ashtondav
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Post by ashtondav on Dec 22, 2019 18:29:08 GMT
Yep moved a good wedge at 4.4%. Not a nibble at 5.2% in max, though.
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r00lish67
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Post by r00lish67 on Dec 22, 2019 18:39:48 GMT
Yep moved a good wedge at 4.4%. Not a nibble at 5.2% in max, though. That's weird. Currently £10k of cash at 5.4% in MAX is available. Surely your offer has been taken/removed? edit: did a trial buy - says "At 5.4% you're at the front of the queue and should get matched quickly"
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ashtondav
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Post by ashtondav on Dec 23, 2019 11:38:40 GMT
Hmmm, very strange. When i looked at my account it showed exactly the same on offer on access as on max. Must have been some kind of system error and one of those offers (presumably plus) did not in fact exist!
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Post by gravitykillz on Dec 25, 2019 9:19:26 GMT
Recieved a repayment yesterday but struggling to reinvest as rate seem quite low currently 2.9% is the average right now! A few days ago we were hitting 4%+
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benaj
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Post by benaj on Dec 25, 2019 10:40:09 GMT
Recieved a repayment yesterday but struggling to reinvest as rate seem quite low currently 2.9% is the average right now! A few days ago we were hitting 4%+ I don't mind 2.9% as long as it is funded with my "debit card".
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Post by gravitykillz on Dec 25, 2019 11:22:42 GMT
I mind 2.9%. As tsb offer 3% with fscs via classic account.
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Post by stevepn on Dec 25, 2019 12:11:37 GMT
I mind 2.9%. As tsb offer 3% with fscs via classic account. The 3% is only on balances upto £1,500 above that it is zero%.
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aju
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Post by aju on Dec 25, 2019 12:52:09 GMT
I mind 2.9%. As tsb offer 3% with fscs via classic account. The 3% is only on balances upto £1,500 above that it is zero%. It allows 2 accounts though so technically it's £3000, also one can just copy money from 1 account to another to satisfy the rate generating criteria and it allows standing order to do this too. Pretty much hands off except its advisable to remove the interest each month to say santander so at least the interest is working elsewhere. I notice also when I log in that you can recommend a friend and get £75, Mrs Aju did this a few years back but sadly we've outrun all these types of deals so we just keep 1500 in each of the accounts and let them work for us. We do similar with other accounts too but it does feel like these type of accounts are dwindling monthly. We also use reg savers in Santander and N/W the later of the two is 5% so over the 12 months it will get approx 2.6% relative to an ordinary lump sum savings account. Sadly N/w will only work for us until Feb as they have stopped it or at least dropped it. The whole banking sector has seemed to drop away from rates that are worth working with - let's hope p2p doesn't fall by the wayside too. PS don;t tell Mrs Aju we'll soon have more spare cash no longer really working for us as she'll start arguing that we might as well spend before inflation tax reduces it!.
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Post by Deleted on Dec 25, 2019 13:21:37 GMT
The 3% is only on balances upto £1,500 above that it is zero%. It allows 2 accounts though so technically it's £3000, also one can just copy money from 1 account to another to satisfy the rate generating criteria and it allows standing order to do this too. Pretty much hands off except its advisable to remove the interest each month to say santander so at least the interest is working elsewhere. I notice also when I log in that you can recommend a friend and get £75, Mrs Aju did this a few years back but sadly we've outrun all these types of deals so we just keep 1500 in each of the accounts and let them work for us. We do similar with other accounts too but it does feel like these type of accounts are dwindling monthly. We also use reg savers in Santander and N/W the later of the two is 5% so over the 12 months it will get approx 2.6% relative to an ordinary lump sum savings account. Sadly N/w will only work for us until Feb as they have stopped it or at least dropped it. The whole banking sector has seemed to drop away from rates that are worth working with - let's hope p2p doesn't fall by the wayside too. PS don;t tell Mrs Aju we'll soon have more spare cash no longer really working for us as she'll start arguing that we might as well spend before inflation tax reduces it!. You do get the full 5% on the regular saver account - it's just that your balance starts with 1 month's payment and ends at 12 months' payments so your average balance is 6 months' payments. In other words your average balance is half the final balance, rather than the interest rate being halved.
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aju
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Post by aju on Dec 25, 2019 15:08:42 GMT
Its actually slightly better than even that as I keep the donor money in Santander at 1.5% but you are right of course that why I compared it relative to a lump sum investment.
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Post by gravitykillz on Dec 26, 2019 8:20:18 GMT
'Ratesetter is currently undergoing maintenance ' I guess that means they are further patching up the software. So even 4% on access might be a big ask now.
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benaj
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Post by benaj on Dec 26, 2019 14:04:59 GMT
Back to normal it seems.
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TheDriver
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Post by TheDriver on Jan 8, 2020 5:55:37 GMT
A: Because at exactly the same moment you had 4.1% on Access you could have 5.1% on Max. But hasn't that relationship changed? Didn't it used to be 3% Access, 4% plus and 5% Max, ie a 2% points difference. Yes, the differential has been compressed to 3/3.5/4%, but they move (more or less) in sync as Stonk notes. At that point Plus would have been trending at 4.6%. HtH
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TheDriver
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Post by TheDriver on Jan 8, 2020 6:21:45 GMT
5.1% is not very good for 5 year rate. The market seems to agree. Yesterday, the rate available on the 1yr market overtook the 5yr market for the first time in almost a year. Oh for the chance of 5%+ on the 5 year! For some reason many currently seem content to go with even more paltry high 4s, given the ~£5m mountain at 4.7% now, so contrary to @berniethedolt's comment the market DISagrees with stevepn - although I completely agree with him. Seems almost a no-brainer to go with 1 year at the same rate, except for those no longer admitted 😚 or possibly anyone anticipating a continuing decline in rates and wanting to secure current rates for a longer -term.
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Post by gravitykillz on Jan 12, 2020 10:40:47 GMT
First time I have seen rs above 2.9 in 2020. May hit 4% by this evening?
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