ceejay
Posts: 971
Likes: 1,149
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Post by ceejay on Oct 29, 2020 15:36:55 GMT
ceejay Just put a small amount in the 1 year queue at the highest rate possible to maintain access. Thanks for the suggestion, I was aware of that possibility. After not very much thought, I've decided not to bother: RS may or may not have a future for lenders, but if it does then I'm pretty sure it would be in a different form. I am happy to report that my RYI completed well inside 24 hours and the proceeds are now set to withdraw.
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Post by oppsididitagain on Oct 30, 2020 6:50:47 GMT
So late yesterday, my final 1 year loan was repaid early. Since March, I had a total of 14 loans 'active ' totalling 17K all with different maturity dates. The longest being March 2021. I never requested to withdraw any funds from the 1 year (Only access) but they all have repaid early ! I guess this saved me the withdrawal fee, however most were generating over 5% (before the 50% PF extra cont.) so a bit gutted. None of the loan have had the PF payout (when I check the details on my loans) So there Seems to be a lot of liquidity in 1YR, presumably cheaper funding and lots of refinancing going through..
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Post by oppsididitagain on Nov 6, 2020 8:14:57 GMT
Most mornings I check the 1 year rates/queue, just out of curiosity, and to my disbelief. most mornings. someone is lending at 0.6% !!!
With the 50% reduction of interest going to the PF thats 0.30% PA !?
Only £14 this morning but I do wonder if RS have done this so their algo's/bots make people join the lowest rate for the quickest auto re-lend ? Or maybe someone just doesn't know how RS works ? What ever the answer 0.6% is very low...
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Post by oppsididitagain on Nov 9, 2020 10:10:37 GMT
More 1Yr money at 0.6% this morning and Access money at 1.0% !
I guess this can only enhance the speed at which my RYI will be actioned
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beagle
Investor in ratesetter, funding circle, lendy (lesson learnt) and AC
Posts: 670
Likes: 322
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Post by beagle on Nov 9, 2020 13:36:28 GMT
Most mornings I check the 1 year rates/queue, just out of curiosity, and to my disbelief. most mornings. someone is lending at 0.6% !!! With the 50% reduction of interest going to the PF thats 0.30% PA !? Only £14 this morning but I do wonder if RS have done this so their algo's/bots make people join the lowest rate for the quickest auto re-lend ? Or maybe someone just doesn't know how RS works ? What ever the answer 0.6% is very low... there is no demand so the rates are low. they are not lending at all in that market
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Post by oppsididitagain on Nov 9, 2020 14:13:25 GMT
Most mornings I check the 1 year rates/queue, just out of curiosity, and to my disbelief. most mornings. someone is lending at 0.6% !!! With the 50% reduction of interest going to the PF thats 0.30% PA !? Only £14 this morning but I do wonder if RS have done this so their algo's/bots make people join the lowest rate for the quickest auto re-lend ? Or maybe someone just doesn't know how RS works ? What ever the answer 0.6% is very low... there is no demand so the rates are low. they are not lending at all in that market Unless im mistaken, money has just been match at 4.0% in the 1 year.. All orders taken out upto 4.2% ?
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Post by ruralres66 on Nov 9, 2020 15:40:59 GMT
Just did a punt and it was taken- C1346388518378 09/11/2020 12 £100. 00 4.3% 09/11/2021
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Post by overthehill on Nov 9, 2020 17:11:40 GMT
Where the money is coming from for RYI is a mystery to me but I'm down to no 266 to get the last of my money out , apart from the stupid < £10 loans , so radio silence for a little bit longer would be appreciated !! Shitty rates, halved and unpredictable next moves - what's not to like...
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