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Post by gravitykillz on Apr 4, 2019 22:01:39 GMT
Sorry i got landbay as well. Forgot about that one. I think i have taken diversification to another level. More worried about forgetting logins and password.
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Post by Ace on Apr 4, 2019 23:23:35 GMT
Sorry i got landbay as well. Forgot about that one. I think i have taken diversification to another level. More worried about forgetting logins and password. Not sure what level I'm on then. I have 32 accounts across 25 platforms. I also manage quite a few others for friends and family. An electronic password safe is essential. Interestingly we only have two platforms in common; LW and GS. Let me know if you find a good therapist 
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Post by gravitykillz on Apr 5, 2019 0:34:09 GMT
Sorry i got landbay as well. Forgot about that one. I think i have taken diversification to another level. More worried about forgetting logins and password. Not sure what level I'm on then. I have 32 accounts across 25 platforms. I also manage quite a few others for friends and family. An electronic password safe is essential. Interestingly we only have two platforms in common; LW and GS. Let me know if you find a good therapist 32 accounts across 25 platforms ? Ok u win.
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Post by df on Apr 5, 2019 5:09:50 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%? Currently I have such products with Coventry, First Direct, Saffron, Santander, YBS, TSB, Nationwide, Tesco, HSBC, Lloyds, Virgin, M&S, Halifax and Nottingham. Some of them are old and not available for new customers and some will discontinue soon.
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cwah
Member of DD Central
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Post by cwah on Apr 5, 2019 6:14:35 GMT
Can I ask you which bank offers instant access and 2.5%? Currently I have such products with Coventry, First Direct, Saffron, Santander, YBS, TSB, Nationwide, Tesco, HSBC, Lloyds, Virgin, M&S, Halifax and Nottingham. Some of them are old and not available for new customers and some will discontinue soon. So you opened 10+ bank account to benefit from the 2.5% high saving account which should be limited to maybe £2k each?
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macq
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Post by macq on Apr 5, 2019 7:24:04 GMT
Currently I have such products with Coventry, First Direct, Saffron, Santander, YBS, TSB, Nationwide, Tesco, HSBC, Lloyds, Virgin, M&S, Halifax and Nottingham. Some of them are old and not available for new customers and some will discontinue soon. So you opened 10+ bank account to benefit from the 2.5% high saving account which should be limited to maybe £2k each? On the MSE investment forum there is One main thread on Regular savers that's been running for years & which got so long due to post's that they had to split it & start again.Think the biggest number i have seen is the mid 70's for accounts so 10 would just be a start 
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pom
Member of DD Central
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Post by pom on Apr 5, 2019 9:26:49 GMT
So you opened 10+ bank account to benefit from the 2.5% high saving account which should be limited to maybe £2k each? On the MSE investment forum there is One main thread on Regular savers that's been running for years & which got so long due to post's that they had to split it & start again.Think the biggest number i have seen is the mid 70's for accounts so 10 would just be a start I guess the advantage of that many would be you could stagger them so your money was always earning somewhere but yikes! I've given up on regular savers now tho as the limits are so small and they all seem to reset every 12months anyway....decided not to bother getitng a new one with Nationwide this time and I see they're soon discontinuing it anyway
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mikeh
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Post by mikeh on Apr 5, 2019 10:19:19 GMT
Things can change very quickly. A couple of months ago I would have said FC was more or less instant access. Now it's around 30 days and lengthening.
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Post by gravitykillz on Apr 5, 2019 10:31:58 GMT
Things can change very quickly. A couple of months ago I would have said FC was more or less instant access. Now it's around 30 days and lengthening. Indeed. Funding circle seems to be declining for the last year and especially since their ipo. I left fc in early 2017 thank god. However still log in every month to transfer the odd pennies from my defaults. Their property loans were an absolute joke. I invested in one loan with a 52% ltv in 2016 and still waiting for my money back. Fc is the worst example of p2p lending.
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Post by df on Apr 5, 2019 12:18:38 GMT
Currently I have such products with Coventry, First Direct, Saffron, Santander, YBS, TSB, Nationwide, Tesco, HSBC, Lloyds, Virgin, M&S, Halifax and Nottingham. Some of them are old and not available for new customers and some will discontinue soon. So you opened 10+ bank account to benefit from the 2.5% high saving account which should be limited to maybe £2k each? In one of them I have 30k - currently pays 2.8%. Used to pay 4.3% when I opened it 9 years ago, but 2.8% is quite good by todays standard.
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rscal
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Post by rscal on Apr 5, 2019 13:15:28 GMT
In one of them I have 30k - currently pays 2.8%. Used to pay 4.3% when I opened it 9 years ago, but 2.8% is quite good by todays standard. The Coventry huh? I had enough of them when they did not make any increase in the rate of that account but did on other accounts follwoing the last rise in the BOE. Reduced balance 90% and put the cash U-No-Wear.
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Post by df on Apr 5, 2019 17:37:20 GMT
In one of them I have 30k - currently pays 2.8%. Used to pay 4.3% when I opened it 9 years ago, but 2.8% is quite good by todays standard. The Coventry huh? I had enough of them when they did not make any increase in the rate of that account but did on other accounts follwoing the last rise in the BOE. Reduced balance 90% and put the cash U-No-Wear. Yes it was Stroud&Swindon when I opened it. The rate was 4.5% (4.3% was a typo). They did increase at some point from 2.75% to 3% and then went down to 2.8%. I'm very happy with this regular saver - apart from initial set up, no work was required to maintain it. Small £250 pm allowance, but it adds up over years. With interest payment tomorrow I'll have 31k earning 2.8% with FSCS protection.
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michaelc
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Say No To T.D.S.
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Post by michaelc on Apr 5, 2019 19:22:41 GMT
If you follow the financial "experts" you wouldn't put cash into p2p if you wanted instant but its your/our cash and so long as Nanny allows, we can put it wherever we want. Life is always complicated and IMO a question like "do you need instant access to your funds" doesn't nearly cover all the nuances.
Maybe some people value high headline returns and a fair chance at instant access over very low rates but guaranteed access? As long as it is clear there are no guarantees, no fscs and you understand how the given platform works (so you can access the risks) what is the problem?
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