rscal
Posts: 916
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Post by rscal on Aug 17, 2022 16:19:28 GMT
As the actress said to the bishop, time to pull out.
Yes, but 'gradually' Timothy, 'gradually'.
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Post by overthehill on Aug 17, 2022 18:23:57 GMT
As the actress said to the bishop, time to pull out.
Yes, but 'gradually' Timothy, 'gradually'.
It's not big enough as the actress said to the bishop.
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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
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Post by ilmoro on Aug 17, 2022 18:40:36 GMT
Yes, but 'gradually' Timothy, 'gradually'.
It's not big enough as the actress said to the bishop.
Ah, but it is grower
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agent69
Member of DD Central
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Post by agent69 on Aug 17, 2022 19:59:15 GMT
Did the actress say anything else to the bishop that might help with my P2P investments?
I'm getting close to needing to liquidate some of my assets to cover day to day expenses. It's either Loan Pad or Premium bonds. Decisions, decisions
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Post by overthehill on Aug 18, 2022 7:28:40 GMT
Did the actress say anything else to the bishop that might help with my P2P investments?
I'm getting close to needing to liquidate some of my assets to cover day to day expenses. It's either Loan Pad or Premium bonds. Decisions, decisions
Let's see what you've got and I can't help you as the actress said to the bishop.
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littleoldlady
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Running down all platforms due to age
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Post by littleoldlady on Aug 31, 2022 11:29:51 GMT
A meagre increase but not enough to tempt me back in.
Please note that interest rates on all your accounts will be increasing tomorrow. Classic/ISA Classic accounts will be going up to 3.10% and Premium/ISA Premium accounts will be going up to 4.30%.
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Aug 31, 2022 11:57:12 GMT
A meagre increase but not enough to tempt me back in. Please note that interest rates on all your accounts will be increasing tomorrow. Classic/ISA Classic accounts will be going up to 3.10% and Premium/ISA Premium accounts will be going up to 4.30%.I'd have to agree. I've maintained my holding, but was planning to increase it this year but not at these rates.
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Steerpike
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Post by Steerpike on Aug 31, 2022 12:04:40 GMT
A meagre increase but not enough to tempt me back in. Please note that interest rates on all your accounts will be increasing tomorrow. Classic/ISA Classic accounts will be going up to 3.10% and Premium/ISA Premium accounts will be going up to 4.30%.I didn't want all of my ISA in Stocks and Shares and so I have an investment in the Loanpad 60d account, are you able to recommend an alternative?
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littleoldlady
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Running down all platforms due to age
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Post by littleoldlady on Aug 31, 2022 16:45:13 GMT
A meagre increase but not enough to tempt me back in. Please note that interest rates on all your accounts will be increasing tomorrow. Classic/ISA Classic accounts will be going up to 3.10% and Premium/ISA Premium accounts will be going up to 4.30%.I didn't want all of my ISA in Stocks and Shares and so I have an investment in the Loanpad 60d account, are you able to recommend an alternative? No. If you are prepared to accept some risk, even if minimal, in return for a fractionally better rate then LP is the best. Some of us are old enough to remember companies less risky than LP going under and so demand a premium for taking any risk. The premium level will vary with each individual; in my case at least 3% for instant access.
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Post by Ace on Sept 28, 2022 12:34:30 GMT
Loanpad announce further rate rises:
As from 01 November 2022
Classic / ISA Classic 3.40% Premium / ISA Premium 4.60%
As from 01 December 2022
Classic / ISA Classic 3.60% Premium / ISA Premium 4.80%
That's more like it. We'll done Loanpad.
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IFISAcava
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Post by IFISAcava on Sept 28, 2022 12:47:02 GMT
Loanpad announce further rate rises: As from 01 November 2022 Classic / ISA Classic 3.40% Premium / ISA Premium 4.60% As from 01 December 2022 Classic / ISA Classic 3.60% Premium / ISA Premium 4.80% That's more like it. We'll done Loanpad. Still not enough for me - you can get 4.1% on a 1 year fix with full FSCS protection, and that will only rise.
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Post by Ace on Sept 28, 2022 12:50:38 GMT
Loanpad announce further rate rises: As from 01 November 2022 Classic / ISA Classic 3.40% Premium / ISA Premium 4.60% As from 01 December 2022 Classic / ISA Classic 3.60% Premium / ISA Premium 4.80% That's more like it. We'll done Loanpad. Still not enough for me - you can get 4.1% on a 1 year fix with full FSCS protection, and that will only rise. Is hardly fair to compare a 1 year fix with a 60 notice account. The 1 year fix also locks you in so that you can't benefit from further rises, unlike Loanpad.
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IFISAcava
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Post by IFISAcava on Sept 28, 2022 12:55:26 GMT
Still not enough for me - you can get 4.1% on a 1 year fix with full FSCS protection, and that will only rise. Is hardly fair to compare a 1 year fix with a 60 notice account. The 1 year fix also locks you in so that you can't benefit from further rises, unlike Loanpad. maybe, but it isn't really a 60 day notice account - and I know I am preaching to the converted, but... the risk is very real that a) you cant get your money after 60 days and b) your capital isn't 100% safe, hence the premium, and I just don't think the current premium is enough to price in that risk at 4.8%. Each to their own.
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p2pfan
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Full-Time Investor
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Post by p2pfan on Sept 28, 2022 14:30:35 GMT
Today's latest rise in rates keeps me lending via LP.
I agree with the above that the increased risk of P2P lending doesn't make these returns generous compared to ever-increasing bank savings rates where there is no risk of capital loss, but, still, certainly with the forthcoming 4.8% rate for the LP Premium account, it seems like a fair return.
Obviously LP pays on a daily basis. For anyone whose maths is better than mine, what is 4.8% p.a. paid on a daily basis, if all the received sum is reinvested with the same LP account please?
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Post by Ace on Sept 28, 2022 15:31:03 GMT
Today's latest rise in rates keeps me lending via LP. I agree with the above that the increased risk of P2P lending doesn't make these returns generous compared to ever-increasing bank savings rates where there is no risk of capital loss, but, still, certainly with the forthcoming 4.8% rate for the LP Premium account, it seems like a fair return. Obviously LP pays on a daily basis. For anyone whose maths is better than mine, what is 4.8% p.a. paid on a daily basis, if all the received sum is reinvested with the same LP account please? 4.917%
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