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Post by martinde21 on Mar 12, 2020 12:28:46 GMT
Hi all
I've calculated my interest repayment average on the 90 day access account for Dec 19 - Feb 20 and it's 4.1%. The introductory target capped rate is 5.75%.
I appreciate the qualification to the target rate as capped, and that AC clearly states actual interests could be lower. I just wondered if anyone else had done this calculation on their holdings.
I don't think 4.1% is outrageously low, as other P2P lenders are offering the same interest in reality.
Best wishes as ever!
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cb25
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Likes: 2,668
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Post by cb25 on Mar 12, 2020 13:50:25 GMT
Hi all I've calculated my interest repayment average on the 90 day access account for Dec 19 - Feb 20 and it's 4.1%. The introductory target capped rate is 5.75%. I appreciate the qualification to the target rate as capped, and that AC clearly states actual interests could be lower. I just wondered if anyone else had done this calculation on their holdings. I don't think 4.1% is outrageously low, as other P2P lenders are offering the same interest in reality. Best wishes as ever! My IFISA account -had balance £20,699.99 on 1 Dec 2019, interest 1 Jan 2020 (for Dec 2019) shows as £99.18, which is £20,699.99 * 0.0575/12 - OK -had balance £20,799.18 on 1 Jan 2020, interest 1 Feb 2020 (for Jan 2020) shows as £99.66, which is £20,799.18 * 0.0575/12 - OK -had balance £20,898.84 on 1 Feb 2020, interest 1 Mar 2020 (for Feb 2020) shows as £100.14, which is £20,898.84 * 0.0575/12 - OK
I'd suggest you contact AC for an explanation
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