{"id":71190,"date":"2024-04-19T17:13:39","date_gmt":"2024-04-19T09:13:39","guid":{"rendered":"https:\/\/nomoneylah.com\/?p=71190"},"modified":"2024-04-19T17:13:43","modified_gmt":"2024-04-19T09:13:43","slug":"versa-cash-review","status":"publish","type":"post","link":"https:\/\/nomoneylah.com\/2024\/04\/19\/versa-cash-review\/","title":{"rendered":"Versa Cash &#038; Cash-i Review: Great Alternatives to Fixed Deposit (FD)!"},"content":{"rendered":"\n<p>Fixed Deposit, or FD, has always been people\u2019s go-to way to save or deposit extra cash. The problem is, it locks your money in for a long time<span class=\"font-500830\">, or requires a high initial deposit to start with.<\/span><\/p>\n\n\n\n<p><span class=\"font-500830\">In this article, let\u2019s look into Versa Cash and Versa Cash-i, a great alternative to FD in Malaysia. Personally, I&#8217;ve been using Versa since 2021 and I absolutely love it! In this post, let&#8217;s explore if Versa is for you!&nbsp;<\/span><\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-new-get-4-0-promo-return-rate-with-versa-cash-amp-cash-i-find-out-more-at-the-end-of-this-post\"><strong><span class=\"font-555555\">[NEW: Get 4.0% promo return rate with Versa Cash &amp; Cash-i! Find out more at the end of this post!] <\/span><\/strong><\/h4>\n\n\n\n<div style=\"height:1px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-662c1c30eee63\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-662c1c30eee63\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/nomoneylah.com\/2024\/04\/19\/versa-cash-review\/#Highlights_of_Versa_Cash_Versa_Cash-i\" title=\"Highlights of Versa Cash &amp; Versa Cash-i\">Highlights of Versa Cash &amp; Versa Cash-i<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/nomoneylah.com\/2024\/04\/19\/versa-cash-review\/#How_do_Versa_Cash_Versa_Cash-i_work\" title=\"How do Versa Cash &amp; Versa Cash-i work?\">How do Versa Cash &amp; Versa Cash-i work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/nomoneylah.com\/2024\/04\/19\/versa-cash-review\/#Is_Versa_Cash_Safe_to_Use\" title=\"Is Versa Cash Safe to Use?\">Is Versa Cash Safe to Use?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/nomoneylah.com\/2024\/04\/19\/versa-cash-review\/#Versa_Cash_Fees_Charges\" title=\"Versa Cash Fees &amp; Charges\">Versa Cash Fees &amp; Charges<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/nomoneylah.com\/2024\/04\/19\/versa-cash-review\/#3_things_I_like_about_Versa_Cash_Versa_Cash-i\" title=\"3 things I like about Versa Cash &amp; Versa Cash-i\">3 things I like about Versa Cash &amp; Versa Cash-i<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/nomoneylah.com\/2024\/04\/19\/versa-cash-review\/#Risks_What_You_Need_to_Know_Before_Investing_in_Versa_Cash_Cash-i\" title=\"Risks + What You Need to Know Before Investing in Versa Cash &amp; Cash-i\">Risks + What You Need to Know Before Investing in Versa Cash &amp; Cash-i<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/nomoneylah.com\/2024\/04\/19\/versa-cash-review\/#Eligibility_Is_Versa_Cash_for_You\" title=\"Eligibility + Is Versa Cash for You?\">Eligibility + Is Versa Cash for You?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/nomoneylah.com\/2024\/04\/19\/versa-cash-review\/#Versa_Promo_Code_VERSANML4\" title=\"Versa Promo Code: VERSANML4\">Versa Promo Code: VERSANML4<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/nomoneylah.com\/2024\/04\/19\/versa-cash-review\/#How_to_open_a_Versa_Account\" title=\"How to open a Versa Account\">How to open a Versa Account<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/nomoneylah.com\/2024\/04\/19\/versa-cash-review\/#Versa_Cash_StashAway_Simple_or_KDI_save\" title=\"Versa Cash, StashAway Simple or KDI save?\">Versa Cash, StashAway Simple or KDI save?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/nomoneylah.com\/2024\/04\/19\/versa-cash-review\/#LIMITED-TIME_PROMO_Get_an_additional_1_pa_return_on_your_balance_on_Versa_Cash_OR_Cash-i_when_you_set_up_autodebit_feature_on_eligible_Versa_Invest_funds\" title=\"[LIMITED-TIME PROMO] Get an additional +1% p.a. return on your balance on Versa Cash OR Cash-i when you set up autodebit feature on eligible Versa Invest funds!\">[LIMITED-TIME PROMO] Get an additional +1% p.a. return on your balance on Versa Cash OR Cash-i when you set up autodebit feature on eligible Versa Invest funds!<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/nomoneylah.com\/2024\/04\/19\/versa-cash-review\/#No_Money_Lahs_Verdict\" title=\"No Money Lah\u2019s Verdict \">No Money Lah\u2019s Verdict <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/nomoneylah.com\/2024\/04\/19\/versa-cash-review\/#Disclaimers\" title=\"Disclaimers\">Disclaimers<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\" id=\"h-highlights-of-versa-cash-amp-versa-cash-i\"><span class=\"ez-toc-section\" id=\"Highlights_of_Versa_Cash_Versa_Cash-i\"><\/span><span class=\"font-555555\"><strong>Highlights of Versa Cash<\/strong><\/span> &amp; Versa Cash-i<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><span class=\"font-500830\">Introduced in 2021 and 2023 respectively, Versa Cash &amp; Versa Cash-i are digital cash management services that provide users competitive returns like FD, but without the troublesome restrictions:<\/span><\/p>\n\n\n\n<ul>\n<li><span class=\"font-500830\"><strong>Regulated:<\/strong> Versa is regulated by the Securities Commission (SC) of Malaysia.