littleoldlady
Member of DD Central
Running down all platforms due to age
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Post by littleoldlady on Jul 22, 2019 16:59:22 GMT
I can't see how to do that either.
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Post by baboonery on Jul 22, 2019 17:08:03 GMT
Has anyone succeeded in getting an ISA transfer into GS? If so what happened afterwards? Mine is just sitting in cash and I can't see any way to get it invested. Autolend is turned on. (I have also posted this query on another thread) I had the same issue with a transfer in. I assumed it would ‘Autolend’ as set but nothing happened and after a few days I turned it off and invested manually. That worked ok.
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Post by Ace on Jul 22, 2019 17:12:04 GMT
How odd, the AutoInvest option doesn't seem to appear on my invest page!
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zlb
Member of DD Central
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Post by zlb on Aug 8, 2019 9:13:02 GMT
N Faulkener has had a meeting with GS recently and written this review of the ISA. www.4thway.co.uk/news/growth-street-isa/The fixed characteristic is for 1 year, and therefore this is seen to be survivable in the event of GS losing borrowers, and having to plug the ISA commitment themselves. What do people reckon? He also goes into the issue of whether it is P2P or not, it's a bond in an SPV |
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morris
Member of DD Central
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Post by morris on Aug 12, 2019 7:09:36 GMT
Interesting article - I see that lenders in ordinary accounts are prioritised to get their money lent first. I wondered why my latest ISA transfer has been sat there for several days. Yet at the same time they are offering investment and referral bonuses.
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littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,017
Likes: 1,835
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Post by littleoldlady on Aug 13, 2019 7:24:48 GMT
Interesting article - I see that lenders in ordinary accounts are prioritised to get their money lent first. I wondered why my latest ISA transfer has been sat there for several days. Yet at the same time they are offering investment and referral bonuses. Are you relying on autolend? See 4 posts up. Otherwise I don't understand what you mean by "sat there". You don't see anything more for an ISA investment unlike the Classic a/c.
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morris
Member of DD Central
Posts: 261
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Post by morris on Aug 13, 2019 10:21:12 GMT
Interesting article - I see that lenders in ordinary accounts are prioritised to get their money lent first. I wondered why my latest ISA transfer has been sat there for several days. Yet at the same time they are offering investment and referral bonuses. Are you relying on autolend? See 4 posts up. Otherwise I don't understand what you mean by "sat there". You don't see anything more for an ISA investment unlike the Classic a/c. No. I invested my ISA funds manually once they were received. They have now been invested but it took a week. The point remains that ordinary accounts have priority over ISA funds.
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zlb
Member of DD Central
Posts: 1,412
Likes: 331
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Post by zlb on Aug 14, 2019 20:03:05 GMT
Interesting article - I see that lenders in ordinary accounts are prioritised to get their money lent first. I wondered why my latest ISA transfer has been sat there for several days. Yet at the same time they are offering investment and referral bonuses. but I think ISA gets interest, invested or not? Think that was in article.
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Post by Ace on Aug 14, 2019 22:11:53 GMT
Interesting article - I see that lenders in ordinary accounts are prioritised to get their money lent first. I wondered why my latest ISA transfer has been sat there for several days. Yet at the same time they are offering investment and referral bonuses. but I think ISA gets interest, invested or not? Think that was in article. The ISA FAQs say " Interest will start accruing from the day that your funds are issued into a bond. This can take up to 7 days from the date you subscribe your funds to ISA."
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morris
Member of DD Central
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Post by morris on Feb 3, 2020 13:18:13 GMT
I now have interest accumulating in my ISA, or 'Gain to Date' as they show it on the dashboard. It is just sitting there not earning interest. I cannot invest it says I don't have funds for withdrawal. Does anyone know how I move this money?
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IFISAcava
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Post by IFISAcava on Feb 3, 2020 13:24:59 GMT
I now have interest accumulating in my ISA, or 'Gain to Date' as they show it on the dashboard. It is just sitting there not earning interest. I cannot invest it says I don't have funds for withdrawal. Does anyone know how I move this money? It is paid after 12 months when the bond matures - and will be made up to 5.8% assuming all goes well.
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morris
Member of DD Central
Posts: 261
Likes: 149
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Post by morris on Feb 3, 2020 13:52:15 GMT
I now have interest accumulating in my ISA, or 'Gain to Date' as they show it on the dashboard. It is just sitting there not earning interest. I cannot invest it says I don't have funds for withdrawal. Does anyone know how I move this money? It is paid after 12 months when the bond matures - and will be made up to 5.8% assuming all goes well. I assumed it was paid monthly like the standard account. But of course this is a bond so yearly would make sense.
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Post by baboonery on Apr 30, 2020 18:53:47 GMT
Does anyone have any knowledge/opinion as to the likely effect of the current ‘Liquidity Event’ on the accessibility of ISA funds when their 12 month investment period ends?
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Post by drphil on May 1, 2020 12:31:45 GMT
Does anyone have any knowledge/opinion as to the likely effect of the current ‘Liquidity Event’ on the accessibility of ISA funds when their 12 month investment period ends? I don't know the answer but the product is discussed in detail here:
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Post by baboonery on May 1, 2020 12:44:22 GMT
Does anyone have any knowledge/opinion as to the likely effect of the current ‘Liquidity Event’ on the accessibility of ISA funds when their 12 month investment period ends? I don't know the answer but the product is discussed in detail here:
Thank you. Coincidentally I have just received a general update email from Growth Street that includes the following;- Q: What does the Liquidity Event mean for IFISA customers?
A: We are planning a more dedicated and comprehensive update for our IFISA customers soon. There are specific details we want to address in that update, and we are working closely with our third-party partner, Goji, to cover them. We will be communicating with you as soon as possible. Q: My IFISA bond matures this month, can you tell me if I will get a pay out?
A: If your bond matures during the Liquidity Event period, you will not be able to withdraw your investment on maturity. We will include more information on this in our dedicated IFISA update.
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