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Post by df on Mar 7, 2020 20:36:04 GMT
That is very good news. 6.75% on the 90DAA in the current environment looks very attractive. I wouldn't rely on the 6.75% lasting the year...
90DAA can reduce its rate with 90 days notice, and IMHO is long overdue its first reduction from the "introductory" rate, whilst the cashback offer requires funds to remain invested until this time next year.
My bet is that they'll wait until the surge of money arriving in the new tax year has landed (probably with a similar promotion to "lock it in" for a year) and then announce a reduction...
... but on the other hand I would have made a similar bet last summer and the 90DAA rate reduction never actually happened then.
I thought the introductory rate won't last long, but I was wrong, it is still there unchanged  Probably the most efficient AC account ever, 44.5 % of my AC funds are now in 90day (manual used to be my main one). New cashback offer is attractive (very much expected too as it was announced in one of newsletters few months ago), but my diversification strategy doesn't allow me to increase AC funds, I have more in AC than in any other platform.
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james21
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Post by james21 on Mar 10, 2020 10:35:47 GMT
I wont be participating because its this years tax year. If they come up with an incentive for the coming tax year I will do so in my ISA
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warn
Member of DD Central
Curmudgeon
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Post by warn on Mar 11, 2020 9:15:55 GMT
I wont be participating because its this years tax year. If they come up with an incentive for the coming tax year I will do so in my ISA I suppose you could always invest on April 5th, then use those funds the following day to start your 20/21 ISA.
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IFISAcava
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Post by IFISAcava on Mar 11, 2020 9:35:25 GMT
I wont be participating because its this years tax year. If they come up with an incentive for the coming tax year I will do so in my ISA I suppose you could always invest on April 5th, then use those funds the following day to start your 20/21 ISA. Inded - if you were looking to stick new ISA money into the AC ISA, this would be a no brainer (though I'd do the deposit a few days earlier to allow for any bank deposit delays/errors esp given the new system for deposits).
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benaj
Member of DD Central
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Post by benaj on Mar 13, 2020 14:57:33 GMT
That is very good news. 6.75% on the 90DAA in the current environment looks very attractive. It's compounded monthly, 6.90%. Yes, it's definitely more attractive than QAA, and more stable.
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johns
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Post by johns on Mar 15, 2020 11:21:17 GMT
Has this offer been pulled? I notice this morning that my dashboard headline quoting current eligible funds is now reading zero. Not that I'm excited/upset about it. It only comprised interest payments received since the offer launch. Perhaps it's just an IT glitch which has pitched up during the current overhaul of the platform.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Mar 15, 2020 11:23:28 GMT
Has this offer been pulled? I notice this morning that my dashboard headline quoting current eligible funds is now reading zero. Not that I'm excited/upset about it. It only comprised interest payments received since the offer launch. Perhaps it's just an IT glitch which has pitched up during the current overhaul of the platform. Have you switched off swept funds? That would reduce your invested total to below the initial qualifying amount.
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johns
Posts: 35
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Post by johns on Mar 15, 2020 17:06:40 GMT
Has this offer been pulled? I notice this morning that my dashboard headline quoting current eligible funds is now reading zero. Not that I'm excited/upset about it. It only comprised interest payments received since the offer launch. Perhaps it's just an IT glitch which has pitched up during the current overhaul of the platform. Have you switched off swept funds? That would reduce your invested total to below the initial qualifying amount. Hadn't thought of that possibility, but surely if I had transferred totally new funds into my CA (with swept switched off), they would have been included as a qualifying new investment. Newly earned interest credited to the CA would be treated the same?
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Post by Ace on Mar 15, 2020 18:02:02 GMT
It's not an "investment" if it's in the Cash Account and not swept to the QAA, it's uninvested cash.
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Post by mrclondon on May 11, 2020 16:41:30 GMT
Details of this cashback offer (that closed 23:59 5th April 2020) have disappeared from my dashboard (both new and legacy renderings), leaving just the half paid out one from spring 2019.
Anyone know what has happened to this year's promotion (before I email AC to ask) ?
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iann
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Post by iann on May 11, 2020 16:45:50 GMT
Details of this cashback offer (that closed 23:59 5th April 2020) have disappeared from my dashboard (both new and legacy renderings), leaving just the half paid out one from spring 2019.
Anyone know what has happened to this year's promotion (before I email AC to ask) ?
Still showing on my dashboards, did you drop below the starting balance?
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Post by mrclondon on May 11, 2020 16:50:12 GMT
Details of this cashback offer (that closed 23:59 5th April 2020) have disappeared from my dashboard (both new and legacy renderings), leaving just the half paid out one from spring 2019.
Anyone know what has happened to this year's promotion (before I email AC to ask) ?
Still showing on my dashboards, did you drop below the starting balance? Nope. I have made a withdrawal since, but the balance shouldn't have gone below the end figure, never mind the the starting figure many thousands lower. Even if the lack of swept cash has meant I've dipped below the end figure due to loan repayments not being immediately reinvested (which is what I was attempting to check) it should have only reduced it by a small amount.
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Probably the most efficient AC account ever, 44.5 % of my AC funds are now in 90day (manual used to be my main one).