<\/span><\/li>\n<\/ul>\n\n\n\n<div style=\"height:1px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul>\n<li><strong>Conventional &amp; Shariah-compliant version<\/strong>: Versa Cash is a conventional fund, while Versa Cash-i is a Shariah-compliant fund.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:1px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul>\n<li><span class=\"font-500830\"><strong>Competitive Return:<\/strong> Through Versa Cash and Cash-i, users can <strong>earn a base net return between 3.24% &#8211; 3.69% <\/strong>per annum, which is on par with the rates of Fixed Deposit (FD).<\/span><\/li>\n<\/ul>\n\n\n\n<div style=\"height:1px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul>\n<li><span class=\"font-500830\"><strong>Low Risk:<\/strong> The underlying funds of Versa Cash and Cash-i are <strong>money market funds<\/strong> from AHAM Capital (formerly known as Affin Hwang). These funds invest users\u2019 money in highly liquid &amp; low-risk cash instruments.<\/span><\/li>\n<\/ul>\n\n\n\n<div style=\"height:1px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul>\n<li><span class=\"font-500830\"><strong>Flexible &amp; Low Barrier of Entry:<\/strong> Malaysians aged 18 and above can start saving or investing via Versa from as low as RM1. Withdraw anytime without being charged penalty fees.<\/span><\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><a href=\"https:\/\/download.versa.com.my\/1bAf\/VersaNML\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" width=\"1024\" height=\"418\" src=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2024\/04\/Versa-Save-1024x418.jpg\" alt=\"\" class=\"wp-image-75593\" style=\"width:871px;height:auto\" srcset=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2024\/04\/Versa-Save-1024x418.jpg 1024w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2024\/04\/Versa-Save-300x122.jpg 300w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2024\/04\/Versa-Save-768x314.jpg 768w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2024\/04\/Versa-Save-350x143.jpg 350w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2024\/04\/Versa-Save.jpg 1374w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><figcaption class=\"wp-element-caption\">Versa Cash and Versa Cash-i provide competitive returns on par to FD.<\/figcaption><\/figure><\/div>\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-do-versa-cash-amp-versa-cash-i-work\"><span class=\"ez-toc-section\" id=\"How_do_Versa_Cash_Versa_Cash-i_work\"><\/span><span class=\"font-555555\"><strong>How do Versa Cash &amp; Versa Cash-i work?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><span class=\"font-500830\">So, how exactly are Versa Cash and Cash-i able to deliver returns that are on par with FD?<\/span><\/p>\n\n\n\n<p><span class=\"font-500830\"><strong>This is possible because Versa helps invest users\u2019 cash into money market funds (MMF). MMFs are funds that invest in Fixed Deposits and highly liquid, short-term cash equivalent instruments called Money Market Instruments<\/strong><\/span>:<\/p>\n\n\n\n<ul>\n<li><span class=\"font-500830\">Essentially, Money Market Instruments are <em>short-term debts issued by banks<\/em> to accumulate short-term cash-pile to make up for the shortfall in their daily deposit reserve. <\/span><\/li>\n<\/ul>\n\n\n\n<ul>\n<li><span class=\"font-500830\">Simply put, MMFs are lending money to banks when they buy these Money Market Instruments. &nbsp;<\/span><\/li>\n<\/ul>\n\n\n\n<p><span class=\"font-500830\"><strong>These instruments are relatively low-risk as they are backed by the banks. <\/strong>Moreover, they are highly liquid with short maturity periods. Regular redemption of matured Money Market Instruments allows MMF to provide a similar rate to FDs without having to lock up users\u2019 capital.