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Post by ogwellian on Apr 28, 2021 15:10:32 GMT
Got my first email from RateSetter on Friday. Second one yesterday saying money will arrive at AJ Bell in five days. It arrived yesterday afternoon.
Just my wife's transfer to Fidelity outstanding now. Fidelity says it's on course and to contact RateSetter for updates. Sent an email.
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Post by ogwellian on Apr 18, 2021 8:14:04 GMT
Both our providers (AJ Bell and Fidelity) needed paper based transfer requests. Still heard nothing. Hope our providers followed our instructions to email the requests as RateSetter requested.
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Post by ogwellian on Apr 9, 2021 22:00:33 GMT
I had an email from my new provider on the 7th saying the transfer had been sent. Nothing yet from RateSetter.
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Post by ogwellian on Apr 4, 2021 15:56:21 GMT
My wife and I have about £50k sitting in our holding accounts waiting for ISA transfers to go through. As all the money is using previous years' allowances we don't want to withdraw the cash to our bank accounts as it would lose their ISA wrappers.
I don't expect these two transfers will be done over the Bank Holiday weekend.
Is anyone else waiting for transfers?
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Post by ogwellian on Dec 5, 2019 15:03:07 GMT
Just received my payout.
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Post by ogwellian on May 18, 2019 9:13:02 GMT
I put my GBBA 1 & 2 up for sale about three weeks ago. Shifted about half in the first few days. Now it's just a trickle, about a fiver a day. About 10k left to sell, so could be a long time!!
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RateSetter (RS)
Blimey
Nov 4, 2018 8:50:20 GMT
Post by ogwellian on Nov 4, 2018 8:50:20 GMT
I got a fair bit at 6.9% between 16th and 21st of October. My last 6.8% was 28th.
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Post by ogwellian on Oct 18, 2018 8:32:40 GMT
This is basically a 1% cashback with the prospect of dead money at the start and not a quick exit at the end.
If I had £30k I'd go for AC's Christmas Crackers and Summer Holiday Cashback.
Get 1% from now until Dec 17 and an additional 1% if you leave it in until June 17.
Perhaps I should cash some premium bonds in?
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Post by ogwellian on Aug 7, 2018 21:01:04 GMT
I got three matches at 5.8 today, too. Still got two to go. 27th July was the earliest order. August 2nd is oldest now.
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Post by ogwellian on Aug 7, 2018 10:39:23 GMT
I'm quite happy with the SMS authorisation, especially now you can set it to not every time you log in.
I'm lucky that my Samsung tablet has a sim slot, and I have a payg 3 sim card in it, so I get the code directly.
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Post by ogwellian on Jul 14, 2018 16:23:16 GMT
I deposited £2,500 at 1.23pm and it's just been matched at 5.8%.
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Post by ogwellian on Dec 20, 2017 8:41:34 GMT
Just had four grand matched at 5.4% on December 11 repaid this morning!
Might put in rolling to get it invested over the Christmas period, rather than holding out for a higher rate.
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Post by ogwellian on Aug 23, 2017 5:26:29 GMT
Approx how long does it take a withdrawal to hit the bank account? 2-3 days in my experience. Sold out two accounts yesterday afternoon, took just over an hour. Requested withdrawal and money arrived in my bank account at 3am this morning.
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Post by ogwellian on Aug 21, 2017 7:43:15 GMT
Do you get 7 percent interest on the remaining loans? In principle, yes, eventually ... From the AC website:- The Provision Fund is designed to cover; Payment delays of interest from a borrower where that sum arrives later than expected Shortfalls in interest received from a borrower Any possible capital losses if a loan defaults and the security when sold does not cover the loan balance remaining These two snippets confuse me though:- The GBBA offers a target, capped interest rate for investors of 7.00% gross per annum (before tax and any loan losses). Annualised projected return after expected losses for the GBBA is currently 7.00% gross
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Post by ogwellian on Aug 17, 2017 17:38:20 GMT
Just had a look at the loans in my GBBA account and two of the largest holdings are #240 and #330, both 'Trading Suspended'. They make up more than 10% of the holdings.
Wish I hadn't looked!!
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