What is the annual interest rate for Versa Save Conventional new funds?

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Versa Offers 4.2 Per Cent Annual Promotional Rate for New Funds in Versa Save Conventional

Versa is currently offering a promotional annual interest rate of 4.2 per cent for fresh funds deposited into its Versa Save Conventional product. This special rate is available for a period of 210 days, providing a limited-time incentive for new deposits.
Promotional Fixed Rate Details
The promotional fixed rate stands at 4.2 per cent per annum, specifically applicable to new funds introduced into the Versa Save Conventional account. This offer is designated to run for a duration of 210 days, encouraging timely placement of funds.
Availability for New and Existing Users
While the 4.2 per cent rate applies to fresh funds in Versa Save Conventional, the platform also has a separate promotion for new users. These new users can potentially receive a 10 per cent per annum nett rate on their first RM500 invested through the Auto Save feature in Versa Save for three months, subject to specific terms and conditions.
Platform Growth and Offerings
Versa has seen significant user engagement, with over 30,000 users now utilising its Auto Save feature to automate investments. Since its inception in 2021, the platform has facilitated the placement of RM2.5 billion in savings. Versa operates in partnership with AHAM Asset Management Berhad and is regulated by the Securities Commission Malaysia, offering investment products with a low minimum investment amount of RM10 and no sales fees.

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What is the annual interest rate for Versa Save Conventional new funds?

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