Post by sl75 on Sept 2, 2019 10:18:02 GMT
Aug 22, 2019 15:24:44 GMT bg said:
The series does sometimes fall (ie £300k 27-28 July), guess its best to see where in trends in the next few days.The short-term downtrend in the 90DAA has indeed continued; rscal expresses the main reason for this - a subset of investors didn't consider the loss of flexibility worth an extra 0.65% on the rate compared to 30DAA, but did consider it worth it for the additional 1% cashback (equivalent to around 2% on the annual rate).
In other words this continues to represent the additional money brought into the 90DAA solely as a result of the launch promotion being taken back out again.
This continues to not indicate any kind of short-term concern, as overall total across all 3 access accounts continues to increase despite there being no current promotion to incentivise existing investors to add more cash to the platform.
As before these posts over the last couple of weeks were to re-assure that the short-term downtrend was anticipated and is merely a natural result of the launch promotion unwinding.