Versa's fixed rate campaign offers 4.2pct yearly returns, flexible withdrawals
Versa, a digital wealth platform regulated by the Securities Commission Malaysia, has launched its 'Fixed Rate Quests' campaign, offering guaranteed returns of up to 4.2 per cent* per annum on selected products.
Running until Jan 31, 2026, the campaign invites investors to unlock these rates by topping up fresh funds into either Versa Cash or Versa Cash-i, both of which are powered by low-risk money market funds managed by AHAM Asset Management Bhd.
With this campaign, investors stand to earn up to 4.2 per cent per annum in Versa Cash*, which is powered by the AHAM Enhanced Deposit Fund.
Those who prefer a Syariah-compliant option can opt for Versa Cash-i*, which offers up to 3.9 per cent per annum through the AHAM Aiiman Enhanced i-Profit Fund.
The fixed rate applies to fresh fund cash-ins of up to RM300,000 and is calculated on an almost daily prorated basis during the campaign period.
RETURNS WITH NO FIXED LOCK-IN
Versa chief executive officer Teoh Wei-Xiang described the campaign as a smart alternative to traditional Fixed Deposits, noting that unlike conventional options, Fixed Rate Quests allow users to withdraw their funds at any time without losing their base returns.
"You'll enjoy guaranteed returns but with the flexibility to access your funds when you need them.
"Even if you cash out early, your money still earns Versa's usual competitive base nett returns," he said.
For context, the base nett return for Versa Cash in May this year was 3.89 per cent** per annum, while Versa Cash-i delivered 3.54 per cent** per annum.
Any top-ups made during the holding period that meet the campaign requirements will also reactivate the fixed rate on a prorated basis, offering further flexibility to users who may need to dip into their savings.
TWO PHASES, SIMPLE RULES
The campaign is structured into two clear phases:
Qualifying period (1 to 31 July, 2025): Top up fresh funds to unlock your fixed rate. Simply cash in a required minimum amount of RM2,000 into your Versa Cash account, or a required minimum amount of RM1,000 into your Versa Cash-i account.
Phase 2 (Aug 1 to Jan 31, 2026): To continue earning the fixed rate, users must maintain their cumulative nett cash-in at or above the qualifying threshold.
Funds are accessible at any time, and campaign rewards will be credited to user accounts by the end of Feb 2026.
With over 300,000 users and more than RM1.2 billion in transactions to date, Versa continues to attract Malaysians looking for safer, low-entry-point investment options that don't compromise on returns or convenience.
To learn more about Fixed Rate Quests, visit this website.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Straits Times
29 minutes ago
- New Straits Times
MITI imposes anti-dumping duty on steel imports from China, Vietnam, Korea
KUALA LUMPUR: The government has decided to impose a provisional anti-dumping duty on imports of certain galvanised iron or steel coil and sheet products from China, South Korea and Vietnam. The Investment, Trade and Industry Ministry (MITI) said the decision to impose the duties, in the form of a bank guarantee and ranging from 3.86 to 57.90 per cent, was made after preliminary investigations found sufficient evidence that these imports were brought into Malaysia at dumped prices. In a statement today, the ministry said the preliminary finding was made under Section 23 of the Countervailing and Anti-Dumping Duties Act 1993. "As such, the government has decided to impose a provisional anti-dumping duty, in the form of a bank guarantee, equivalent to the dumping margin identified in the preliminary determination, ranging from 3.86 to 57.90 per cent on imports of the subject merchandise from China, South Korea and Vietnam, to prevent further material injury to the domestic industry during the investigation. "The imposition of temporary anti-dumping duties will be effective for a period not exceeding 120 days, starting from July 7, 2025. "A final determination will be made on or before Nov 3, 2025," it added. MITI said the government initiated the anti-dumping investigation on Feb 6 and, based on the preliminary findings, the investigation will continue. The probe, conducted under the Countervailing and Anti-Dumping Duties Regulations 1994, was launched following a petition filed by CSC Steel Sdn Bhd. The petitioner, representing the domestic industry producing similar goods, alleged that the products originating from China, South Korea and Vietnam were imported at prices below their respective domestic markets, causing material injury to Malaysian manufacturers. MITI said interested parties, including importers, producers, foreign exporters and relevant associations, are invited to submit their comments or views on the preliminary determination report. Submissions must be made by July 14. it said.