<\/span><\/p>\n\n\n\n<p><span class=\"font-500830\">For Versa Cash &amp; Cash-i, the underlying MMFs that they invest in respectively are:<\/span><\/p>\n\n\n\n<ul>\n<li><span class=\"font-500830\"><strong>Versa Cash:<\/strong> <a href=\"https:\/\/aham.com.my\/invest-with-us\/list-of-funds\/details?q=EDFHCF\" target=\"_blank\" rel=\"noreferrer noopener\">AHAM Enhanced Deposit Fund<\/a> by <\/span>AHAM Capital Asset Management (formerly Affin Hwang)<\/li>\n<\/ul>\n\n\n\n<div style=\"height:1px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul>\n<li><strong>Versa Cash-i:<\/strong> <a href=\"https:\/\/aham.com.my\/invest-with-us\/list-of-funds\/details?q=AEIPHIF\" target=\"_blank\" rel=\"noreferrer noopener\">AHAM Aiiman Enhanced i-Profit Fund<\/a> <span class=\"font-500830\">by AHAM Capital Asset Management<\/span><\/li>\n<\/ul>\n\n\n\n<p><span class=\"font-500830\">In short, through Versa Cash and Cash-i, you can earn a similar rate to FD through low-risk MMF without having to lock up your funds, unlike conventional FDs. <\/span><\/p>\n\n\n\n<p><span class=\"font-500830\"><strong>It is a great choice if you are looking for a competitive and flexible alternative to FDs.<\/strong><\/span><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><a href=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2021\/06\/Versa-Homepage.png\"><img decoding=\"async\" width=\"1024\" height=\"548\" src=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2021\/06\/Versa-Homepage-1024x548.png\" alt=\"Versa Homepage\" class=\"wp-image-71195\" srcset=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2021\/06\/Versa-Homepage-1024x548.png 1024w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2021\/06\/Versa-Homepage-300x161.png 300w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2021\/06\/Versa-Homepage-768x411.png 768w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2021\/06\/Versa-Homepage.png 1235w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><figcaption class=\"wp-element-caption\">Versa Cash and Cash-i provide competitive returns on par with FDs. (Source: Versa&#8217;s website)<\/figcaption><\/figure><\/div>\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-is-versa-cash-safe-to-use\"><span class=\"ez-toc-section\" id=\"Is_Versa_Cash_Safe_to_Use\"><\/span><span class=\"font-555555\"><strong>Is Versa Cash Safe to Use?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><span class=\"font-500830\"><strong>When it comes to regulation, Versa is regulated by the <a href=\"https:\/\/support.versa.com.my\/hc\/en-us\/articles\/1500002427481-Is-Versa-safe-and-licensed-in-Malaysia-\" target=\"_blank\" rel=\"noopener\">Securities Commission (SC) of Malaysia<\/a>.<\/strong> This ensures that Versa is always operating in Malaysia as per the guidelines from the local authority.&nbsp;<\/span><\/p>\n\n\n\n<p><span class=\"font-500830\"><strong>As for the safety of funds, the cash deposits from users are held by a third party (trustee), which is HSBC (Malaysia) Trustee.<\/strong> <\/span><\/p>\n\n\n\n<p><span class=\"font-500830\">In other words, your deposits to Versa are separate from Versa\u2019s company finances. As such, this ensures no deposits can be used for fraudulent purposes and you will always have full access and claim to them no matter what happens to Versa.<\/span><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-versa-cash-fees-amp-charges\"><span class=\"ez-toc-section\" id=\"Versa_Cash_Fees_Charges\"><\/span><span class=\"font-555555\"><strong>Versa Cash Fees &amp; Charges<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><span class=\"font-500830\"><strong>As a digital cash management platform, Versa Cash and Cash-i <em>do not<\/em> charge a fee to users.<\/strong> That said, both underlying MMFs do charge reasonable annual fees, as shown below:<\/span><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th><\/th><th>Versa Cash (% per annum)<\/th><th>Versa Cash-i (% per annum)<\/th><\/tr><\/thead><tbody><tr><td>Management fee per annum<\/td><td><p style=\"text-align: center;\">-0.30%<\/p><\/td><td><p style=\"text-align: center;\">-0.30%<\/p><\/td><\/tr><tr><td>Trustee fee per annum<\/td><td><p style=\"text-align: center;\">-0.05%<\/p><\/td><td><p style=\"text-align: center;\">-0.05%<\/p><\/td><\/tr><tr><td>Base net return per annum (AFTER fees)<\/td><td><p style=\"text-align: center;\">3.69%<\/p><\/td><td><p style=\"text-align: center;\">3.24%<\/p><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"has-text-align-left\"><span class=\"font-500830\">Next question: Are there any fees on fund withdrawal via Versa?<\/span><\/p>\n\n\n\n<p><span class=\"font-500830\"><strong>Unlike FDs, there are no charges when you withdraw your funds from Versa.<\/strong> Withdrawals are expected to be reflected:<\/span><\/p>\n\n\n\n<ul>\n<li><strong>Versa Cash: Within 1 business day if withdrawal is done before 3pm<\/strong><\/li>\n<\/ul>\n\n\n\n<ul>\n<li><strong>Versa Cash-i: Within the same day if withdrawal is done before 10am<\/strong><\/li>\n<\/ul>\n\n\n\n<p><span class=\"font-500830\">At this point, perhaps a question that you have in mind is <em>\u201cSo how does Versa make money?\u201d<\/em>. <\/span><\/p>\n\n\n\n<p><strong><span class=\"font-500830\">Aside from Versa Cash and Versa Cash-i (which is free to use), Versa also offers investment services via <a href=\"https:\/\/nomoneylah.com\/2022\/05\/30\/versa-invest-review\/\" target=\"_blank\" rel=\"noopener\">Versa Invest<\/a>. Through Versa Invest, Versa will charge a small management fee which is their key income source.