Getting some cash out quick - whilst it's on the market (RS)

If its a real repayment you shouod be able to withdraw to your bank account now.  Try it.  No need to cancel the Access withdrawal first. 

Well - there's a lesson well learnt. I'm too late, it's been taken and re-invested.



Hi ace, thanks for that input - I invested all of my savings pot into the rolling market (now rather inaptly renamed Access) a few years back - All my eggs in one basket, yes, I know, it was an act of self-confessed idiocy.


At the time it was a reasonable decision, or I so thought, given RS’s track record, the safety net of the provision fund and the apparent transparent framework within which RS operated. Yes, I understood the risks.


However, for unsophisticated investors such as myself it was attractive, a point or two above the contemporary building society rates and that was my target. I’m a fan of RS and I still am, in my view, it was, and still is, the best of the bunch.


Covid 19? There’s nothing I can do to reverse the effects of an act of providence. Devine intervention? Unlikely - so where does this leave investors like myself who having requested a full (not insubstantial) withdrawal and now discovers he’s waiting in line behind 20,000 or so other investors? It could take years, or not happen at all.


I’ll cut to the chase, I don’t want to sit here twiddling my thumbs, watching my chances of ever getting any of my capital back, dribbling away, month by month, year by year.


With “all” my capital in the Access account, is it possible to give me a “comparatively” idiot proof work around, numbered point by point plan of action that will enable me to get as much of my capital out in dribs and drabs as is possible.


I’ll spend every day on it, from morning until dusk, if necessary. Short of flagellation with a knotted rope, this will serve as my penance for being an idiot - I’m a complete novice, please bear with me, I’ll learn quickly, I’m looking for a grocery list e.g.:


1. First, hit the cancel withdraw button?

2. etc.

3. Set the percentage rate.

4. etc.


Finally, without providing further explanation, you could say: Sorry gmd78, it can’t be done, just accept the inevitable and I’ll take on the chin.

Hi gmd78 , I did a list here for someone else on how to set the relevant elements have a look at the link and see if it works for you. It's been working for myself and a number of others. It's particularly for access as its the only one of the new items I have but it will work for all products if "remove to holding" is not an available option.

Give it a go and if you have any further questions or it doesn't work for you ask again and someone else will be able to help.

You can if you use the other options to see what the monthly payments are get an idea as to when payments are going to come in. As there can be loans finish early as you found out I tend to check every day along with Zopa and my emails daily usually first thing in the morning but you can find your own patterns.

Hope this helps

Many thanks to both responses from Ace and aju, you've been very helpful.

Kindly noted - thank you.

Many thanks - all duly noted.

Many thanks - all duly noted and list printed for reference.