A wall of money appears to have arrived

Most of the money seems to be in small (sub £1k) chunks so I would say no.

I put it down to the beginning of month and now with free debit card transfers, this is the money that would usually arrive on the Tues. so it will be interesting to see if tomorrow looks more like a usual day.

Possible I suppose, but my guess is that it's the usual "beginning of month effect".  People seem to have more money at the start of the month, so invest then.  Interest payments also tend to cluster either side of month end.  Judging by comments on Zopa's customer forum, there's a steady flow from Zopa to RS too which will also cluster around month end for the same interest-driven reasons.

The really interesting thing to my mind is that the 5 year market seems to have absorbed the tidal wave rather well, with interest rates staying above 6% (at least as I write).  Hopefully rates will creep up as usual during the month.  Another 6.7% peak would be very nice!

Sorry folks, I have gone for 5.9% to get my £10.09 repayment  loaned out ahead of the pack.

With the recent lending highs I am sure this cash will be absorbed over the next few weeks - come on RS time to break the £7m barrier.

Reading the Zopa forum, I now suspect some of the cash is coming from over there, repayments are concentrated at the first of the month. With Zopa offering a fixed 5.2% I think the differential with RS at up to 6.4  was too much even for the diehards, although there remains a loyal stubborn few who cannot see the future.

I'm still getting 6.0%, but the "wall of cash" is certainly more than I'd expected.

The interesting thing about Zopa's 5.2% is that it isn't really fixed: it's a minimum.  As my mother has discovered this week investing on both RS and Zopa, the actual rate you get on Zopa can be seriously higher.  I'll document more in the comparison thread I started earlier this week when this evening's Zopa disbursements are in.   I haven't invested in Zopa since Safeguard was introduced for all the reasons documented on this forum, but this week has set me wondering....

I started investing in RS 5y about a year ago at a rate of 5.3 so I was delighted when I was achieving 6.8 last month.  I am living off the monthly interest which has allowed early retirement so I am between a rock and a hard place.  I would like RS to grow and establish itself as I believe rightly or wrongly size if managed correctly has security and security can limit risk.  So if RS is to grow it  has to attract borrowers and lenders, which obviously has an effect on the MR.  So to sum it up I would like RS to grow but I would prefer that its a secret, I would like the highest rates whilst maintaining liquidity, just, and I want it risk free, so a big ask  .

I have been lurking around the Forums for some time and would like to thank the members for their informative posts, I now feel confident enough to post myself.