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Post by kebabby1 on May 18, 2020 7:57:58 GMT
Hello
I cant seem to find the charge for 1 year accounts if I withdraw now, it mentions the Access etc. I've had a read through all the current posts.
Thanks in advance.
J
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r00lish67
Member of DD Central
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Post by r00lish67 on May 18, 2020 8:01:08 GMT
Hello I cant seem to find the charge for 1 year accounts if I withdraw now, it mentions the Access etc. I've had a read through all the current posts. Thanks in advance. J 0.3%, according to this. If, of course, you actually reach the end of the queue before your year is up. 
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beagle
Investor in ratesetter, funding circle, lendy (lesson learnt) and AC
Posts: 670
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Post by beagle on May 18, 2020 19:22:41 GMT
0.3% of capital mind, it might be worth just waiting for it to repay direct to your holding account if it is a big amount
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gg
Posts: 83
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Post by gg on May 18, 2020 21:11:00 GMT
If a loan of £1000 was made in the 1 year market, should the capital and interest be repaid 1 tear after the loan was made?
gg
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ceejay
Posts: 971
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Post by ceejay on May 18, 2020 21:28:25 GMT
If a loan of £1000 was made in the 1 year market, should the capital and interest be repaid 1 tear after the loan was made? gg That's the normal arrangement, although some loans do pay early. As for what's happening now, your guess is as good as anyone's...
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beagle
Investor in ratesetter, funding circle, lendy (lesson learnt) and AC
Posts: 670
Likes: 322
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Post by beagle on May 18, 2020 21:33:50 GMT
what do you mean your guess??? After the year it repays. it could be early if the loan settles. If you set your reinvestment settings to holding then it does that if you don't it doesn't. there isn't that much to guess I'm not sure we can even remotely blame ratesetter here |
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gg
Posts: 83
Likes: 61
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Post by gg on May 18, 2020 21:52:23 GMT
Thanks, that’s what I thought.
The loan was dated September last year so we’ll have to wait and see what happens. Hopefully it’ll be repaid in September or the provision fund will cover it.
gg
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beagle
Investor in ratesetter, funding circle, lendy (lesson learnt) and AC
Posts: 670
Likes: 322
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Post by beagle on May 18, 2020 22:06:27 GMT
in theory yes.
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