ashtondav
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Post by ashtondav on Feb 10, 2020 11:02:11 GMT
P2p rates appear to be falling. Most recently the problems at LW and before that RS and Zopa. So how can AC maintain 5.75% on 90 day money with many ML rates at 7.5%?
Should we be bracing for rate reductions on qaa and 30d?
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amwinv
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Post by amwinv on Feb 10, 2020 12:39:53 GMT
But dont you see the problem there?!?! You have "no issue" with p2p rates dropping below 4%? Madness.
I get that the access accounts seem "safer". For now. In theory. But that is only until something bad happens. Then it would be locked into exactly the same individual defaulted p2p loans that are on at much higher rates to the MLA lenders.
Let me say that again.
Locked into defaulted p2p loans.
For under 4%.
The risk is just really not worth it anymore. The loans are as questionable now as they ever were years ago when we got 12% or more. They aren't somehow getting safer are they? Us lenders are just getting more desperate for any rate that beats 1.5% in FSCS accounts.
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