&nbsp;<\/span><\/strong><\/p>\n\n\n\n<p><strong><span class=\"font-555555\">READ MORE: <a href=\"https:\/\/nomoneylah.com\/2022\/05\/30\/versa-invest-review\/\" target=\"_blank\" rel=\"noopener\">Versa Invest Review<\/a><\/span><\/strong><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-3-things-i-like-about-versa-cash-amp-versa-cash-i\"><span class=\"ez-toc-section\" id=\"3_things_I_like_about_Versa_Cash_Versa_Cash-i\"><\/span><span class=\"font-555555\"><strong>3 things I like about Versa Cash<\/strong><\/span> &amp; Versa Cash-i<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-1-performance-on-par-with-conventional-fixed-deposits-fds\"><span class=\"font-500830\"><strong>#1 Performance on par with conventional Fixed Deposits (FDs)<\/strong><\/span><\/h3>\n\n\n\n<p><span class=\"font-500830\">Through Versa Cash and Cash-i, interests are compounded daily and interest payout is made every month, which is re-invested into the user\u2019s fund.<\/span><\/p>\n\n\n\n<p><span class=\"font-500830\"><strong>All of this combined, Versa Cash and Cash-i offer a base net return of 3.69% and 3.24% return per annum (AFTER fees) for users<\/strong><\/span>, as of December 2023.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2024\/01\/image-13.png\"><img decoding=\"async\" width=\"1024\" height=\"537\" src=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2024\/01\/image-13-1024x537.png\" alt=\"Versa Cash and Versa Cash-i returns\" class=\"wp-image-75276\" srcset=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2024\/01\/image-13-1024x537.png 1024w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2024\/01\/image-13-300x157.png 300w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2024\/01\/image-13-768x403.png 768w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2024\/01\/image-13-350x184.png 350w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2024\/01\/image-13.png 1332w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><figcaption class=\"wp-element-caption\">*Returns as of Dec 2023 (please refer to Versa&#8217;s app for the latest base return figure)<\/figcaption><\/figure>\n\n\n\n<div style=\"height:2px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-2-flexible-amp-low-barrier-of-entry\"><span class=\"font-500830\"><strong>#2 Flexible &amp; Low barrier of entry <\/strong><\/span><\/h3>\n\n\n\n<p><span class=\"font-500830\">2 amazing features of Versa Cash and Cash-i are:<\/span><\/p>\n\n\n\n<ol>\n<li><span class=\"font-500830\"><strong>Low barrier of entry: You can start <a title=\"\" class=\"aalmanual\" href=\"https:\/\/nomoneylah.com\/2019\/01\/10\/5-differences-between-investing-trading-that-experts-may-not-tell-you\/\">investing<\/a> or saving with Versa from as low as RM1.<\/strong> Even better, using my exclusive referral code <a href=\"https:\/\/download.versa.com.my\/1bAf\/VersaNML\" target=\"_blank\" rel=\"noopener\"><strong>VERSANML4<\/strong><\/a>, you can get RM10 credited into your Versa account when you make a minimum deposit of RM100!<br><span style=\"color: #ffffff;\">p<\/span><\/span><\/li>\n\n\n\n<li><span class=\"font-500830\"><strong>Flexible: There are no charges to open a Versa account.<\/strong> In addition, you can withdraw your funds <em>anytime<\/em> and there are <em>no fees<\/em> for withdrawal.<\/span><\/li>\n<\/ol>\n\n\n\n<p><span class=\"font-500830\">Combined, both these features make a compelling edge against conventional FDs. Reason being, FDs usually have higher minimum deposits &amp; they tend to lock in users for a period of time (and charge a penalty for early withdrawals).<\/span><\/p>\n\n\n\n<div style=\"height:2px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-3-simple-amp-clean-user-experience-suitable-even-for-my-retired-mom\"><span class=\"font-500830\"><strong>#3 Simple &amp; clean user experience (suitable even for my retired mom!)<\/strong><\/span><\/h3>\n\n\n\n<p><span class=\"font-500830\">Perhaps my favorite experience with Versa is their simple and clean user interface.<\/span><\/p>\n\n\n\n<p><span class=\"font-500830\"><strong>As a simple financial platform, I enjoy the design of the app that clearly shows the capital invested and payout. <\/strong><\/span><\/p>\n\n\n\n<p><span class=\"font-500830\">In fact, when my retired mom was looking for a better FD alternative to save her idle cash, I recommended Versa Cash without hesitation. This is because I know she can navigate the app with clarity &amp; confidence.<\/span><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><a href=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2021\/06\/Versa-UI-2.png\"><img decoding=\"async\" width=\"405\" height=\"605\" src=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2021\/06\/Versa-UI-2.png\" alt=\"Versa UI 2\" class=\"wp-image-71199\" srcset=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2021\/06\/Versa-UI-2.png 405w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2021\/06\/Versa-UI-2-201x300.png 201w\" sizes=\"(max-width: 405px) 100vw, 405px\" \/><\/a><figcaption class=\"wp-element-caption\">Versa provides a simple and intuitive user experience that anyone can understand easily.