lara
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Post by lara on Jul 9, 2018 16:47:01 GMT
I am brand new to AC, having been part of the recent RateSetter exodus!
I just wanted to check if there are any real differences between the QAA and the 30 day account except for the required notice period?
It was explained to me that if/when loans default, this only leads to a potential decrease in interest, but otherwise things continue as usual and I would still be ale to sell out at any time if I wanted to. Does this apply to both the easy access accounts or only the QAA?
Anything else to be aware of? Thanks!
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ceejay
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Post by ceejay on Jul 9, 2018 16:57:57 GMT
The QAA and 30DAA are exactly the same except for the notice period.
You will still be able to sell at any time IN NORMAL MARKET CONDITIONS - if there are serious problems/loss of confidence/a run then you'll have to wait, potentially to the end of the life of the underlying loans or even longer if there are defaults that have to be dealt with. Many people might think this is unlikely (I do) but its a risk you should be aware of. Don't invest money that you absolutely have to be able to get back quickly.
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lara
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Post by lara on Jul 9, 2018 18:19:56 GMT
That's really helpful, thank you!
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