dermot
Member of DD Central
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Post by dermot on Mar 26, 2020 22:51:57 GMT
I wonder what will happen to the usual month end interest payment on 90 and 30 day?
Also, there should be the latest scheduled payment from the Green account for the wind turbines.
Anyone heard anything?
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dead-money
Rocket to the Moon
Posts: 746
Likes: 654
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Post by dead-money on Mar 28, 2020 9:59:34 GMT
It will go to whichever account you've nominated to receive interest. I'd suggest that shouldn't be the 'Quick' Access Account. Check your settings on the dashboard.
I'm also expecting the 'Target Capped' interest rate to drop on 1st April...
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dermot
Member of DD Central
Posts: 863
Likes: 517
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Post by dermot on Mar 29, 2020 9:36:19 GMT
I was thinking more will cash actually be available to make these repayments on schedule.
Still, only a couple of days and I guess we'll find out!
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mrsb
Posts: 196
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Post by mrsb on Mar 29, 2020 13:45:01 GMT
Perhaps the new (exclusive to AC) definition of proportionality will be extended to the distribution of interest?
I hope not of course.
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Post by Ace on Mar 29, 2020 16:33:12 GMT
There needs to be some kind of shared blended rate for all stuck funds. If I’ve requested a QAA withdrawal today and my partner requested a 30DA withdrawal 30 days ago, will it still make sense for us to receive different interest rates, even though our money is still stuck, in six months time? In two years time? If not, and AC add an option to move a QAA balance directly to a 90DA balance, then which pessimist wouldn’t take advantage of that facility?One that doesn't want to add an extra 90 days to when they can access their cash.
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lara
Posts: 345
Likes: 300
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Post by lara on Mar 29, 2020 16:38:01 GMT
Perhaps the new (exclusive to AC) definition of proportionality will be extended to the distribution of interest? I hope not of course. Please don't give them any ideas!
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