jlend
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Post by jlend on Mar 12, 2018 12:57:35 GMT
For a limited time only you can earn an extra 1% p.a. gross target interest on any new lent funds across all of our accounts until 30th June 2018
Total lent funds at 11:59pm on 11th March: xxxxx
All lent funds above your initial snapshot figure invested before 11:59pm on 4th April 2018 will be eligible for the 1% p.a. target bonus.
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IFISAcava
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Post by IFISAcava on Mar 12, 2018 13:04:21 GMT
For a limited time only you can earn an extra 1% p.a. gross target interest on any new lent funds across all of our accounts until 30th June 2018 Total lent funds at 11:59pm on 11th March: xxxxx All lent funds above your initial snapshot figure invested before 11:59pm on 4th April 2018 will be eligible for the 1% p.a. target bonus. And then you realise you just transferred a five figure sum over the weekend. Bad timing. 😡
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oldgrumpy
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Post by oldgrumpy on Mar 12, 2018 13:04:34 GMT
Great. Just after I put several £K new money on the platform!  edit: IFISAcava SNAP!  |
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jayjay
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Post by jayjay on Mar 12, 2018 13:05:54 GMT
Does it not just mean that the QAA is effectively paying 4.75% on extra money for the duration? I find that quite attractive - ie this account has the highest percentage uplift and lowest risk. Or am I missing something?
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jlend
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Post by jlend on Mar 12, 2018 13:08:16 GMT
Ì was a bit surprised. I thought they might have too much money reading the press releases about the number of IFISAs they had opened and with the new tax year about to start.
They must have a strong pipeline of loans Ì assume
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oldgrumpy
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Post by oldgrumpy on Mar 12, 2018 13:10:11 GMT
Does it not just mean that the QAA is effectively paying 4.75% on extra money for the duration? I find that quite attractive - ie this account has the highest percentage uplift and lowest risk. Or am I missing something? Looks like it. Despite my moan upthread, I will be feeding the 2018-2019 IFISA on April 6th, so maybe I should withdraw all current QAA money, then put it back on AC later calling it new money.
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Mar 12, 2018 13:10:39 GMT
Still waiting for a resolution to the error with the last rate promotion.
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Post by crabbyoldgit on Mar 12, 2018 13:12:00 GMT
Interesting as in particular as I have just seen a loan withdrawn on M T as it had not filled , maybe the bottle neck for expansion in a peer to peer to company is now sourcing extra investor money , not new loan origin. A reversal of reducing rates please to attract new funds,😀 , my delusion feels good, reality, 😢, no chance.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Mar 12, 2018 13:12:28 GMT
Does it not just mean that the QAA is effectively paying 4.75% on extra money for the duration? I find that quite attractive - ie this account has the highest percentage uplift and lowest risk. Or am I missing something? Looks like it. Despite my moan upthread, I will be feeding the 2018-2019 IFISA on April 6th, so maybe I should withdraw all current QAA money, then put it back on AC later calling it new money. Think you'll find they've thought of that ... new money over & over balance yesterday 11.59pm
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Post by slumberingaccountant on Mar 12, 2018 13:17:20 GMT
i guess for those of us on max in the ISA ,its supposed to encourage us to transfer cash in now outside the ISA, and switch it on 6 April. Interesting tactic.
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oldgrumpy
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Post by oldgrumpy on Mar 12, 2018 13:18:54 GMT
ilmoro Oh yes. Never mind. Just whack in some more then withdraw if required after the promotion ends. Plenty of Ratesetter remnants becoming available. 
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Post by df on Mar 12, 2018 13:26:20 GMT
Does it not just mean that the QAA is effectively paying 4.75% on extra money for the duration? I find that quite attractive - ie this account has the highest percentage uplift and lowest risk. Or am I missing something? Yes, I think it is as simple as that. I'm thinking of parking some cash in 30-Day for the duration of this bonus. 5.25% for low risk sounds attractive.
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jonno
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nil satis nisi optimum
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Post by jonno on Mar 12, 2018 13:26:20 GMT
Yes attractive; except that my "snapshot " figure is significantly higher than my investment total 
I've queried it but they can't explain it at the moment.
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jlend
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Post by jlend on Mar 12, 2018 13:27:42 GMT
Let's hope they don't stop monitoring any of the loans 😀
Interest will be paid out of Assetz Capital's monitoring income.
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jlend
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Post by jlend on Mar 12, 2018 13:29:11 GMT
Yes attractive; except that my "snapshot " figure is significantly higher than my investment total
I've queried it but they can't explain it at the moment. Perhaps ask them to give you the difference in cash ?
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