 18 years old
Who can apply
  • Malaysians

More Information

RinggitPlus Versa Campaign FAQs:

For a limited time only, all new applicants of Versa will get a guaranteed sign-up gift of up to RM100 Cash Reward.

This promotion runs from 24 November 2022 to 31 January 2023 (“Campaign Period”), subject to the campaign's terms and conditions.

Who is qualified for this promotion?

This promotion is open to all Malaysian citizens over 18 years old with a valid IC and is exclusively for RinggitPlus users who are new applicants of Versa only.

Applicants that are not eligible for this promotion include the following:

  • Existing users of Versa
  • Customers that have a closed Versa account
  • Customers that have registered with RinggitPlus but did not enter the referral code
  • Customers who have opened a Versa account through other alternative channels

How to be eligible for the free sign-up gift?

Please download the Versa App and register for an account with RinggitPlus referral code “VERSARP”, then prepare your IC to complete the e-KYC and the onboarding process as instructed on the app. After that, please prepare to make your first deposit of either RM100, RM1,000 or RM10,000 in a single transaction to be eligible for the free sign-up gift.

The exclusive Cash Reward Campaign is as per below.

Cash Reward TierCriteria
RM15Make a first deposit of RM100 in a single transaction to receive RM15 Cash Reward
RM30Make a first deposit of RM1,000 in a single transaction to receive RM30 Cash Reward
RM100Make a first deposit of RM10,000 in a single transaction to receive RM100 Cash Reward

Please note that the Cash Reward will be rewarded to the eligible Versa users’ accounts within 30 working days.

What other T&Cs should I take note of?

The eligible applicant is entitled to only one (1) Campaign Gift throughout the Campaign Period and only the Principal participant is eligible for the Campaign Gift. Plus, any other first deposits made after the promotion period will not be eligible for the Campaign gift as well.

Where can I reach out to you for more information?

For any questions, please get in touch with us via email at [email protected]. We’re happy to help!

What do I need to know about Versa?

Oftentimes, we found ourselves contemplating putting our savings in a fixed deposit account because the minimum placement is high. Plus, you will be missing out on life since you can withdraw your money along with the returns you earned only when the account matures. So in the end, we let our savings sleep in our savings account without earning much return.

With Versa, you can Duit Your Way™! Managed by Affin Hwang Asset Management, Versa is a digital cash management platform that works the same as a fixed deposit and you can deposit as low as RM1.

What's even more awesome is that your cash will be put into money market funds, thus providing you with the opportunity to broaden your regular income stream and give high returns to meet your cash flow requirements.

Once you’ve parked your money, you can start earning returns daily and watch your money grow as you go with Versa.

But what is a money market fund?

Put simply, a money market fund is a fixed-income investment that invests in safe assets such as deposits and lets you park your money in a short time.

It is not just safe and low-risk, but a money market fund is also highly liquid with the flexibility of no lock-in periods. This way, you have easy access to your money no matter when and where.

How high is the return rate?

Annually, you get to earn a return rate as high as 4% per annum (after fees) for the first RM30,000 funds in Versa. By after fees, we meant by the Management Fee of 0.30% and the Trustee Fee of 0.05% have already been deducted.

Additionally, that doesn't mean that you have to deposit RM30,000 to get the high return rate, so long as there's cash in your Versa account, then you will get to enjoy the 4% per annum rate.

Even so, please do note that your earnings may vary or change on the valuation of debentures or money market instruments/investments. In the event that the return rate increases, the investment prices generally decrease resulting in the low market value of the investment.

Can I withdraw my funds anytime I want?

Yes most definitely!

What’s cool about Versa is that you have easy access to your cash whenever you want it, as compared to other fixed deposits in the market. You won’t get charged any penalty fees for withdrawing before maturity.

No hidden fees and no extra charges are guaranteed.

Is my money in Versa safe?

Yes, your deposited money in Versa is safe as this platform is licensed by the Securities Commission Malaysia under the following guidelines - Recognized Markets SC-GL/6-2015 (R5-2020).

I’m interested in applying. What are the next steps?

The steps are simple and you only need your IC to apply. Please follow the steps below.

Step 1: Start your application on our chatbot

  • Click on the Apply Now button
  • You will then be directed to our WhatsApp chatbot
  • Start your application by answering the questions asked by our chatbot

Step 2: Download the Versa App and create your account

  • At the end of the chatbot flow, you will receive a link to download the Versa App
  • Use referral code: VERSARP to register for your account to be eligible for campaign rewards
  • Prepare your IC for the e-KYC and onboarding process on the app

Step 3: Make your first deposit

  • Once your registration is successful, you’re all set to make your first deposit
  • Please make your first deposit of either RM100, RM1,000 or RM10,000 in a single transaction to be eligible for the Cash Reward campaign
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