<\/figcaption><\/figure><\/div>\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-risks-what-you-need-to-know-before-investing-in-versa-cash-amp-cash-i\"><span class=\"ez-toc-section\" id=\"Risks_What_You_Need_to_Know_Before_Investing_in_Versa_Cash_Cash-i\"><\/span><span class=\"font-555555\"><strong>Risks + What You Need to Know Before Investing in Versa Cash<\/strong><\/span> &amp; Cash-i<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><span class=\"font-500830\">In this part, let\u2019s look at 3 things that you need to be aware of while investing your money with Versa Cash and Versa Cash-i:<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-1-market-risk\"><strong>#1 Market risk <\/strong><\/h3>\n\n\n\n<p><span class=\"font-500830\">While being a relatively stable investment, investing in Money Market Fund (MMF) via Versa still presents exposure to market risk.<\/span><\/p>\n\n\n\n<p><span class=\"font-500830\"><strong>One such risk is the fluctuation in interest rates<\/strong><\/span>. As an example, if Bank Negara Malaysia (BNM) increases interest rates, MMF is likely going to generate higher returns. On the flip side, if BNM reduces interest rates<span class=\"font-500830\">, it\u2019ll also affect the returns of MMF as a result.&nbsp;<\/span><\/p>\n\n\n\n<div style=\"height:1px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-2-not-protected-by-pidm\">#2 <strong style=\"font-family: &quot;Libre Baskerville&quot;; font-size: revert;\">Not protected by PIDM<\/strong> <\/h3>\n\n\n\n<p><span class=\"font-500830\">While investing in Versa, it is important to remember that your fund is not protected by Perbadanan Insurans Deposit Malaysia (PIDM).<\/span><\/p>\n\n\n\n<p><span class=\"font-500830\">PIDM is an organization that protects deposits kept in banks and financial institutions that are a member of PIDM. Conventional bank FDs are usually protected by PIDM.<\/span><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-eligibility-is-versa-cash-for-you\"><span class=\"ez-toc-section\" id=\"Eligibility_Is_Versa_Cash_for_You\"><\/span><span class=\"font-555555\"><strong>Eligibility + Is Versa Cash for You?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><span class=\"font-500830\"><strong>Versa is open to Malaysian citizens who are 18 years old and above with an NRIC\/MyKad.<\/strong> This means that even young Malaysian adults can start building good financial habits by saving\/investing from their phones \u2013 neat!<\/span><\/p>\n\n\n\n<p><span class=\"font-500830\">That said, are Versa Cash and Cash-i for you?<\/span><\/p>\n\n\n\n<p><span class=\"font-500830\">To answer this question, it is best to first know <u>what Versa Cash and Cash-i are NOT<\/u>:<\/span><\/p>\n\n\n\n<ul>\n<li><span class=\"font-500830\">Versa Cash and Cash-i <em>do not<\/em> invest in stocks\/equities (ie. Higher risk assets). Hence, do not expect mutual fund\/robo-advisors-like returns. <\/span><\/li>\n<\/ul>\n\n\n\n<div style=\"height:1px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul>\n<li><span class=\"font-500830\">Versa Cash and Cash-i <em>do not<\/em> guarantee returns. Even though it invests in low-risk MMF, returns are still subjected to market fluctuation.<\/span><\/li>\n<\/ul>\n\n\n\n<p><strong><span class=\"font-500830\">Hence, in my opinion, Versa Cash and Cash-i are great for:<\/span><\/strong><\/p>\n\n\n\n<ol>\n<li><strong><span class=\"font-500830\">People looking for a <em>flexible<\/em> alternative to FD &amp; typical savings account for general savings<\/span><\/strong><\/li>\n\n\n\n<li><strong><span class=\"font-500830\">People looking to save for a specific goal (eg. house, car, wedding)<\/span><\/strong><\/li>\n\n\n\n<li><strong><span class=\"font-500830\">People with extra cash and want to save it for the short-term<\/span><\/strong><\/li>\n<\/ol>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-versa-promo-code-versanml4\"><span class=\"ez-toc-section\" id=\"Versa_Promo_Code_VERSANML4\"><\/span><span class=\"font-555555\"><strong>Versa Promo Code: VERSANML4<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><span class=\"font-500830\">In collaboration with Versa, No Money Lah is bringing an exclusive deal for new users that are keen to start saving or investing with Versa!<\/span><\/p>\n\n\n\n<p><span class=\"font-500830\">Use my dedicated Versa referral code \u2013 <strong>VERSANML4<\/strong><\/span><span class=\"font-500830\">, and you will get RM10 credited into your account* when you successfully make a minimum deposit of RM100 or more. That\u2019s an instant 10% return on your investment.