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Post by mrclondon on Sept 18, 2015 10:42:07 GMT
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stevio
Member of DD Central
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Post by stevio on Sept 18, 2015 11:46:03 GMT
Not really eye opening Equates to £100 when they commit funds of £5,000 or more for a term of 18 months or more; +1.3%/yr £250 when they commit funds of £7,500 or more for a term of three years or more; + 1.1%/yr £750 when they commit funds of £10,000 or more for a term of 5 years. +1.5%/yr On top of these: MONTHLY INTEREST INTEREST PAID ON MATURITY 30 Day Easy Access* 3.50% 3.55% 18 Months 4.00% 4.10% 3 Years 4.75% 5.10% 5 Years 5.50% 6.32%
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Post by mrclondon on Sept 18, 2015 12:04:00 GMT
Possibly not, depends on the value individual lenders place on platform diversification. Taking the cash back into account, these rates are now similiar to those from RS, ZP, the AC funds, the FC long run yield and represent IMO pretty much the long run yield you can expect from any p2p platform once capital losses are taken into account.
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bigfoot12
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Post by bigfoot12 on Sept 21, 2015 20:13:07 GMT
New customers only
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jimbob
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Post by jimbob on Sept 26, 2015 23:33:47 GMT
I calculate the rate for the 5 yr bond? as
5.65 AER if there was no cashback deal
7.18 AER with cashback - based off their calculator.
That assumes the cash is received on day 1, and then for the purpose of the calculation reinvested immediately back into the investment. That doesn't seem awful to me given there is no micromanaging of funds etc... and is a pretty good new customer offer. Will have a think about this one.
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