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Post by stevexxx on Dec 23, 2019 16:56:37 GMT
I for one have set as rate of 4.6%, anything left in my account at the end of every month is withdrawn. Most of my p2p is in wind down now due to the low rates.
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Post by danraj on Dec 23, 2019 17:34:08 GMT
Hi stevexxxWhat is your target return? Have you tried some of the smaller P2P platforms offering better rates?
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r00lish67
Member of DD Central
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Post by r00lish67 on Dec 23, 2019 18:00:37 GMT
Hi stevexxx What is your target return? Have you tried some of the smaller P2P platforms offering better rates? Cor Danraj , advertising LendingCrowd is practically an obsession with you. Mind you, they do have high high rates and low low defaults, can't beat 'em!
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Post by stevexxx on Dec 23, 2019 19:05:58 GMT
Hi stevexxx What is your target return? Have you tried some of the smaller P2P platforms offering better rates? I'm in zopa that has made good money in the past but average annual rate is now at 3.7%, also lending works but they have just dropped their rates so pulled one account compleatly but will leave a small account in place.. I'm looking at assetz capital to re-balance a little as I draw down on other accounts as it looks a stable platform to trickle into the 90 day account with a reasonable rate. I think 5% is the min I'm now looking for, even at that I have to wonder if its worth the risk
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gg
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Post by gg on Dec 29, 2019 17:37:44 GMT
At the new rates (that RS are targeting) I’d rather do something else with my money. I haven’t logged in to RS for weeks but I will in the New Year. Any funds not lent will be withdrawn to somewhere offering FSCS protection. Maybe even Premium Bonds and I hate Premium Bonds.
All good things come to an end.
gg
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Post by gravitykillz on Dec 29, 2019 17:50:45 GMT
At the new rates (that RS are targeting) I’d rather do something else with my money. I haven’t logged in to RS for weeks but I will in the New Year. Any funds not lent will be withdrawn to somewhere offering FSCS protection. Maybe even Premium Bonds and I hate Premium Bonds. All good things come to an end. gg I managed to get 4.2% on access around 2 weeks ago. But rates have fallen like a brick in the last week. Maybe everyone is depositing their xmas money at 2.9% ? I'm sure when the holidays are over things will pick up.
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Post by WestonKevTMP on Dec 29, 2019 19:33:40 GMT
At the new rates (that RS are targeting) I’d rather do something else with my money. I haven’t logged in to RS for weeks but I will in the New Year. Any funds not lent will be withdrawn to somewhere offering FSCS protection. Maybe even Premium Bonds and I hate Premium Bonds. All good things come to an end. gg I bought some Premium Bonds this month and last, the first time for a decade! And I also hate Premium Bonds...
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Post by gravitykillz on Dec 29, 2019 20:15:58 GMT
At the new rates (that RS are targeting) I’d rather do something else with my money. I haven’t logged in to RS for weeks but I will in the New Year. Any funds not lent will be withdrawn to somewhere offering FSCS protection. Maybe even Premium Bonds and I hate Premium Bonds. All good things come to an end. gg I bought some Premium Bonds this month and last, the first time for a decade! And I also hate Premium Bonds... Premium bonds are safe and fun way to win money every month. You need a large amount of bonds though. I would suggest £30k at least to win money every month. And maybe you might get lucky ?
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ashtondav
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Post by ashtondav on Dec 29, 2019 23:48:13 GMT
PB, lucky to get 1.4% - and that’s with 50k invested. Fun though and you get a “free” lottery ticket.
Got to be better than Funding SECURE - the biggest oxy bloody moron in history.
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Stonk
Stonking
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Post by Stonk on Dec 30, 2019 1:02:43 GMT
Premium bonds are safe and fun way to win money every month. You need a large amount of bonds though. I would suggest £30k at least to win money every month. And maybe you might get lucky ?
£30K gives you a 71% chance of winning in a given month. In the months when you win, almost exactly half the time it will only be £25.
The maximum, £50K, gives you a 87% chance of winning in a given month. Also, when you win, 30% of the time it will be £25, and 70% of the time you'll get at least £50. Either way amounts to 1.40% in the (infinitely) long run though.
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zlb
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Post by zlb on Dec 30, 2019 11:16:11 GMT
PB, lucky to get 1.4% - and that’s with 50k invested. Fun though and you get a “free” lottery ticket. Got to be better than Funding SECURE - the biggest oxy bloody moron in history. I agree,,even with full amount in premium bonds, you don't win every month, and the worked out pretend average outcome is 1.43% ... How do I get a free lottery ticket? Do you mean the premium bond prizes?
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lara
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Post by lara on Dec 30, 2019 11:26:27 GMT
Don't forget that the premium bond prizes are tax free which is obviously another advantage.
And I am also saving the money I used to spend on lottery tickets so they're a win win from my point of view!
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coogaruk
Hello everyone! Anyone remember me?
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Post by coogaruk on Dec 30, 2019 12:23:30 GMT
Don't forget that the premium bond prizes are tax free which is obviously another advantage. And that your capital is 100% safe.
p.s. I am also thinking of buying some more tomorrow, especially as one my bank's 'rainy day' savings accounts recently cut its rate to 0.15%
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Post by stevepn on Dec 30, 2019 13:21:32 GMT
Premium bonds are safe and fun way to win money every month. You need a large amount of bonds though. I would suggest £30k at least to win money every month. And maybe you might get lucky ?
£30K gives you a 71% chance of winning in a given month. In the months when you win, almost exactly half the time it will only be £25.
The maximum, £50K, gives you a 87% chance of winning in a given month. Also, when you win, 30% of the time it will be £25, and 70% of the time you'll get at least £50. Either way amounts to 1.40% in the (infinitely) long run though.
I have about £45,000 in premium bonds, about 1 or 2 months in the year I get nothing and the most I have had in a month is £100 in 4x£25 winnings. What I get back in a year I have never checked. PS I do actually know someone who won £1 million on the premium bonds.
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Stonk
Stonking
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Post by Stonk on Dec 30, 2019 23:08:39 GMT
£30K gives you a 71% chance of winning in a given month. In the months when you win, almost exactly half the time it will only be £25.
The maximum, £50K, gives you a 87% chance of winning in a given month. Also, when you win, 30% of the time it will be £25, and 70% of the time you'll get at least £50. Either way amounts to 1.40% in the (infinitely) long run though.
I have about £45,000 in premium bonds, about 1 or 2 months in the year I get nothing and the most I have had in a month is £100 in 4x£25 winnings. What I get back in a year I have never checked. PS I do actually know someone who won £1 million on the premium bonds.
That tallies very well with theory. £45K gives you an 84% of winning something in any given month (i.e. 10 out of 12), and the vast majority of months it will be £100 or less.
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