Post by TheDriver on Dec 12, 2017 7:05:45 GMT
From another thread:
Higher rate 1 year loans seem to me to have a high chance of paying back in 2 to 3 months rather than going to full term in my experience.
So I am actually using 1 year rather than Rolling at the moment, as this seems to be paid back every 2 or 3 months, but the rate is usually 1 / 1.5% higher than rolling over the same period.
Obviously any contracts may be repaid early, but having reviewed my 1 year receipts over the last 12 months the highest rate to see out the full term was 4.7%. All higher rates repaid much sooner.
As my recent average rate on 1 year is 5.7%, this suggests I'm likely to need to start reinvesting those funds much quicker than anticipated!
Does anyone else see a specific break-point for non-sustained contracts, or what is your highest-rate contract to make a full year?
So I am actually using 1 year rather than Rolling at the moment, as this seems to be paid back every 2 or 3 months, but the rate is usually 1 / 1.5% higher than rolling over the same period.
Obviously any contracts may be repaid early, but having reviewed my 1 year receipts over the last 12 months the highest rate to see out the full term was 4.7%. All higher rates repaid much sooner.
As my recent average rate on 1 year is 5.7%, this suggests I'm likely to need to start reinvesting those funds much quicker than anticipated!
Does anyone else see a specific break-point for non-sustained contracts, or what is your highest-rate contract to make a full year?
