Investor
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Post by Investor on Sept 30, 2014 21:15:00 GMT
As someone with nothing better to do I have been reading this thread and watching the way the RATESETTER system allocates my repayments which are set at MR back into the 5 year market. My repayments are currently about £1000 a month and over the last few weeks I think I could have got 0.1% more in just under half the instances when I had a repayment going back in. This means according to my rather weak maths (O level grade B at second attempt) I would have beaten my MR setting by about £6000 * 0.1% so £6 per year. As I say, I really have little to do once I have given up on the crossword, but I do not have so little to do that I am willing to watch my repayments that closely. Perhaps I am missing something here? Welcome to the forum Remember your repayments include capital so if you are getting repayments of 1k per month all in 5yr, you probably have about 50k out on loan. If you were to get an additional 0.1% on YR over MR that would equate to £50 annually, accepting your premise of only half the instances you would still get £25. IMO using YR over MR will regularly return around +.2% benefit especially if you wait for days like today. (O level first attempt, far too long ago to remember the grade).
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gnasher
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Post by gnasher on Oct 1, 2014 4:42:41 GMT
Just to round off the MR auto reinvest discussion that we have had in this thread, all of this mornings went in at 6.4% - nothing wrong with that.
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