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Post by squeezedmiddle on Aug 1, 2017 13:47:09 GMT
Back to 4.1% Very similar now to the AC and Octopus accounts. Much better than the 2.8% of not so long ago.
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Post by yorkman on Aug 1, 2017 14:03:06 GMT
And now 4.8. Shame I matched a few hundred earlier at 4.3.
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oldgrumpy
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Post by oldgrumpy on Aug 1, 2017 14:17:54 GMT
OOOh! Got my 4.6% just after 3pm - looks like another peak is coming in the next hour or so ... maybe 4.6% again.
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Post by squeezedmiddle on Aug 1, 2017 17:33:16 GMT
Sorry for the silly question as I imagine more experienced folk on here may think it kindergarten but...
AC QAA pays around 3.75% (according to the blurb)
When RS rolling was around 3.0% or a bit below over the last few weeks, why would money stay in RS vs AC QAA? Am I missing something? Am I making an unfair comparsion like one or other was perceived to be lower risk and why?
Thanks for your thoughts.
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mary
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Post by mary on Aug 1, 2017 17:46:56 GMT
Sorry for the silly question as I imagine more experienced folk on here may think it kindergarten but... AC QAA pays around 3.75% (according to the blurb) When RS rolling was around 3.0% or a bit below over the last few weeks, why would money stay in RS vs AC QAA? Am I missing something? Am I making an unfair comparsion like one or other was perceived to be lower risk and why? Thanks for your thoughts. When there was a huge imbalance with offers > borrowers (£20m+ at times) rates plunged, then over a few months sufficient capital was removed (to where one can only speculate) and rates have risen again. RS is generally seen as a hands off platform, so it took time for enough people to realise that their money wasn't invested and remove it for the system to reach a better balance.
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puddleduck
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Post by puddleduck on Aug 25, 2017 6:14:17 GMT
Back to lousy rates again much of this week - I had 7k which I could not get a decent rate on for 3 days sat in a queue, which I gave up on and withdrew yesterday. And I have 5k repaying today with rolling at 2.4% - also no queue so no prospect of a good increase so that is coming out as well - annoying as its a bank holiday weekend, I probably won't see that back in my account until Tuesday.
Seems to be a bit of a race to the bottom for lenders at the moment!
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robski
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Post by robski on Aug 25, 2017 6:22:21 GMT
Back to lousy rates again much of this week - I had 7k which I could not get a decent rate on for 3 days sat in a queue, which I gave up on and withdrew yesterday. And I have 5k repaying today with rolling at 2.4% - also no queue so no prospect of a good increase so that is coming out as well - annoying as its a bank holiday weekend, I probably won't see that back in my account until Tuesday. Seems to be a bit of a race to the bottom for lenders at the moment! Rolling hasn't repaid yet for some reason
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puddleduck
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Post by puddleduck on Aug 25, 2017 6:34:06 GMT
Back to lousy rates again much of this week - I had 7k which I could not get a decent rate on for 3 days sat in a queue, which I gave up on and withdrew yesterday. And I have 5k repaying today with rolling at 2.4% - also no queue so no prospect of a good increase so that is coming out as well - annoying as its a bank holiday weekend, I probably won't see that back in my account until Tuesday. Seems to be a bit of a race to the bottom for lenders at the moment! Rolling hasn't repaid yet for some reason
Same here...I am waiting with finger poised over the withdrawal button!
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Post by sduckwor on Aug 25, 2017 7:48:08 GMT
Back to lousy rates again much of this week - I had 7k which I could not get a decent rate on for 3 days sat in a queue, which I gave up on and withdrew yesterday. And I have 5k repaying today with rolling at 2.4% - also no queue so no prospect of a good increase so that is coming out as well - annoying as its a bank holiday weekend, I probably won't see that back in my account until Tuesday. Seems to be a bit of a race to the bottom for lenders at the moment! Rolling hasn't repaid yet for some reason
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Post by sduckwor on Aug 25, 2017 7:51:57 GMT
What on earth is happening in the 5 year market ? 2.6 million at 4.5 % this morning - where did that come from ?
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ashtondav
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Post by ashtondav on Aug 25, 2017 8:48:03 GMT
With Zopa+ now at 4.5% and no PF, it's entirely logical to lend at 4.5% on RS with a PF.
Isn't it?
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puddleduck
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Post by puddleduck on Aug 25, 2017 9:35:06 GMT
With Zopa+ now at 4.5% and no PF, it's entirely logical to lend at 4.5% on RS with a PF. Isn't it? No Why lock up for 5 years at 4.5% when you get 4.25% on Assetz with 30 day access. I can't fathom why anyone would accept such low rates on unsecured lending, only back by a PF that in reality will be emptied overnight during any downturn. I assume your question was rhetorical?
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dandy
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Post by dandy on Aug 25, 2017 11:52:31 GMT
With Zopa+ now at 4.5% and no PF, it's entirely logical to lend at 4.5% on RS with a PF. Isn't it? No Why lock up for 5 years at 4.5% when you get 4.25% on Assetz with 30 day access. I can't fathom why anyone would accept such low rates on unsecured lending, only back by a PF that in reality will be emptied overnight during any downturn. I assume your question was rhetorical? well one reason would be RS PF of £20m vs AC PF of ~ £1m which doesn't even cover the largest single exposure so is barely worth factoring in 5 years on RS is also technically 5 years on AC if you check the loans. 30 day access is always subject to new lenders - RS access is about 30 seconds (for a fee, but still)
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nairda
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Post by nairda on Aug 25, 2017 12:29:29 GMT
What on earth is happening in the 5 year market ? 2.6 million at 4.5 % this morning - where did that come from ? Oh, that was Mrs N's sellout I wish!
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Post by sduckwor on Aug 31, 2017 7:19:02 GMT
What on earth is happening in the 5 year market ? 2.6 million at 4.5 % this morning - where did that come from ? Oh, that was Mrs N's sellout I wish!
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