When you make a deposit through Versa, Versa purchases units from Affin Hwang's Enhanced Deposit Fund (AHAM EDF) on user's behalf.
You will earn daily interest which is compounded once your deposit amount is reflected in your Versa available balance.
However, all the accumulated daily interest will only be credited into your Versa account every 2 weeks as a payout. During the payout, you will get your accumulated daily interest which will be reinvested into units in 2 business days.
So, if you consistently make deposits through Versa over the long term, your money is constantly being reinvested to generate more returns.
You may also earn from overnight interest if you deposit on a Friday after 2.30 pm (our cutoff time) or during weekends or long public holidays where the deposit is processed on the following business day.