gareot
Member of DD Central
Posts: 75
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Post by gareot on Sept 13, 2018 17:06:08 GMT
My only suggestion is that if you are setting a "blocking" rate, it is too high and not being accepted (ie. over10%, I believe) The notification of this is fairly insignificant, doesn't look like a warning and could easily be missed, but the consequence is the displayed and expected change is not effected. HtH All sorted.Next time I try to change the rate I must remember not put in the % sign after the figure Thanks for suggestions guys.
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Post by Please turn me over on Sept 13, 2018 17:28:55 GMT
My only suggestion is that if you are setting a "blocking" rate, it is too high and not being accepted (ie. over10%, I believe) The notification of this is fairly insignificant, doesn't look like a warning and could easily be missed, but the consequence is the displayed and expected change is not effected. HtH All sorted.Next time I try to change the rate I must remember not put in the % sign after the figure Thanks for suggestions guys. Mystery solved! Well done. I just did a test and any text in that box results in reversion to the previous setting, whether that's the market rate or your own specified rate.
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Post by df on Sept 18, 2018 21:01:16 GMT
I always thought that RS is far too complicated for lower interest paying p2p platform. Changes to Rolling product made it even more complicated. I used to like Rolling for its short term and flexibility, but now both incentives disappeared. Also confusing: I had one of my returns reinvested at 2.6% this morning and the interest went to Holding - on the evening of 5th Sept I've set rate at 4.2% and reinvest both, capital and interest, back to Rolling.
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TheDriver
Member of DD Central
Slightly bonkers
Posts: 493
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Post by TheDriver on Sept 24, 2018 7:27:45 GMT
I always thought that RS is far too complicated for lower interest paying p2p platform. Changes to Rolling product made it even more complicated. I used to like Rolling for its short term and flexibility, but now both incentives disappeared. Also confusing: I had one of my returns reinvested at 2.6% this morning and the interest went to Holding - on the evening of 5th Sept I've set rate at 4.2% and reinvest both, capital and interest, back to Rolling. May be too obvious, but have you checked the modified settings were effected? - ie go to the reinvestment page and see what the settings are. Meanwhile, I'm liking the 4.9% I snagged on Rolling yesterday, reallocating funds from 1 year that were stalled at that rate!
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Post by df on Sept 24, 2018 9:01:27 GMT
I always thought that RS is far too complicated for lower interest paying p2p platform. Changes to Rolling product made it even more complicated. I used to like Rolling for its short term and flexibility, but now both incentives disappeared. Also confusing: I had one of my returns reinvested at 2.6% this morning and the interest went to Holding - on the evening of 5th Sept I've set rate at 4.2% and reinvest both, capital and interest, back to Rolling. May be too obvious, but have you checked the modified settings were effected? - ie go to the reinvestment page and see what the settings are. Meanwhile, I'm liking the 4.9% I snagged on Rolling yesterday, reallocating funds from 1 year that were stalled at that rate! Yes, my settings for Rolling are to reinvest capital and interest into Rolling at 4.2%.
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TheDriver
Member of DD Central
Slightly bonkers
Posts: 493
Likes: 190
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Post by TheDriver on Sept 24, 2018 11:43:46 GMT
May be too obvious, but have you checked the modified settings were effected? - ie go to the reinvestment page and see what the settings are. Meanwhile, I'm liking the 4.9% I snagged on Rolling yesterday, reallocating funds from 1 year that were stalled at that rate! Yes, my settings for Rolling are to reinvest capital and interest into Rolling at 4.2%. OK, the only other issue I had was that I didn't realise I had to set both my Everyday and IFISA accounts separately - before I did the second one I wondered why one of my repayments hadn't done what I expected! Otherwise I'm sure RS can sort it out. Hth
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Post by df on Sept 24, 2018 22:50:11 GMT
Yes, my settings for Rolling are to reinvest capital and interest into Rolling at 4.2%. OK, the only other issue I had was that I didn't realise I had to set both my Everyday and IFISA accounts separately - before I did the second one I wondered why one of my repayments hadn't done what I expected! Otherwise I'm sure RS can sort it out. Hth I hope they will do. I don't mind compulsory reinvestment of capital back into Rolling until my average drops down below 4% (then I will probably make a withdrawal), but the interest not being reinvested doesn't make sense.
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mickj
Member of DD Central
Posts: 433
Likes: 191
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Post by mickj on Sept 25, 2018 17:47:04 GMT
I have just sorted with help from Ratesetter much the same sort of problem. All my mistake for not noticing - I had under the reinvestment page, funds to move to 'holding' on repayment, as often as I tried to set a rate for these funds it would not stick or show on the 'my portfolio' page. Changing to a reinvestment option allowed my set rate to be accepted and show in the 'my portfolio' page.
I always had the 'Your reinvestment settings have been updated' alert even when no change was taking place, but not trusting I had to poke around until I found the obvious. Should have spotted it before but............
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rscal
Posts: 923
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Post by rscal on Oct 16, 2018 19:42:54 GMT
Sorry if I have missed this but was there a 'fix' to using the RYI feature NOT on the date immediately after a loan 'rolls' but one or more days after this so as to obviate the apparent loss of a day's interest on the cancelled loan?
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Post by deckard on Oct 21, 2018 18:17:25 GMT
Looking again at Ratesetter having been out for a while. Confused by what changes have been made to the Rolling market. Can I still, as I used to be able to, withdraw all capital and interest at the end of a month or not?
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Stonk
Stonking
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Post by Stonk on Oct 21, 2018 18:36:23 GMT
Looking again at Ratesetter having been out for a while. Confused by what changes have been made to the Rolling market. Can I still, as I used to be able to, withdraw all capital and interest at the end of a month or not?
No, but it's not the end of the world ...
You used to receive a full repayment at the end of the (usually) 1 month term, and you could choose what to do with it in full. This is no longer the case.
Now, most of the repayment is automatically re-lent (back to the same borrower). Consider it as though the borrower made a monthly repayment, but most of the principal is still lent out and you didn't see it. That's not how it looks in your transaction list, but that's what the overall effect is. In addition, subject to your settings, the interest component of the repayment may become an order on the market and end up being lent out too.
However, you still have good access to your money because at any time (not just on a repayment date), you can release any or all of your Rolling market money, including accrued interest, with no financial penalty. This is, as always, subject to there being lenders to take your place. There is a time penalty -- if you do release funds from Rolling, you will be unable to reinvest in the Rolling market for 14 days.
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TheDriver
Member of DD Central
Slightly bonkers
Posts: 493
Likes: 190
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Post by TheDriver on Oct 22, 2018 4:38:32 GMT
Looking again at Ratesetter having been out for a while. Confused by what changes have been made to the Rolling market. Can I still, as I used to be able to, withdraw all capital and interest at the end of a month or not? Nothing wrong with Stonk's explanation, except I'd say the answer is YES. It's just that the money doesn't automatically end up back in holding, it has to be RYI'd as described. But not much good if you're getting paid again 4 days later and want to reinvest!
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