Post by twr19 on May 1, 2019 11:44:57 GMT
I am confused by the change in Ratesetter policy last month concerning the repaid loans that now sit in the category Amount On Market and remain unmatched for days/weeks.
Prior to the change repaid loans were automatically re-invested quickly without any intervention by me. My funds in the 5-Year Income market are set to the Market Rate reinvestmet option.
I phoned Ratesetter for an explanation and was told something along the lines that during the previous 24 hours the going rate for re-investment did not quite trigger the Market Rate. What I was told did not make any sense. The advisor said that I was not the only person to raise this issue but she could only note is as feedback.
So, I have to frequently manually click Change next to Amount On Market, click Change again, and select the option to have the amount matched immediately.
Is there a better solution?
Prior to the change repaid loans were automatically re-invested quickly without any intervention by me. My funds in the 5-Year Income market are set to the Market Rate reinvestmet option.
I phoned Ratesetter for an explanation and was told something along the lines that during the previous 24 hours the going rate for re-investment did not quite trigger the Market Rate. What I was told did not make any sense. The advisor said that I was not the only person to raise this issue but she could only note is as feedback.
So, I have to frequently manually click Change next to Amount On Market, click Change again, and select the option to have the amount matched immediately.
Is there a better solution?
