What do I need to know about Versa Cash?
Versa Cash is a cash management product that invests your money in the AHAM Enhanced Deposit Fund, a low-risk money market fund managed by AHAM Asset Management Berhad. The fund invests in low-risk money market instruments designed to preserve capital while providing a high level of liquidity, making it suitable for short-term savings while keeping your money accessible without lock-in periods.
Unlike a traditional savings account, your money is invested in a money market fund instead of being held as bank deposits. Money market funds are designed to prioritise capital preservation and liquidity, making them a common choice for short-term savings and emergency funds.
You can start investing with as little as RM10, making Versa Cash accessible even if you're just starting to build your savings. While returns are not guaranteed like a fixed deposit, your money remains invested in the fund until you decide to withdraw it, with withdrawals processed according to the fund's redemption timeline.
Is there a Shariah-compliant Versa account?
Yes, there is. Referred to as Versa Cash-i, the cash that you put into this Shariah-compliant account will be put into low-risk Islamic money market funds with other features that work quite similarly to its conventional counterpart. Want to find out more? Read the Product Highlights Sheet.
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 for 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?
You get to earn a return rate as high as 3.38% per annum (after fees) for funds in Versa Cash. By after fees, we meant that the Management Fee of 0.30% and the Trustee Fee of 0.05% (For Versa Cash-i, it is 0.02%) have already been deducted.
| Versa Cash | Versa Cash-i |
| RM2,000 - RM300,000 Base Net Return for April 2026: 3.38% p.a. (After fees) | RM2,000 - RM300,000 Base Net Return for April 2026: 3.10% p.a. (After fees) |
Even so, please do note that your earnings may vary or change based on the valuation of debentures or money market instruments/investments. If 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 Cash 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 Cash safe?
Yes, your deposited money in Versa is safe as this platform is licensed by the Securities Commission Malaysia under the following guidelines - Recognised 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: Download the Versa App and create your account
- Prepare your IC for the e-KYC and onboarding process on the app
Step 2: Make your first deposit
- Once your registration is successful, you’re all set to make your first deposit
