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Post by Deleted on Apr 18, 2019 16:18:32 GMT
Hi guys,
Looks like rates have dropped, currently we have:
Rolling 3.2% 1 Year 4.5% 5 Year Income 5.7% most likely because of new money incoming (new ISA tax year), right?
When this will come back to usual, higher rates, can someone tell from experience? I am new to RS, only been there for few months, I'm moving my money here from Zopa, which is extremely dissapointing as of late.
You can look at rate trends for previous years within the market data link. I'd say July, but it's only a guess.
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aju
Member of DD Central
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Post by aju on Apr 18, 2019 17:44:12 GMT
Hi guys,
Looks like rates have dropped, currently we have:
Rolling 3.2% 1 Year 4.5% 5 Year Income 5.7% most likely because of new money incoming (new ISA tax year), right?
When this will come back to usual, higher rates, can someone tell from experience? I am new to RS, only been there for few months, I'm moving my money here from Zopa, which is extremely dissapointing as of late.
#MeToo ... on the zopa front that is not that other #metoo malarkey. Whilst I agree one can look back at the past data but its not really too helpful I feel until we have got a few months behind us of the new monthly average cycle started recently by RS. Just looking at the rates for the last month or so they seem to be way more stable than say same periods last year. I am relatively new here too, but for me at the moment you have two or three choices 1. Take the MR and just sit back. 2. Set relend above the current wash of money and come in on a weekend looking at where rates are and move accordingly. 3. Just set your rate 1/2 points below the first >2M block. In 1 you will get rather low rates I feel - too low for me i'm afraid. In 2 you will need to gauge the rates and pick the best just below on say a sunday night and monday morning. In 3 you will probably notice that rates start to diminish but I have been getting 5.8% last week and 5.7% this week so far. My strategy at the moment but many on here would probably just wait a few months for the rates to improve. I am dealing with 5 year product but I'm guessing the process is similar for 1 year and rolling.
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ceejay
Posts: 971
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Post by ceejay on Apr 18, 2019 17:47:36 GMT
I'm not reinvesting at current rates - looking at last year, I didn't from roughly March till July.
I'll go elsewhere and come back in the summer. In the long run, it will give me a diversified portfolio at better rates.
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