<\/span><\/p>\n\n\n\n<p class=\"has-text-align-center\"><a class=\"wp-block-button__link has-text-color has-very-dark-gray-color has-background\" style=\"background-color: #ff9900; border-radius: 16px;\" href=\"https:\/\/download.versa.com.my\/1bAf\/VersaNML\" target=\"_blank\" rel=\"https:\/\/www.stashaway.my\/ref\/no-money-lah-DQgMBA0JCw4FCgAEBA4ICA noopener\"><strong><span class=\"has-inline-color\" style=\"color: #ffffff;\">Open a Versa account today!<\/span><\/strong><\/a><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter is-resized\"><a href=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2023\/04\/Versa-Invest-Infograph-CTA-Versa-Cash-i-post.jpg\"><img decoding=\"async\" width=\"1080\" height=\"1350\" src=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2023\/04\/Versa-Invest-Infograph-CTA-Versa-Cash-i-post.jpg\" alt=\"Versa Promo Code - VERSANML4\" class=\"wp-image-74584\" style=\"width:487px;height:auto\" srcset=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2023\/04\/Versa-Invest-Infograph-CTA-Versa-Cash-i-post.jpg 1080w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2023\/04\/Versa-Invest-Infograph-CTA-Versa-Cash-i-post-240x300.jpg 240w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2023\/04\/Versa-Invest-Infograph-CTA-Versa-Cash-i-post-819x1024.jpg 819w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2023\/04\/Versa-Invest-Infograph-CTA-Versa-Cash-i-post-768x960.jpg 768w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2023\/04\/Versa-Invest-Infograph-CTA-Versa-Cash-i-post-350x438.jpg 350w\" sizes=\"(max-width: 1080px) 100vw, 1080px\" \/><\/a><\/figure><\/div>\n\n\n<p><span style=\"color: #ffffff;\"><\/span><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-to-open-a-versa-account\"><span class=\"ez-toc-section\" id=\"How_to_open_a_Versa_Account\"><\/span><span class=\"font-555555\"><strong style=\"font-family: Poppins;\">How to open a Versa Account<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><span class=\"font-500830\"><strong>Creating a Versa account is simple and straightforward:<\/strong><\/span><\/p>\n\n\n\n<p><span class=\"font-500830\"><strong>Step 1: Click <\/strong><a href=\"https:\/\/download.versa.com.my\/1bAf\/VersaNML\" target=\"_blank\" rel=\"noopener\">HERE<\/a><strong> to install the Versa app. <\/strong><\/span><\/p>\n\n\n\n<p><span class=\"font-500830\">Remember to apply referral code &#8216;<strong>VERSANML4<\/strong>&#8216; for an exclusive RM10 account-opening reward!<\/span><\/p>\n\n\n\n<p class=\"has-text-align-center\"><a class=\"wp-block-button__link has-text-color has-very-dark-gray-color has-background\" style=\"background-color: #ff9900; border-radius: 16px;\" href=\"https:\/\/download.versa.com.my\/1bAf\/VersaNML\" target=\"_blank\" rel=\"https:\/\/www.stashaway.my\/ref\/no-money-lah-DQgMBA0JCw4FCgAEBA4ICA noopener\"><strong><span class=\"has-inline-color\" style=\"color: #ffffff;\">Open a Versa account today!<\/span><\/strong><\/a><\/p>\n\n\n\n<p><span class=\"font-500830\"><strong>Step 2: Start your account opening process <\/strong>by keying in the necessary details such as a new display name, email address, and password.&nbsp;<\/span><\/p>\n\n\n<div class=\"wp-block-image wp-image-71193\">\n<figure class=\"aligncenter\"><img decoding=\"async\" width=\"354\" height=\"674\" src=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2021\/06\/131508191_258048056119235_8015897931802704622_n.jpg\" alt=\"Versa Account opening \" class=\"wp-image-71193\" srcset=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2021\/06\/131508191_258048056119235_8015897931802704622_n.jpg 354w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2021\/06\/131508191_258048056119235_8015897931802704622_n-158x300.jpg 158w\" sizes=\"(max-width: 354px) 100vw, 354px\" \/><figcaption class=\"wp-element-caption\">Versa Account Opening process is simple &amp; straightforward<\/figcaption><\/figure><\/div>\n\n\n<p><span class=\"font-500830\"><strong>Step 3: You\u2019ll go through a simple identification process where you\u2019ll be asked to verify your mobile number, IC, and personal details. <\/strong>This is a required process by the regulators to make sure it\u2019s the real you that\u2019s opening an account.<\/span><\/p>\n\n\n\n<div style=\"height:1px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><span class=\"font-500830\"><strong>Step 4: It\u2019ll take about 2-3 business days to verify your account. <\/strong>Once that\u2019s done, you can start investing in Versa by making your first deposit! <\/span><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><a href=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2021\/06\/197091310_202487295079012_4044238673636587429_n.jpg\"><img decoding=\"async\" width=\"355\" height=\"660\" src=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2021\/06\/197091310_202487295079012_4044238673636587429_n.jpg\" alt=\"Versa Deposit\" class=\"wp-image-71194\" srcset=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2021\/06\/197091310_202487295079012_4044238673636587429_n.jpg 355w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2021\/06\/197091310_202487295079012_4044238673636587429_n-161x300.jpg 161w\" sizes=\"(max-width: 355px) 100vw, 355px\" \/><\/a><figcaption class=\"wp-element-caption\">Once your account has been verified, you can start depositing funds to Versa!