puddleduck
Member of DD Central
Posts: 537
Likes: 489
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Post by puddleduck on Jul 2, 2018 9:41:27 GMT
Another very welcome rate boost!
'We can’t guarantee the sunshine will last all summer, but we can guarantee you an extra 0.5% on your interest on all newly lent funds until 2019 for a limited time only.
The 0.5% p.a. rate boost applies to all of our accounts (other than your Cash Account), both standard and ISA wrapped, simply invest new money onto the platform before 31st August 2018 to start earning.'
Not quite as good as the 1% boost we saw earlier this year, but with the boosted rates on QAA and 30DAA, I'm very pleased with Assetz at the moment!
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
Posts: 1,428 
Likes: 1,212
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Post by sqh on Jul 2, 2018 9:48:56 GMT
Check your Total lent funds across your Standard/IFISA accounts at 11:59pm on 1st July £XXXX.XX. Mine is very wrong.
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ianj
Member of DD Central
Posts: 656
Likes: 520
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Post by ianj on Jul 2, 2018 10:54:11 GMT
Check your Total lent funds across your Standard/IFISA accounts at 11:59pm on 1st July £XXXX.XX. Mine is very wrong. Does 33% higher that my current platform total (with zero withdrawal since June 29th) qualify as 'very wrong' ?
Perhaps chris should check the AC abacus for a missing bead! 
Edit : I think I've now got the percentage right.....on the fourth attempt! 
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jonno
Member of DD Central
nil satis nisi optimum
Posts: 2,808
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Post by jonno on Jul 2, 2018 11:23:39 GMT
Yes, mine is also miles out (on the high side).
I know it's not earth shattering in the greater scheme of things, but it really is disheartening that whenever AC come up with a welcome, positive move like this, they always seem to snatch defeat from the jaws of victory by cocking up the arithmetic. I know they'll correct it eventually but why can't they get it right first time?
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Post by Butch Cassidy on Jul 2, 2018 11:37:48 GMT
It's just a shame that their over sensitive & cautious compliance department, that is only too happy to suspend loans left, right & centre to "protect the stupid from themselves", is not more on the ball when it comes to publishing important things like how much you have invested on the platform; whilst I am obviously happy to have been gifted another 25% over & above my actual figure I would much prefer to be able to invest it in actual loans such as #74 which AC currently prevent.
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sl75
Posts: 2,092
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Post by sl75 on Jul 2, 2018 13:29:39 GMT
Mine is also high - by approximately the same amount as I recall had previously been displayed as the amount qualifying for the spring bonus promotion. Given that this was displayed in a manner that appeared visually similar to another investment account, is it possible that the system double-counted that balance? Can anyone else confirm those amounts align on their account e.g. ianj was your qualifying balance for the spring bonus promotion about 33% of your total? [Edit: per ianj's later post - looks like this was probably the wrong hypothesis to fit my 1 very approximate data point...] |
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n
Member of DD Central
Yet another Nick
Posts: 881
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Post by n on Jul 2, 2018 14:14:05 GMT
Mine is spot on. Totalling the figures from REPORTS - BALANCE STATEMENT (being the snapshot at midnight) for both Standard and IFISA accounts. I made a deposit this morning which isn't included in those numbers, but which is in the current Total Investment on the dashboards.
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aligibbs
Member of DD Central
Posts: 69
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Post by aligibbs on Jul 2, 2018 14:19:41 GMT
Mine also seems correct- (well, within £10 anyway). Looks like I might take advantage of this, after missing the 1% bonus last time (with nothing to input)
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ianj
Member of DD Central
Posts: 656
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Post by ianj on Jul 2, 2018 14:53:45 GMT
ianj was your qualifying balance for the spring bonus promotion about 33% of your total? Nowhere near, approx 4.5% of my platform total!
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trevor
Member of DD Central
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Post by trevor on Jul 2, 2018 16:53:05 GMT
0.5% p.a. = 0.25% in 6 months. It won't influence my lending decisions in the slightest. Not enough.
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walktall7
Member of DD Central
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Post by walktall7 on Jul 2, 2018 18:53:37 GMT
I spoke with livechat on 10 may and then emails. IT know there is a problem with totals in standard account and total in balance statement in reports section. I mentioned this on something broken thread. I was supposed to get an update today which did not happen !!
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shimself
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Post by shimself on Jul 2, 2018 19:16:48 GMT
0.5% p.a. = 0.25% in 6 months. It won't influence my lending decisions in the slightest. Not enough. It's more than you get from your bank
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trevor
Member of DD Central
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Post by trevor on Jul 2, 2018 19:48:38 GMT
It's a lot less than I get from my bank. Check the Santander rate. 1.5%.
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Post by chris on Jul 2, 2018 20:50:57 GMT
I spoke with livechat on 10 may and then emails. IT know there is a problem with totals in standard account and total in balance statement in reports section. I mentioned this on something broken thread. I was supposed to get an update today which did not happen !!
Well yes, they are basing the promotion on something they already know is broken. Classic. There's a handful of historic loans that have repaid that we've found have bad information in them. When calculating the balances the system works it out using a "point in time" calculation - i.e. at this specific point in time how much did the lender have in each account as cash, loan units, etc. That bad data is causing the system to miscalculate the principal remaining in those loans so that they're non-zero even after the date they actually repaid. One of my colleagues has been working on this and tracked down the problem. I'm assured that the fix is already live but that it will still take a few days for the system to back calculate everyone's holdings to correct the full record. Once complete the system will have the correct data in historically as well, not just moving forward. Edit: I should add that only those who invested in those historic loans will see erroneous figures, hence why for many it is working perfectly but others are seeing a figure that is too high.
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star dust
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Post by star dust on Jul 2, 2018 21:49:20 GMT
Well it may not be much but I would rather have had it than not. Unfortunately like a number of others last time looks like I'll miss out for the sake of a few hours. I’m not a happy bunny at all – not having made that many deposits into AC for many years I wanted to get funds on the platform for Monday and read this…. “Providing there are no errors or omissions in the data supplied, bank receipts made via Faster Payments are uploaded onto the website within one working day, however, in between 9am and 5.30pm on working days, this is usually within 1 hour.” …..taking it to mean funds would take a day to arrive at the weekend I sent them off late Sunday afternoon, in the hopes they’d arrive first thing Monday. They arrived within an hour on Sunday, with the bonus email this morning  .
Needless to say the funds were all still sitting uninvested on MLIA this morning due to the unbelievably slow buy orders (even when stuffs available in spade loads). I contacted AC about this but they weren’t willing to be flexible at all. Whilst my totals are all unfortunately correct including yesterdays deposit, I'm not inclined to put any more in, and am seriously considering removing it.
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