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Post by herringbone on Jan 21, 2020 10:11:36 GMT
From the FAQs: "You can choose to invest at the Going Rate available or set Your Rate (lower or up to 5 percentage points higher than the Going Rate)"
Currently, Going rate Access 3% Lender Offers up to 10.4%, (10.9 and 11.4 Plus and Max)
How does that work?.
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robski
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Post by robski on Jan 21, 2020 13:14:46 GMT
Old offers, rolled over
Also, my reinvestment are set at +5%, thing is they are still set at the old rates +5% and not the new.
If you try to set 10% now (for max for example) you cant, but mine is currently at 10%
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Post by herringbone on Jan 21, 2020 13:43:09 GMT
Thank you
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ashtondav
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Post by ashtondav on Jan 21, 2020 16:08:39 GMT
So how long has your money been sitting at 10%? Has there ever been a match at 10%?
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badersleg
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Post by badersleg on Jan 21, 2020 16:29:30 GMT
So how long has your money been sitting at 10%? Has there ever been a match at 10%? I got 9.9% on access (or whatever it was called back then) around 10 months ago. I don't set my rates that high so I think it must have been a spike I took advantage of.
Tim
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robski
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Post by robski on Jan 21, 2020 16:31:06 GMT
So how long has your money been sitting at 10%? Has there ever been a match at 10%? Never, nothing is at 10%, its the only way to stop reinvestment of max to put it higher and cancel I don't ever want to automatch without having manual intervention I strongly disagree with the principle of forced reinvestment, I could probably accept it if it wasn't for the fees to cancel (I actually think fees for cancelling are right, I don't agree however that forced reinvestment AND fees for cancelling are fair)
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ashtondav
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Post by ashtondav on Jan 21, 2020 17:46:03 GMT
You don't pay a fee to cancel an offer! Just go to product, select your unmatched offers, and cancel.
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robski
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Post by robski on Jan 21, 2020 19:32:25 GMT
You don't pay a fee to cancel an offer! Just go to product, select your unmatched offers, and cancel. I didn't say you did Its why I put at 10% to avoid forced reinvestment
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ashtondav
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Post by ashtondav on Jan 22, 2020 10:07:33 GMT
Er, yes you did.
”I could probably accept it if it wasn't for the fees to cancel.”
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robski
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Post by robski on Jan 22, 2020 10:44:33 GMT
Er, yes you did. ”I could probably accept it if it wasn't for the fees to cancel.” Well if your only going to quote part of sentences I can see why your going to make incorrect assumptions. At no point did I mention offers in the whole sentence. You assumed i was talking on offers when i was referring to investments. I dont consider an offer and investment. Forced reinvestment is exactly that, the RS model is for forced reinvestment. Luckily there is a get out, you put it at a higher rate and can cancel fee free (as long as your rate is high enough not to be matched and you go and manually cancel the investment). Hence the 10% thing from the start of the conversation. But technically the RS position is for forced reinvestment and to charge a fee for releasing that. The model does not allow withdrawl on repayment, it forces reinvestment, and the products have a withdrawl fee.
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