|
|
Post by jackpease on May 2, 2017 6:50:05 GMT
I am confused. I have two ratesetter accounts, I'm trying to withdraw some 'rolling' money, on one it has let me withdraw it now, on the other it has told me the earliest date is 17th May.
I thought the whole point was that it was instant (unless market in distress)?
thx
Jack P
|
|
|
|
Post by yorkman on May 2, 2017 10:10:00 GMT
I am confused. I have two ratesetter accounts, I'm trying to withdraw some 'rolling' money, on one it has let me withdraw it now, on the other it has told me the earliest date is 17th May. I thought the whole point was that it was instant (unless market in distress)? thx Jack P Did you select Drawdown instead of Sellout? It's not, nor ever has been, instant but is up to one month. You can see when the maturity dates are by checking the 'On Loan' section.
|
|
|
|
Post by jackpease on May 2, 2017 10:39:50 GMT
drawdown. Was that wrong?
I must have been lucky in the past as taking money out has been near instantaneous - i suspect i have not fully understood it.
J
|
|
|
|
Post by gidoppp01 on May 16, 2017 14:02:35 GMT
I am confused. I have two ratesetter accounts, I'm trying to withdraw some 'rolling' money, on one it has let me withdraw it now, on the other it has told me the earliest date is 17th May. I thought the whole point was that it was instant (unless market in distress)? thx Jack P Just check the loanbook for each individual loan. The length of each Rolling market loan varies, usually 30 days, it can be slightly shorter. If you dont have money reinvested automatically, it will return to the holding account. Doing a sellout get money back before the end of yhe loan term, but you may get slightly less interest.
|
|
|
|
Post by jackpease on May 17, 2017 6:00:15 GMT
Thanks for the advice guys. I think I was confused as soon after I put in my request on one of my accounts the loan closed early - ie total fluke. I've waited the 30 days
Jack P
|
|