<\/figcaption><\/figure><\/div>\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-versa-cash-stashaway-simple-or-kdi-save\"><span class=\"ez-toc-section\" id=\"Versa_Cash_StashAway_Simple_or_KDI_save\"><\/span><span class=\"font-555555\">Versa Cash, StashAway Simple or KDI save?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><span class=\"font-500830\"><strong>In terms of offering, Versa Cash and Cash-i\u2019s closest competitor is certainly KDI Save and <a href=\"https:\/\/nomoneylah.com\/2021\/07\/08\/stashaway-simple-review\/\" target=\"_blank\" rel=\"noopener\">StashAway Simple<\/a>.<\/strong> Both offer users flexible and low-barrier access to MMF that pays competitive FD-like rates.<\/span><\/p>\n\n\n\n<p><span class=\"font-500830\">I think this comparison deserves a full article on its own so <strong><a href=\"https:\/\/nomoneylah.com\/2021\/07\/09\/best-fixed-deposit-alternatives\/\" target=\"_blank\" rel=\"noopener\">I\u2019ll attach a link HERE<\/a><\/strong> when I come out with a comparison article real soon!&nbsp;<\/span><\/p>\n\n\n\n<p><span class=\"font-500830\">Personally, I use both Versa, KDI Save, and StashAway Simple to save for different purposes and I am happy with them as an alternative to FD (I think you will, too!).<\/span><\/p>\n\n\n\n<p><span class=\"font-555555\"><strong>READ: <a href=\"https:\/\/nomoneylah.com\/2021\/07\/09\/best-fixed-deposit-alternatives\/\" target=\"_blank\" rel=\"noopener\">The Ultimate FD-Killer Showdown: StashAway Simple vs Versa vs KDI Save vs TNG GOinvest<\/a><\/strong><\/span><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\"\/>\n\n\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<h2 class=\"wp-block-heading\" id=\"h-limited-time-promo-get-an-additional-1-p-a-return-on-your-balance-on-versa-cash-or-cash-i-when-you-set-up-autodebit-feature-on-eligible-versa-invest-funds\"><span class=\"ez-toc-section\" id=\"LIMITED-TIME_PROMO_Get_an_additional_1_pa_return_on_your_balance_on_Versa_Cash_OR_Cash-i_when_you_set_up_autodebit_feature_on_eligible_Versa_Invest_funds\"><\/span><span class=\"font-555555\">[LIMITED-TIME PROMO] Get an additional +1% p.a. return on your balance on Versa Cash OR Cash-i<\/span> when you set up autodebit feature on eligible Versa Invest funds!<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Starting May 2024*, Versa&#8217;s new Money Booster Campaign will enable you to earn potentially higher returns on your cash! <em>(*Subject to successful auto debit set up by 25 April 2024, 3pm.)<\/em><\/p>\n\n\n\n<p><strong>Set up Auto-Debit feature on eligible Versa Invest Funds, and enjoy the Base Nett Return + 1% p.a. booster reward on your balance in Versa Cash or Cash-i!<\/strong><\/p>\n\n\n\n<p>Example: Using March 2024\u2019s base nett return rate, your returns could look like 3.77% p.a. + 1% p.a. = 4.77% p.a.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><a href=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2024\/04\/Versa-Save-2024-Promo-pg1.jpg\"><img decoding=\"async\" width=\"819\" height=\"1024\" src=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2024\/04\/Versa-Save-2024-Promo-pg1-819x1024.jpg\" alt=\"Versa-Save-2024-Promo-pg1\" class=\"wp-image-75596\" style=\"width:467px;height:auto\" srcset=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2024\/04\/Versa-Save-2024-Promo-pg1-819x1024.jpg 819w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2024\/04\/Versa-Save-2024-Promo-pg1-240x300.jpg 240w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2024\/04\/Versa-Save-2024-Promo-pg1-768x960.jpg 768w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2024\/04\/Versa-Save-2024-Promo-pg1-350x438.jpg 350w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2024\/04\/Versa-Save-2024-Promo-pg1.jpg 1080w\" sizes=\"(max-width: 819px) 100vw, 819px\" \/><\/a><\/figure><\/div>\n\n\n<h4 class=\"wp-block-heading\" id=\"h-how-it-works\">How it works:<\/h4>\n\n\n\n<ol>\n<li>Set up an auto debit plan into any Versa Invest funds (except for Versa <a title=\"\" class=\"aalmanual\" href=\"https:\/\/nomoneylah.com\/2019\/11\/22\/gold-investment\/\">Gold<\/a>)<\/li>\n\n\n\n<li>Auto debit plan of<strong>\u00a0min. RM200<\/strong>\u00a0per month: +1% p.a. for your<strong>\u00a0first RM10,000<\/strong>\u00a0available balance in Versa Cash or Versa Cash-i or<\/li>\n\n\n\n<li>Auto debit plan of<strong>\u00a0min. RM500<\/strong>\u00a0per month: +1% p.a. for your\u00a0<strong>first RM30,000<\/strong>\u00a0available balance in Versa Cash or Versa Cash-i.