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Post by bernythedolt on Oct 19, 2019 1:24:33 GMT
Thanks propman. I'd like to research Ratesetter's documentation on the subject... if only it existed!
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jcb208
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Post by jcb208 on Oct 20, 2019 9:00:26 GMT
This new rate system has completely perplexed me,why cant they leave things alone,anyway am I right that when I invest in the old 5 year rate there is still a 1.5% release fee as this was prompted to me so gave up and just withdrew the funds I had in the holding account for the first time in years
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r00lish67
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Post by r00lish67 on Oct 20, 2019 9:08:06 GMT
This new rate system has completely perplexed me,why cant they leave things alone,anyway am I right that when I invest in the old 5 year rate there is still a 1.5% release fee as this was prompted to me so gave up and just withdrew the funds I had in the holding account for the first time in years I believe you are right - nothing has changed with the fees for the old products, just their availability (or lack of) for anybody not already participating in them prior to the launch of the new products.
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Post by bernythedolt on Oct 21, 2019 13:01:14 GMT
This new rate system has completely perplexed me,why cant they leave things alone […] You're certainly not alone. Ratesetter didn't explain the new system very well at all. As for just leaving things alone, I find that applies to so many companies nowadays, they just have to tinker. It's almost as if somebody has to make a name for themselves by being seen to redesign things, even if it means destroying a winning formula. Sugar Puffs are a prime example, taste like soggy cardboard now so we no longer bother. How many redesigns of your utility bills and bank statements have you seen in the last few years, "because customers asked for something clearer"? Only to be redesigned again at further cost 12 months later... *falls off soapbox*
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pomma
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Post by pomma on Oct 22, 2019 10:06:02 GMT
This new rate system has completely perplexed me,why cant they leave things alone,anyway am I right that when I invest in the old 5 year rate there is still a 1.5% release fee as this was prompted to me so gave up and just withdrew the funds I had in the holding account for the first time in years Still no emails coming when money back in my holding account and today the market data for 1 year shows a queue of £276.0k for 5.8%, whereas the investing "set rate" shows 5.8% being at the front of the queue and likely to get matched qickly - which is right??
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Post by bernythedolt on Oct 22, 2019 11:52:54 GMT
Ditto no emails here.
The 1yr spiked today momentarily. I had a small match at 5.5%, but it's now back around 4.5%.
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jlend
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Post by jlend on Oct 22, 2019 12:02:30 GMT
Ditto no emails here. The 1yr spiked today momentarily. I had a small match at 5.5%, but it's now back around 4.5%. Same for me.
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Post by propman on Oct 22, 2019 13:25:46 GMT
Matched all offers up to 5.6% in 1 year, but was allowed to put another offer on and so am still in the game!
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pomma
Posts: 13
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Post by pomma on Oct 22, 2019 15:46:46 GMT
Ditto no emails here. The 1yr spiked today momentarily. I had a small match at 5.5%, but it's now back around 4.5%. Obviously a time lag in one of the indicators of rates and queue....not sure which one is most current though!
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r00lish67
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Post by r00lish67 on Oct 22, 2019 16:17:33 GMT
Matched all offers up to 5.6% in 1 year, but was allowed to put another offer on and so am still in the game! Meanwhile, no borrower offers whatsoever in the 5 year at present. Wish I'd stuck a tenner in 1 year before the changes now!
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coogaruk
Hello everyone! Anyone remember me?
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Post by coogaruk on Oct 23, 2019 14:55:25 GMT
Ditto no emails here. The 1yr spiked today momentarily. I had a small match at 5.5% Me too.
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benaj
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Post by benaj on Oct 25, 2019 7:09:01 GMT
Strange / dumb money queuing on the new product this morning.
175 orders queing below 0.2% of going rate, totalling £804, that's less than £5 per order, what's going on?
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Post by propman on Oct 25, 2019 9:27:48 GMT
Strange / dumb money queuing on the new product this morning. 175 orders queing below 0.2% of going rate, totalling £804, that's less than £5 per order, what's going on? Since before the changes started, the number of offers at rates at which borrowing has happened has remained unreliable, suggesting a timing mismatch between the update of offerred funds and no of offers after a loan.
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robski
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Post by robski on Oct 25, 2019 11:53:18 GMT
Yeah for quite some time now the number of offers seems to be completely unreliable. The monetary amount seems correct though, which is surely the one to worry about
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ashtondav
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Post by ashtondav on Oct 25, 2019 18:04:59 GMT
Not been following much of this, but I notice that since their first inception the GR has been 3%, 4% and 5%. Does this mean RS has achieved their aim of sustainable, predictable rates? For example will we ever see 6% again in max or 5year? Is RS safer because of the lower rates?
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