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Post by Ace on Jun 19, 2022 17:44:09 GMT
According to the website: "New investment into the Access Accounts is currently being queued, however withdrawals from the accounts are being processed within one business day." In my recent experience withdrawals from QAA are instant and from 30-Day takes exactly 30 days. I don't understand why would anyone chose to be in this never ending queue. Is it worth keeping the funds idle for an indefinite period of time in hope to get invested in 3.75%-4.1% product? I have no idea either. Perhaps a small amount out of interest to see when it moves. Perhaps a belief that, if there's a populated queue then there must be something worth queuing for.
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dead-money
Rocket to the Moon
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Post by dead-money on Jun 23, 2022 7:48:06 GMT
In my recent experience withdrawals from QAA are instant and from 30-Day takes exactly 30 days. I don't understand why would anyone chose to be in this never ending queue. Is it worth keeping the funds idle for an indefinite period of time in hope to get invested in 3.75%-4.1% product? I have no idea either. Perhaps a small amount out of interest to see when it moves. Perhaps a belief that, if there's a populated queue then there must be something worth queuing for. "if there's a populated queue then there must be something worth queuing for. "
Ah nostalgia ! Back to the USSR ; when people joined queues with no idea what was at the end of the line - usually nothing worth buying at all...
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billt
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Post by billt on Jul 18, 2022 16:04:41 GMT
Against my better judgement, I recently invested 5k in the instant access account, it is taking an age to invest the funds, I would like to withdraw the money but I can't see any way of achieving this has anyone had a similar experience?
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trevor
Member of DD Central
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Post by trevor on Jul 18, 2022 16:51:16 GMT
If it is uninvested in the 3.75% instant cash account then withdraw it to your cash account then withdraw fro cash account to your bank account.
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trevor
Member of DD Central
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Post by trevor on Jul 18, 2022 16:52:39 GMT
I have had an email from AC encouraging me to invest a few pounds that are in my cash account into an IA account. Not much good if it joins a queue.
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billt
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Post by billt on Jul 18, 2022 17:19:13 GMT
If it is uninvested in the 3.75% instant cash account then withdraw it to your cash account then withdraw fro cash account to your bank account. just realised that I had to first cancel the instruction. Thanks for the help
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rscal
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Post by rscal on Jul 18, 2022 18:24:54 GMT
They're just incompetent [redacted] at this stage!
I have just checked. The highest non-non-performing loan is 9% (and there are no others above 8.5%)
I would like AC to explain themselves (if they dare to) b/c just making stuff up is the quickest way to the exit.
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Post by overthehill on Jul 18, 2022 18:30:05 GMT
They're just incompetent [redacted] at this stage!
I have just checked. The highest non-non-performing loan is 9% (and there are no others above 8.5%)
I would like AC to explain themselves (if they dare to) b/c just making stuff up is the quickest way to the exit.
Better plan is to exit like I'm doing. You don't get this BS from other trusted and performing platforms most of which still have zero losses.
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jcb208
Member of DD Central
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Post by jcb208 on Jul 18, 2022 18:40:45 GMT
Had an email telling me I have uninvested funds ,all of 95p.Still waiting for return of capital in the GBA account so not get another penny from me.The rates are rubbish now anyway
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blender
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Post by blender on Jul 18, 2022 20:56:12 GMT
I had two such emails about my 8p uninvested. My other half also had two emails, but that is perhaps justified by leaving 22p uninvested.
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Post by df on Jul 18, 2022 21:37:26 GMT
I had two such emails about my 8p uninvested. My other half also had two emails, but that is perhaps justified by leaving 22p uninvested. In that case my e-mail was well justified. I have £2.78 uninvested. But I don't think my £2.78 will be willing to join the AA queue. Invitation to reinvest in "Up to 10.60% gross interest" default loans doesn't look attractive either.
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IFISAcava
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Post by IFISAcava on Jul 18, 2022 21:46:38 GMT
I had two such emails about my 8p uninvested. My other half also had two emails, but that is perhaps justified by leaving 22p uninvested. I win - I got the email for the 2p I have languishing and not earning interest I also can't withdraw it as they never go thorough with a transfer request.
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easynow
Member of DD Central
Popcorn anyone?
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Post by easynow on Jul 18, 2022 22:13:16 GMT
I had two such emails about my 8p uninvested. My other half also had two emails, but that is perhaps justified by leaving 22p uninvested. I win - I got the email for the 2p I have languishing and not earning interest I also can't withdraw it as they never go thorough with a transfer request. I’ll raise you <£0.01
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Post by jevans4949 on Jul 19, 2022 10:26:50 GMT
I got the email too. On logging in, the only uninvested money was <0.01 in the cash acccount. which I can't move anyway. I have set up bids for £100 on dozens on medium risk loans, and at present other people selling up any interest/repayments coming in are being soaked up. I think this strategy is safer than the access accounts, even though it takes more work.
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IFISAcava
Member of DD Central
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Post by IFISAcava on Jul 19, 2022 16:02:37 GMT
I win - I got the email for the 2p I have languishing and not earning interest I also can't withdraw it as they never go thorough with a transfer request. I’ll raise you <£0.01 OK, next we need to look at the actual value to 12 decimal places of those with <£0.01 to find the ultimate winner
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