qwakuk
Member of DD Central
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Post by qwakuk on Nov 7, 2019 15:56:06 GMT
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ashtondav
Member of DD Central
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Post by ashtondav on Nov 7, 2019 16:15:43 GMT
Not me, and feel aggrieved as I’ve been Zopa since 2005.
But 4%? I’M IN!
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benaj
Member of DD Central
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Post by benaj on Nov 7, 2019 16:32:15 GMT
£100 @ 4%  |
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star dust
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Post by star dust on Nov 7, 2019 16:33:22 GMT
Don't get too excited this seems to be the nub of it
"As it is a beta test the term is fixed for one month, offers four per cent interest and testers can deposit up to £100 into the beta account, Zopa said."
So that's a whole 33 pence!
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Post by df on Nov 7, 2019 16:37:24 GMT
No, I wasn't invited to the party, but will keep an eye on this development. I hope they will have some competitive savings products in store when they become a bank.
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Post by df on Nov 7, 2019 16:50:23 GMT
Don't get too excited this seems to be the nub of it
"As it is a beta test the term is fixed for one month, offers four per cent interest and testers can deposit up to £100 into the beta account, Zopa said."
So that's a whole 33 pence!
I'm sure 200 vacancies will be filled, if not already  Reminds me of the recent FS 30-day access where some people invested £1 (0.4p profit?) for the experience.
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aju
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Post by aju on Nov 7, 2019 16:59:30 GMT
Not me, and feel aggrieved as I’ve been Zopa since 2005. But 4%? I’M IN! I'm an early adopter too and no sniff either, mind you if i'm supposed to be user testing it for them then i'd want more than a few pence, even the chinese get better pay than this. Talk about shoestring budget ...  What happened to minimum wage then. Where's Boris!
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star dust
Member of DD Central
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Post by star dust on Nov 7, 2019 17:05:03 GMT
Don't get too excited this seems to be the nub of it
"As it is a beta test the term is fixed for one month, offers four per cent interest and testers can deposit up to £100 into the beta account, Zopa said."
So that's a whole 33 pence!
I'm sure 200 vacancies will be filled, if not already Reminds me of the recent FS 30-day access where some people invested £1 (0.4p profit?) for the experience. Not on FS and can't recollect the timing but did they get their money out before administration or it might be 4 p interest vs capital loss  . Perhaps it was worth it for the 'ride' but a stark reminder to be careful what you try .
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Post by erniec on Nov 7, 2019 17:25:46 GMT
I am included in the panel of testers but am not able to provide further detail due to the testing agreement.
The testing is obviously not about the interest rate (there’s absolutely no suggestion that there will be a 4% product) but about the processes for opening the account and maturing it. No testers can be involved for the max 41p interest.
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aju
Member of DD Central
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Post by aju on Nov 7, 2019 17:29:47 GMT
I am included in the panel of testers but am not able to provide further detail due to the testing agreement. The testing is obviously not about the interest rate (there’s absolutely no suggestion that there will be a 4% product) but about the processes for opening the account and maturing it. No testers can be involved for the max 41p interest. , me lips are sealed ..
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Post by df on Nov 7, 2019 17:56:11 GMT
I'm sure 200 vacancies will be filled, if not already Reminds me of the recent FS 30-day access where some people invested £1 (0.4p profit?) for the experience. Not on FS and can't recollect the timing but did they get their money out before administration or it might be 4 p interest vs capital loss . Perhaps it was worth it for the 'ride' but a stark reminder to be careful what you try . The timing: product launched on 12th sept, first collection on 1st oct, administration 23rd oct... So potentially one could withdraw before administration.
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Greenwood2
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Post by Greenwood2 on Nov 7, 2019 20:42:52 GMT
Not exactly earth shattering 4% for 1 month on a max of £100. But interesting the Zopa bank is getting near.
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Reminds me of the recent FS 30-day access where some people invested £1 (0.4p profit?) for the experience.
. Perhaps it was worth it for the 'ride' but a stark reminder to be careful what you try 