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Post by Ace on Jun 9, 2022 11:03:27 GMT
Cynergy Bank is currently offering a FSCS-protected 2-year bond at 2.88%. That only leaves a LP Premium rate headroom of 1.12%. I'd think the platform risk alone is worth 1.12% — does anyone agree? Annualized risk of 0.598%? I don't understand you're calculation of "Annualised Risk". I agree that LP rates need to rise soo, but they are still attracting net inflows of cash each day (with the odd daily exception), so as a business they don't need to lift them yet. You also need to take the tie-in length into account. 2 years at CB compared with 60 days at LP (30 days average if you use the rolling withdrawal technique).
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mcfc
I’m invested in Qardus, Loanpad, Proplend, and Crowproperty
Posts: 97
Likes: 65
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Post by mcfc on Jun 9, 2022 11:21:08 GMT
Thanks for your input Ace. You make some valid points as ever, particularly relating to the tie in periods.
Regards
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scooter
Member of DD Central
Posts: 403
Likes: 379
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Post by scooter on Jun 9, 2022 12:02:20 GMT
I agree that rates should be rising, but I am trapped until I get my bonus next December. I guess I'm not the only one.
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Post by overthehill on Jun 9, 2022 12:23:58 GMT
I agree that rates should be rising, but I am trapped until I get my bonus next December. I guess I'm not the only one.
Am I safe to submit a premium account withdraw request 59 days before my bonus due payout date ? I certainly hope so.
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Post by Ace on Jun 9, 2022 12:55:30 GMT
I agree that rates should be rising, but I am trapped until I get my bonus next December. I guess I'm not the only one.
Am I safe to submit a premium account withdraw request 59 days before my bonus due payout date ? I certainly hope so.
I would expect so. I've found LP to be one of the best at paying promised cashbacks on the due dates. Even so, if it were me, I'd probably allow an extra couple of days in case of misunderstandings. You could cancel the withdrawal request if the bonus isn't paid on time.
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Post by Harland Kearney on Jun 9, 2022 16:23:20 GMT
I agree that rates should be rising, but I am trapped until I get my bonus next December. I guess I'm not the only one.
Am I safe to submit a premium account withdraw request 59 days before my bonus due payout date ? I certainly hope so.
I wouldn't, I would leave a few days lee way just to be safe. You can always ask support.
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Post by df on Jun 10, 2022 7:05:25 GMT
I agree that rates should be rising, but I am trapped until I get my bonus next December. I guess I'm not the only one.
Am I safe to submit a premium account withdraw request 59 days before my bonus due payout date ? I certainly hope so.
My wife received her bonus 5 days later than expected.
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Post by redpete on Jul 27, 2022 21:31:29 GMT
Premium accounts will be paying 4.2% from 1st August.
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p2pfan
Member of DD Central
Full-Time Investor
Posts: 781 
Likes: 889
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Post by p2pfan on Jul 28, 2022 0:10:49 GMT
Premium accounts will be paying 4.2% from 1st August. It's a move in the right direction. But the rates were slashed from 5% so should go back up to what they were, at the least.
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Post by birdie on Jul 29, 2022 5:14:00 GMT
Although higher rates are welcome I am quite content with Loanpad if it means they are a profitable and secure p2p platform, I feel safer with Loanpad than any other p2p I am with.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,315 
Likes: 11,523
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Post by ilmoro on Aug 17, 2022 15:31:34 GMT
Couple more rate bumps announced, and including classic this time
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Post by Ace on Aug 17, 2022 15:37:13 GMT
Thread tittle updated from "Rate reductions" to "Rate changes" to better reflect the use of the thread.
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Post by Harland Kearney on Aug 17, 2022 15:48:50 GMT
Couple more rate bumps announced, and including classic this time I haven't received any correspondence. What are the new planned rates at this time? Thank you
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,315
Likes: 11,523
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Post by ilmoro on Aug 17, 2022 15:57:22 GMT
Couple more rate bumps announced, and including classic this time I haven't received any correspondence. What are the new planned rates at this time? Thank you 1 Sep 3.1/4.3%. 1 Oct 3.2/4.4%
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Post by overthehill on Aug 17, 2022 16:05:58 GMT
As the actress said to the bishop, time to pull out.
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