benaj
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Post by benaj on Feb 13, 2020 13:31:16 GMT
I got 0.68% on my classic account and 2.33% for the ISA in for January.
In all the monthly tracking that I did for the ISA account over nearly 3 years, I only went over 6% once.
And since all my loans were achieving more than 5.4% - it never crossed my mind that I would be subjected to an interest shortfall fee. Duped 100%. I believe the XIRR for your ISA from April 6th till 31st Jan would be around the 5.4% region. You will be able to see the current tax year performance if you haven't transferred out by the end of 5th April. p2pindependentforum.com/post/367437
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Post by carol167 on Feb 13, 2020 13:44:13 GMT
I got 0.68% on my classic account and 2.33% for the ISA in for January.
In all the monthly tracking that I did for the ISA account over nearly 3 years, I only went over 6% once.
And since all my loans were achieving more than 5.4% - it never crossed my mind that I would be subjected to an interest shortfall fee. Duped 100%. I believe the XIRR for your ISA from April 6th till 31st Jan would be around the 5.4% region. You will be able to see the current tax year performance if you haven't transferred out by the end of 5th April. p2pindependentforum.com/post/367437
Probably about right, I managed to buy in quite a bit of it at what I thought was supposed to be 6.5, which countered the previous amounts at lower "advertised" rates. (Clearly all lies anyway).
Difficult to tell on the classic account as I'd been running that down the last 2 years (Thank god) and it was a lot less than it used to be.
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mickj
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Post by mickj on Feb 13, 2020 14:04:09 GMT
I no longer know what the hell I'm getting interest wise, I lent a specific rate that's been overturned, I dont understand what the hell is going on any more.. I'm losing trust in this platform fast and have switched back to drawdown and will not be re-investing for the foreseeable future unless I start to get the guaranteed rates on my current loans... Two months again this was my fav platform but now it seems it just wanted to get people to invest with unrealistic rates then stitch everyone up by crashing out those rates, if that was a premeditated plan that I would call it fraud.. Things are far from clear of whats going on now! My feelings exactly. Not clear and transparent, I would like to know exactly what my money is earning, this month, last month and next month, seems this is now to much to expect.
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keystone
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Post by keystone on Mar 5, 2020 11:38:20 GMT
A couple of new interest rates on the platform today to add to the confusion, under view loans, we now have Weighted avg. rate and Weighted avg. rate on active chunks
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IFISAcava
Member of DD Central
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Post by IFISAcava on Mar 5, 2020 11:42:16 GMT
A couple of new interest rates on the platform today to add to the confusion, under view loans, we now have Weighted avg. rate and Weighted avg. rate on active chunks Not present on my account - albeit that I only have a rump left after mostly selling out. EDIT@ it is visible on the classic (with £0 balance) but not on the ISA.
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benaj
Member of DD Central
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Posts: 5,591
Likes: 1,735
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Post by benaj on Mar 5, 2020 12:54:35 GMT
A couple of new interest rates on the platform today to add to the confusion, under view loans, we now have Weighted avg. rate and Weighted avg. rate on active chunks Confused indeed. I notice the same on my account but not my partner's account. It would be great if someone could explain - Lender rate - Weekly rate - Weighted average rate - Weighted average rate on active chunks. Especially the Weighted average rate is more attractive but at the same time is meaningless as I have £0 active chunk.
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Post by Undecided on Mar 9, 2020 15:48:30 GMT
My weighted average on active chunks is less than any of the annualised returns per year shown in the bar chart. How does that work? No wonder they removed the weighted average in January and have only recently sneaked it back in without telling anyone!
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