ablender
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Post by ablender on Mar 30, 2016 15:09:23 GMT
chris: Just need to clarify. Is the change to 4.25% starting 1st April or immediate?
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Investboy
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Trying to recover from P2P revolution
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Post by Investboy on Mar 30, 2016 15:21:45 GMT
chris : Just need to clarify. Is the change to 4.25% starting 1st April or immediate? What? Am I missing something? Where did you hear about this?
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registerme
Member of DD Central
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Post by registerme on Mar 30, 2016 15:23:45 GMT
A recent email.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Mar 30, 2016 15:26:06 GMT
As a special tax year bonus from Assetz Capital, our QAA interest rate is increasing for the month of April.
There is a cap on the account size so first come, first served !
The minimum investment is £1 and the maximum direct investment subject to a cap per investor, is currently set at £50,000. You also have the option to invest any idle funds you have in your other accounts in the Quick Access Account until you need them. There is currently a cap of £25,000 of these swept funds per person and this is independent of any direct investment in this account.
Cap is £9m so currently about £1m headroom
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SteveT
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Post by SteveT on Mar 30, 2016 15:27:36 GMT
Good tactic to take the pressure off the QAA selling that's clogging up the SM
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ablender
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Post by ablender on Mar 30, 2016 16:12:11 GMT
I might think about selling what I have in invested in MLIA. There is a catch though; there I am getting more interest. I have to find more money; Oh no, I am so short of money. Anyone wants to lend me some? (you know, between friends.)  |
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investibod
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Post by investibod on Mar 30, 2016 16:26:45 GMT
Oh no, I am so short of money. Anyone wants to lend me some? (you know, between friends.) If only there was only some internet platform which could facilitate such a thing...
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Post by chris on Mar 30, 2016 16:27:37 GMT
chris : Just need to clarify. Is the change to 4.25% starting 1st April or immediate? 1st April for the duration of that month.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Mar 30, 2016 16:36:40 GMT
Oh no, I am so short of money. Anyone wants to lend me some? (you know, between friends.) If only there was only some internet platform which could facilitate such a thing... And a place you could go to get answers to all your questions about it
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oldgrumpy
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Post by oldgrumpy on Mar 30, 2016 17:42:38 GMT
I do notice the little words "target" and "rate capped at" in all AC's texts about the QAA.
Where can we see what we, as individuals, are actually achieving with our money in our QAA accounts?
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ianj
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Post by ianj on Mar 30, 2016 17:44:40 GMT
Oh no, I am so short of money. Anyone wants to lend me some? (you know, between friends.) If only there was only some internet platform which could facilitate such a thing... That would be "fantastic", and would probably have its praises sung, literally, by a fat man with a silly moustache. 
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Post by chris on Mar 30, 2016 18:07:30 GMT
I do notice the little words "target" and "rate capped at" in all AC's texts about the QAA. Where can we see what we, as individuals, are actually achieving with our money in our QAA accounts? It's legal and compliance speak to relay that the possibility exists for there to be a shortfall. Everyone to date has achieved the full 3.75% on all funds accepted into the account (i.e. not queued).
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oldgrumpy
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Post by oldgrumpy on Mar 30, 2016 18:12:46 GMT
OK. I appreciate the nuances of "legal and compliance speak" but will we be aware, otherwise alerted promptly if circumstances which might compromise the advertised rates seem imminent, then be able to see somewhere on our accounts by how much our individual rates might (are) fall(ing) short?
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agent69
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Post by agent69 on Mar 30, 2016 18:20:06 GMT
I treat the QAA with considerable suspicion given the lack of openness regarding what the £8m+ is invested in.
My reinvestment money goes in temporarily, but no way I am making a significant top up for a 1 month novelty act.
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Post by bracknellboy on Mar 30, 2016 18:34:39 GMT
well as its timed for April 1st perhaps its a case of spaghetti growing on trees.
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