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Post by khampson on Apr 3, 2019 9:05:48 GMT
Hi, who currently offers instant access to invested funds? I have a small sum to invest and want to top it up weekly but I may need access to it from time to time, I won't need it all but I may need it now and then.
Thank you
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cwah
Member of DD Central
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Post by cwah on Apr 3, 2019 10:19:58 GMT
1.5%
Marcus (fscs protected)
5%
Loanpad
Growstreet
Ratesetter (3% currently)
12%: (only if you manage the sell)
Moneything
Fundingsecure
Mintos
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Post by df on Apr 3, 2019 12:14:41 GMT
Hi, who currently offers instant access to invested funds? I have a small sum to invest and want to top it up weekly but I may need access to it from time to time, I won't need it all but I may need it now and then. Thank you For instant access: Assetz Capital (QAA account) Ratesetter (Rolling account) I you prepared to wait longer: Assetz Capital (30-day and 90-day) Growth Street - 1 months wait Welendus (can be instant depending on demand) Ratesetter (1-year and 5-year) - includes selling fee Lending Works - includes selling fee Landbay - (can be instant depending on demand) Lending Crowd - depending on demand and includes selling fee
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pom
Member of DD Central
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Post by pom on Apr 3, 2019 12:30:05 GMT
Hi, who currently offers instant access to invested funds? I have a small sum to invest and want to top it up weekly but I may need access to it from time to time, I won't need it all but I may need it now and then. Thank you If you think you're likely to need access to it then p2p is not the place for it. P2P and the economy as a whole are very much more uncertain than when you were last a member of this forum
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Post by vithca on Apr 3, 2019 18:09:01 GMT
If you think you're likely to need access to it then p2p is not the place for it. P2P and the economy as a whole are very much more uncertain than when you were last a member of this forum I will second that. Some p2p platforms imply fast access but buried in the terms could be "we might change our minds without notice" If you need immediate access use a bank account.
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Post by df on Apr 3, 2019 20:55:06 GMT
If you think you're likely to need access to it then p2p is not the place for it. P2P and the economy as a whole are very much more uncertain than when you were last a member of this forum I will second that. Some p2p platforms imply fast access but buried in the terms could be "we might change our minds without notice" If you need immediate access use a bank account. 73% of my money is in bank accounts. Firstly, it's preservation of capital. Secondly, more or less beats the inflation (incl. switch bonuses and some long term variable rate regular savings accounts). Depending on your budget of course, but the allowance to gain a passable interest without engaging in 5 year fixed terms is limited. I don't know what platforms you're referring to. In my experience, all platforms/accounts I've listed delivered the access they've promised.
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cwah
Member of DD Central
Posts: 949
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Post by cwah on Apr 3, 2019 23:26:49 GMT
I will second that. Some p2p platforms imply fast access but buried in the terms could be "we might change our minds without notice" If you need immediate access use a bank account. 73% of my money is in bank accounts. Firstly, it's preservation of capital. Secondly, more or less beats the inflation (incl. switch bonuses and some long term variable rate regular savings accounts). Depending on your budget of course, but the allowance to gain a passable interest without engaging in 5 year fixed terms is limited. I don't know what platforms you're referring to. In my experience, all platforms/accounts I've listed delivered the access they've promised. How much interest you get in bank when inflation target is around 2.5%? Remember that inflation is man made and they'll print enough money to reach this target.
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pom
Member of DD Central
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Post by pom on Apr 4, 2019 8:31:45 GMT
I don't know what platforms you're referring to. In my experience, all platforms/accounts I've listed delivered the access they've promised. Jeez....past performance.....  And as vithca says none of them guarantee access It's not that long since we could have said that about COL, LY & MT and look where that got the people relying on being able to withdraw whenever they wanted. Sooner or later one of the "safe" instant-ish access platforms WILL have liquidity issues, and no matter how much we might monitor them like hawks to try and see it coming, it's more than likely we won't all get anywhere near to the front of the queue to get out. Sorry - you at least sound like you have sufficient in cash - my concern is there will be some on this forum who will skip over your cautious 73% statement and just read "they've all delivered" - because there's plenty of people who've already done similar (I'd also question your inclusion of LC unless they've really changed - took me several months to sell out)
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benaj
Member of DD Central
N/A
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Post by benaj on Apr 4, 2019 12:23:21 GMT
1.5% Marcus (fscs protected) 5% Loanpad Growstreet Ratesetter (3% currently) 12%: (only if you manage the sell) Moneything Fundingsecure Mintos Loanpad Classic Account has a limit of £20k, much lower than AC QAA maximum limit
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Post by df on Apr 4, 2019 12:25:18 GMT
73% of my money is in bank accounts. Firstly, it's preservation of capital. Secondly, more or less beats the inflation (incl. switch bonuses and some long term variable rate regular savings accounts). Depending on your budget of course, but the allowance to gain a passable interest without engaging in 5 year fixed terms is limited. I don't know what platforms you're referring to. In my experience, all platforms/accounts I've listed delivered the access they've promised. How much interest you get in bank when inflation target is around 2.5%? Remember that inflation is man made and they'll print enough money to reach this target. Currently around 30% of my money in banks earning above 2.5%, the rest between 1.5% and 2.5%.
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Post by df on Apr 4, 2019 12:51:39 GMT
I don't know what platforms you're referring to. In my experience, all platforms/accounts I've listed delivered the access they've promised. Jeez....past performance..... And as vithca says none of them guarantee access It's not that long since we could have said that about COL, LY & MT and look where that got the people relying on being able to withdraw whenever they wanted. Sooner or later one of the "safe" instant-ish access platforms WILL have liquidity issues, and no matter how much we might monitor them like hawks to try and see it coming, it's more than likely we won't all get anywhere near to the front of the queue to get out. Sorry - you at least sound like you have sufficient in cash - my concern is there will be some on this forum who will skip over your cautious 73% statement and just read "they've all delivered" - because there's plenty of people who've already done similar (I'd also question your inclusion of LC unless they've really changed - took me several months to sell out) I've only sold twice on LC, both took 1 day to sell. May be it is different now, I don't know, it was about 9 months ago when I did it last.
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cwah
Member of DD Central
Posts: 949
Likes: 468
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Post by cwah on Apr 4, 2019 21:09:39 GMT
How much interest you get in bank when inflation target is around 2.5%? Remember that inflation is man made and they'll print enough money to reach this target. Currently around 30% of my money in banks earning above 2.5%, the rest between 1.5% and 2.5%. Can I ask you which bank offers instant access and 2.5%?
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Post by gravitykillz on Apr 4, 2019 21:23:40 GMT
Currently around 30% of my money in banks earning above 2.5%, the rest between 1.5% and 2.5%. Can I ask you which bank offers instant access and 2.5%? Only ones i am aware of are monthly savings accounts. You have a limit of £250 per month usually.
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cwah
Member of DD Central
Posts: 949
Likes: 468
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Post by cwah on Apr 4, 2019 21:28:59 GMT
Can I ask you which bank offers instant access and 2.5%? Only ones i am aware of are monthly savings accounts. You have a limit of £250 per month usually. Some even offer 5% but the amount is so low I can't be bothered to open an account.
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Post by gravitykillz on Apr 4, 2019 21:58:21 GMT
Just opened a account with kufflink and dumped 1k and purchased a couple of £500 parts on their secondary market. Mainly because they offered a £100 bonus after 6 months. I think i am getting addicted to p2p lending. Currently i have money in :
1. Lendinvest
2. Lending works
3. Growth street
4. Wise alpha
And now kufflinks. Is that too many ??
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