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It was at 1.5% at the time of my first post. And it doesn't appear to have been at that rate since 23rd August as you suggest, given that the archieve table says it was 1.22% between 24th August and 2nd Sepember (suggesting that it has only been available from today).

Not sure its brand loyalty if i'm honest we have investments and accounts in quite a few banks and a bevy of other companies and options. I always try to make sure the splits are as close as is possible we are not great risk takers having taken lifetime to get to our current fortunate positions.

The secure email statement came from the DF capital website (www.dfcapital.co.uk/), unless they have changed it since yesterday seems they a case of secure emails for in an out transactions unlike the normal approach of more established platforms - i'm happy to be wrong though if they have updated their systems recently but not their website. I found the quote after seeing a number of negative comments on trust pilot and did not understand what they meant but hey TP is not my main port of call for info when i am checking out new prospects.

I have no issue with MSE as such but i always check out companies i don't actually know or are relative new to the arena they could get it wrong and have the necessary disclaimers to cover their R'ses too. Besides Mrs aju is somewhat more simplistic than all that and just did not want to go elsewhere after we had started the new Zopa account rolling and made the relevant NS&I withdrawal requests (Lets hope their site is as fast as they stated to meet the 14 day deadline).

The Zopa banking stuff, like DF capital is covered by the same fscs scheme and since we were limiting input to the normal 85k across the Zopa bank then it's not an issue anyway. (We pulled back our Zopa P2P quite a bit over the last year and that's using non capital funds anyway - we've been there almost since day one I benefit from early adopter returns too and the p2p is not a covered item so all money there is always at risk.

My biggest mistake was missing that her current Zopa 50k investment was closing at the start of October so i might have been less hasty perhaps from a - where will we put that - another dilemma is do i move another 50k into this new loan and take the chance Zopa holds up for a 20 or more days before of the original 50k coming free. That's always an interesting notion too. Perhaps Zopa will punch higher if more players start upping the ante interest wise who knows..

Thanks for the steer though, its always good to look at new options as well as tried a tested ones but as I say i probably wouldn't have gone with an unknown for the sake of £17.50 in our case. As you say 'keep an eye on that' is always a good mantra as is also 'look after the pennies and the pounds will look after themselves' my parents mantra that i try to also follow ...

So last week Zopa was offering 1.4% fixed min £1000 for 1 year this week it's been reduced to 1.36% - I guess they got too many takers .

Moved most of my PB's out to fund Mrs Aju's new Zopa 1.4%. It seems also that Zopa only has limits on the Max amount 250k not the number of accounts one can have. There is only 85k FSCS cover though.

Not correct. Minimum for each account is £1,000 and maximum for each account is £250,000, yes.

But if you look at point 3 of section 5 'Minimum & Maximum deposit requirements'
of their Terms and conditions for the Fixed Term Savings accounts 'You may have more than one Fixed Term Savings account with us at any one time, however, the maximum capital you can deposit across all your Fixed Term Savings

accounts with us at any one time is £500,000.00.

zopa took out a banking license in order to offer credit cards and fixed term savings accounts. Part of being part of the FSCS scheme requires banks to have a licence. The FSCS scheme gives me that comfort that should the worst happen my moneys covered HOWEVER whilst none of can predict what is going to happen I think it’s unlikely Zopa will withdraw fromFSCS or cease their products

The only time the FSCS limit was reduced was back in 2015 when the pound was stronger, they raised it up during Brexit because a similar scheme in EU compensates up to £100,000 and they wanted to match this. The measure was introduced after the banking crisis to prevent savers moving their money across borders to chase the highest level of protection, as was the case when Ireland offered more generous insurance during the height of the crisis in October 2008.

Each country in the EU but not using the euro is obliged to review its limit every five years, but is allowed to make changes in the light of unforeseen events. The Bank of England’s Prudential Regulation Authority (PRA) are the ones who consult on plans to reduce or increase the limits. So it’s not Zopa who moves the goalposts here it’s PRA and the banking industry.

Zopa have been around since the early 2000s; they’ve survived the economic crash of 2008, despite Brexit they continue to remain in London and even thought they have continued to lend to borrowers despite COVID they have made their lending criteria (which I’m guessing is partly contributing to the massive queue times).

It comes to point of trust, if you don’t trust Zopa now you never will.
So maybe do why my friends which is remove all funds and move them to a more “trustworthy” bank

I’ll remain with them, they’ve been good to me so far, and aside from two nudges in over five years of me being their customer I haven’t had to push them for anything. But like I’ve said previously I’ve only checked my statements with them on a monthly basis maybe I should free up some time to check them daily

Neither of us, myself and Mrs Aju, came near to a sniff this month. To be fair though I dumped most of mine into Mrs Aju's Zopa savings account @1.4% so probably can't grumble yet. Her previous zopa savings @ 1.29% ends in a few days so might dump that back into my NS&I until rates are better. Although I notice that Zopa's latest rates are 1.25% but with a bit of action recently they may rise again. 

Probably also put some of it into Marcus in case the covid thingy starts to allow more reliable travel options early next year.(Not that confident about that one as yet though. Also need to keep her levels below the FSCS threshold for pease of mind.)