\u00a0<\/li>\n\n\n\n<li>Eligible Versa Invest Funds:\n<ul>\n<li>\u00a0Versa Global-i,<\/li>\n\n\n\n<li>\u00a0Versa SGD,<\/li>\n\n\n\n<li>\u00a0Versa Growth,<\/li>\n\n\n\n<li>\u00a0Versa Growth-i,<\/li>\n\n\n\n<li>\u00a0Versa Moderate,<\/li>\n\n\n\n<li>\u00a0Versa Moderate-i and<\/li>\n\n\n\n<li>\u00a0Versa <a title=\"\" class=\"aalmanual\" href=\"https:\/\/nomoneylah.com\/2019\/08\/06\/introduction-reits\/\">REITs<\/a>.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>Refer to the <a href=\"https:\/\/versa.com.my\/boost-your-money-with-1-p-a-returns-in-versa-save\/\" target=\"_blank\" rel=\"noreferrer noopener\">full T&amp;C<\/a> for more info.<\/li>\n<\/ol>\n\n\n\n<p><strong>I think this is GREAT news if you are looking for a higher rate for your savings! Remember, there is no lock-in period for Versa Cash and you are free to withdraw your funds anytime!<\/strong><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><img decoding=\"async\" width=\"819\" height=\"1024\" src=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2024\/04\/Versa-Save-2024-Promo-pg2-819x1024.jpg\" alt=\"Versa-Save-2024-Promo\" class=\"wp-image-75595\" style=\"width:494px;height:auto\" srcset=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2024\/04\/Versa-Save-2024-Promo-pg2-819x1024.jpg 819w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2024\/04\/Versa-Save-2024-Promo-pg2-240x300.jpg 240w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2024\/04\/Versa-Save-2024-Promo-pg2-768x960.jpg 768w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2024\/04\/Versa-Save-2024-Promo-pg2-350x438.jpg 350w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2024\/04\/Versa-Save-2024-Promo-pg2.jpg 1080w\" sizes=\"(max-width: 819px) 100vw, 819px\" \/><\/figure><\/div>\n\n\n<p class=\"has-text-align-center\"><a class=\"wp-block-button__link has-text-color has-very-dark-gray-color has-background\" style=\"background-color: #ff9900; border-radius: 16px;\" href=\"https:\/\/download.versa.com.my\/1bAf\/VersaNML\" target=\"_blank\" rel=\"https:\/\/www.stashaway.my\/ref\/no-money-lah-DQgMBA0JCw4FCgAEBA4ICA noopener\"><strong><span class=\"has-inline-color\" style=\"color: #ffffff;\">Open a Versa account today!<\/span><\/strong><\/a><\/p>\n<\/div><\/div>\n<\/div><\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-no-money-lah-s-verdict\"><span class=\"ez-toc-section\" id=\"No_Money_Lahs_Verdict\"><\/span><span class=\"font-555555\"><strong>No Money Lah\u2019s Verdict <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><span class=\"font-500830\">So there you have it, my review on Versa Cash and Versa Cash-i! If you are looking for an FD alternative to invest\/save your cash, Versa is a platform that I can wholeheartedly recommend you to try.&nbsp;&nbsp;<\/span><\/p>\n\n\n\n<p><span class=\"font-500830\">Personally, I enjoyed using the platform and I think you will, too!&nbsp;<\/span><\/p>\n\n\n\n<p class=\"has-text-align-center\"><a class=\"wp-block-button__link has-text-color has-very-dark-gray-color has-background\" style=\"background-color: #ff9900; border-radius: 16px;\" href=\"https:\/\/download.versa.com.my\/1bAf\/VersaNML\" target=\"_blank\" rel=\"https:\/\/www.stashaway.my\/ref\/no-money-lah-DQgMBA0JCw4FCgAEBA4ICA noopener\"><strong><span class=\"has-inline-color\" style=\"color: #ffffff;\">Open a Versa account today!<\/span><\/strong><\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-disclaimers\"><span class=\"ez-toc-section\" id=\"Disclaimers\"><\/span><span class=\"font-555555\"><strong>Disclaimers<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><span class=\"font-555555\">Investment in a money market fund is not the same as placement in a deposit with a financial institution. There are risks involved and investors should consult a financial planner before making any investment decisions.<\/span><\/p>\n\n\n\n<p><span class=\"font-555555\">This post contains affiliate links\/code that afford No Money Lah a small amount of commission (and help support the blog) should you sign up through my affiliate link\/code.<\/span><\/p>\n\n\n\n<div style=\"height:2px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Fixed Deposit, or FD, has always been people\u2019s go-to way to save or deposit extra cash. The problem is, it [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":71205,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"no","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[341,347],"tags":[225,235,317,331,348,380,219,222],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.5 (Yoast SEO v22.5) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Versa Cash &amp; Cash-i Review: Great Alternatives to Fixed Deposit (FD)! - No Money Lah<\/title>\n<meta name=\"description\" content=\"Versa Cash is a digital cash management platform that provides users returns on-par FD, but without the troublesome restrictions. 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