TheDriver
Member of DD Central
Slightly bonkers
Posts: 493
Likes: 190
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Post by TheDriver on Sept 2, 2018 18:13:07 GMT
BTW, you can only set Rolling INTEREST repayments to holding, not capital, and it seems that rule will continue even when they re-introduce setting your own rate for re-investment (together with a ban on cancelling those offers?!?).
Good point TheDriver, that seems to make more sense in getting your re-investment money back, rather than taking whatever rate is currently on the market then having to cancel it the following day just to withdraw it. As usual, Ratesetter seem to throw a rule change grenade in the room and quickly run away. The issue from my PoV is that it means lots of ever-smaller loan contracts, whereas I'd rather aggregate them in Holding to a meaningful value which is worth managing, (say 20 contacts of a few £100) instead of hundreds of £20 contracts each worth 10p/month interest! Maybe the hidden agenda is to break down portfolios into small pieces which aren't worth managing, so low rates and high cash-drag proliferate?
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