benaj
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Post by benaj on Mar 15, 2019 11:17:27 GMT
Atm, I would rather withdraw and make it work hard on other opportunities instead of waiting for the rainbow.
Got 2% chunk repaid this morning.
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ashtondav
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Post by ashtondav on Mar 15, 2019 11:23:47 GMT
Since I struggle to get 6% anywhere other than the (more unpredictable) stock market I reinvest and lap up 6%+.
Quite happy with that...
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benaj
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Post by benaj on Jun 6, 2019 17:21:26 GMT
I pressed the withdraw button earlier for the early repayment. I can't believe the system is slow on RS, I withdrew the money before receiving the email about early repayment.
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Post by stevepn on Jun 8, 2019 13:43:04 GMT
With Ratesetter I tend to just re-invest any early repayments, the rates my not be high at the moment but it is better than the usual Building Societies.
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r00lish67
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Post by r00lish67 on Jun 8, 2019 18:49:58 GMT
With Ratesetter I tend to just re-invest any early repayments, the rates my not be high at the moment but it is better than the usual Building Societies.
For a reason. I dread to think of how many people are using Ratesetter like an easy access savings account.
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scc
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Post by scc on Jun 9, 2019 6:41:08 GMT
Early repayments are withdrawn unless I can meet my target rates on rolling, 1 year or 5 year market.
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benaj
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Post by benaj on Jun 9, 2019 7:29:23 GMT
With Ratesetter I tend to just re-invest any early repayments, the rates my not be high at the moment but it is better than the usual Building Societies.
For a reason. I dread to think of how many people are using Ratesetter like an easy access savings account. RS is not easy access account. The rolling account keeps "rolling" the capital. Also, RS does not process instant FPS withdrawal like high Street banks. Capital takes "time" to return to the holding account etc. The surprising bit: part of the your capital may be returned early Not really complaining here, just pointing out the difference.
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sd2
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Post by sd2 on Jun 21, 2019 11:53:58 GMT
Spend it on beer.
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Post by yorkman on Jun 21, 2019 12:42:01 GMT
Premium Bonds at the moment until rates increase.
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aju
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Post by aju on Jun 21, 2019 13:44:05 GMT
Premium Bonds at the moment until rates increase. what is the latest PB rate - last time I looked it was worse than the banks ...
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Post by df on Jun 21, 2019 14:01:13 GMT
Atm, I would rather withdraw and make it work hard on other opportunities instead of waiting for the rainbow. Got 2% chunk repaid this morning. I do the same. Withdraw and keep money in instant access 1.5% bank accounts and reinvest back in RS when the rates are good. It would be more efficient to put money into QAA for the same purpose, but I'm already overexposed on AC.
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benaj
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Post by benaj on Jun 21, 2019 14:08:09 GMT
Premium Bonds at the moment until rates increase. what is the latest PB rate - last time I looked it was worse than the banks … It's all the chance of feeling lucky. The Annual prize fund interest rate is 1.40%, not particularly great, but it gives the person a "fantastic" feeling when winning the prize. However, it's worth point out gambling on 1.4% prize interest on 50k bond for a year to win 2000% is not a bad idea at all.
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aju
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Post by aju on Jun 21, 2019 15:26:59 GMT
what is the latest PB rate - last time I looked it was worse than the banks … It's all the chance of feeling lucky. The Annual prize fund interest rate is 1.40%, not particularly great, but it gives the person a "fantastic" feeling when winning the prize. However, it's worth point out gambling on 1.4% prize interest on 50k bond for a year to win 2000% is not a big idea at all. So Marcus betters that, not by much but at least it's guaranteed for a year. Personally I put our spare money in a number of locations ranging from 5% down to the 1.49% of Marcus. To be fair the 5% (TSB) will soon be knocked back to 3% from July the other 5%'s are regsavers. Apart from the shares we have, that are really dividends rather than capital improvers, and the P2pP in Zopa/RS we are not gaming the system that much IMHO. We are slightly over exposed in P2P compared to the rest but cash is still king where we are concerned. Since our P2P is largely spare funds then we are happy to just reinvest - I do this on RS at the better weekend rates though.
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Post by carrdelling on Jun 21, 2019 19:47:18 GMT
Remember that premium bonds are tax free. For those who have maxed their ISA and interest allowances, premium bonds are much interesting that what they look like at first... Even if the real (median) interest expected is slightly lower than the 1.40% advertised.
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Post by oppsididitagain on Jun 22, 2019 9:59:32 GMT
PB aren't a good investment in a high inflation environment. but I guess there is always that chance you might win a million
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