BusinessToday
an hour ago
- BusinessToday
Tariff Positives Could Draw Foreign Inflow, Push MYR To 4.20 Levels
The Malaysian Ringgit has shown unexpected strength this week, trading between 4.20 and 4.23 against the US Dollar, as the Dollar Index (DXY) briefly dipped below 97.0 for the first time since February 2022. This movement reflects a complex interplay of global fiscal concerns, economic data, and shifting trade expectations. The DXY initially came under pressure after the US Senate passed a fiscal bill projected to add USD3.3 trillion to US debt over the next decade, intensifying concerns over US fiscal sustainability. This prompted investors to rotate into alternative liquid currencies like the Euro (EUR) and Swiss Franc (CHF), despite their lower yields. However, the DXY later rebounded above 97.0, buoyed by stronger-than-expected JOLTs (Job Openings and Labor Turnover Survey) and manufacturing data from the United States. The robust US June jobs report significantly outperformed expectations, pushing the 10-year US Treasury yield up to 4.35%. This led markets to scale back their expectations for US rate cuts in 2025 from three to two. Attention is now shifting from broad macroeconomic data to upcoming US Treasury auctions and global trade negotiations. Domestically, Bank Negara Malaysia's (BNM) policy decision next week will be a key focus, with market views currently divided on the central bank's next move. Kenanga Research maintains its expectation for BNM to hold the Overnight Policy Rate (OPR) at 3.00%, citing solid domestic growth and a risk that inflation may reaccelerate towards 2.0%. This house view stands in contrast to market expectations of a rate cut, suggesting that yields may rebound slightly above 3.50%. However, demand for Malaysian bonds is anticipated to remain resilient, especially if macro indicators continue to improve. On the trade front, comments from Treasury Secretary Bessent, noting that around 100 countries could face a minimum reciprocal tariff of 10.0%, could be net positive for Malaysia (likely included in this group). Such developments, paired with ongoing structural reforms, could draw in more foreign inflows and support further Ringgit appreciation towards 4.20/USD. Technically, the USDMYR remains anchored around its 5-day Exponential Moving Average (EMA) at 4.23. Future tariff developments are expected to drive its direction, with immediate support identified at 4.21 (S1) and resistance at 4.24 (R1). While these factors may provide additional support for the Ringgit, persistent external risks still warrant caution. Related
Daily Express
an hour ago
- Daily Express
Malaysia slaps duties on steel imports from China, South Korea and Vietnam
Published on: Saturday, July 05, 2025 Published on: Sat, Jul 05, 2025 By: FMT Reporters Text Size: The investment, trade and industry ministry said action has to be taken to prevent 'further injury' to the domestic industry. (Reuters pic) PETALING JAYA: The government has imposed provisional anti-dumping duties ranging from 3.86% to 57.90% on certain iron and steel imports from China, South Korea and Vietnam. The investment, trade and industry ministry said the duties will take the form of bank guarantees, effective for up to 120 days starting July 7, pending a final determination by Nov 3. Advertisement This follows a preliminary investigation on Feb 6 into flat-rolled iron or non-alloy steel products coated with zinc using the hot-dip process, commonly known as galvanised steel coils or sheets. Local steelmaker CSC Steel Sdn Bhd had lodged a petition, claiming that imports from the three countries were being sold below their domestic market prices, causing losses to Malaysian producers. 'The government has found that there was sufficient evidence to continue with further investigation on the importation of the subject merchandise from China, South Korea and Vietnam at dumped prices. 'The provisional measure is necessary to prevent further injury to the domestic industry,' the ministry said in a statement today. Companies and exporters affected by the decision have until July 14 to submit feedback. A final decision will be made by Nov 3. More information, including a public version of the findings, may be found at * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
