aju
Member of DD Central
Posts: 3,500 
Likes: 924
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Post by aju on Sept 22, 2020 18:30:40 GMT
May be interest.... paragon paying 1.3% for 1 year fixed. Fscs protected and better than nsi and RS On another matter. Ratesetter in my opinion have been professional so far in all regards. As any says zopa are showing some big defaults, Ac 20% of my loans in default or non trading and LW.... enough said. Shame Rs ended up like this as I've always found the staff polite and helpful. I'm not seeing this, my defaults on Zopa have been pretty steady for the last few months, earnings about the same (after defaults) month on month. But I'm not running down my account or could just be luck. Zopa fixed rate fixed term FSCS protected not bad at 1.29% for one year (I'm sure that's gone up again from a day or so ago!). I hope not just punted £10k into ZopaBank for Mrs Aju - I told her it was FSCS protected and she said do it before it goes down with the rest of them. She was a bit iffy about not seeing it for 12 months but when I told it would get an extra £5 for getting in there on the opening date rather than spending the 14 days dithering. She was also happy that we did not have to pack it under the mattress as she hates a lumpy bed ... Marcus will be sliding down the abyss from 1.05 soon so might have a few punts with that one and then there is NS&I in 8 weeks or so too ... Bring me some more sweetened current accounts please!  To be fair to Zopa we have been selling out on the ISA side since Mar - took a while but did move quite a bit of funds. The ISA side is as you say suffering in this way as no relending to prop them up. On the invest side its les so but then we had already sold out most down to just PF stuff left. Only need a couple of defaults there to kill the monthly interest but it is more stable due to the protected funds.
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aju
Member of DD Central
Posts: 3,500
Likes: 924
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Post by aju on Sept 22, 2020 18:39:59 GMT
May be interest.... paragon paying 1.3% for 1 year fixed. Fscs protected and better than nsi and RS On another matter. Ratesetter in my opinion have been professional so far in all regards. As any says zopa are showing some big defaults, Ac 20% of my loans in default or non trading and LW.... enough said. Shame Rs ended up like this as I've always found the staff polite and helpful. Was a good shout, but already been removed today: "Sorry, this product is currently unavailable." Zopa's 1y is 1.29% hence the reason I thought we'd give it a go. Bit weird front end but hey its faster payments so its quite quick from bank to zopa. Did £100 first before letting rip though just to try it out.
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gmd78
Posts: 57
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Post by gmd78 on Sept 22, 2020 19:51:49 GMT
Shame Rs ended up like this as I've always found the staff polite and helpful. Ironically for me that led to a false sense of security! I can vouch for both of those statements, for someone who should have known better, I feel I've been hoisted by my own petard and hung out to dry on the yardarm. If I do a bit of self-analysis, I suppose that's why I've reacted in the way that I have, but probably shouldn't have done....suffice to say, you're never too old to learn... 
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Greenwood2
Member of DD Central
Posts: 4,376
Likes: 2,780
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Post by Greenwood2 on Sept 23, 2020 6:43:56 GMT
May be interest.... paragon paying 1.3% for 1 year fixed. Fscs protected and better than nsi and RS On another matter. Ratesetter in my opinion have been professional so far in all regards. As any says zopa are showing some big defaults, Ac 20% of my loans in default or non trading and LW.... enough said. Shame Rs ended up like this as I've always found the staff polite and helpful. Was a good shout, but already been removed today: "Sorry, this product is currently unavailable." I did one yesterday morning (22nd), so must have been about the last in. Two year is still there at 1.35%.
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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 Sept 29, 2020 17:23:15 GMT
Was a good shout, but already been removed today: "Sorry, this product is currently unavailable." I did one yesterday morning (22nd), so must have been about the last in. Two year is still there at 1.35%. wait for the BOE to suggest negative LIBOR and rates
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Post by cheapaschips on Sept 30, 2020 8:23:03 GMT
I did one yesterday morning (22nd), so must have been about the last in. Two year is still there at 1.35%. wait for the BOE to suggest negative LIBOR and rates And then recommend cash is spreading the virus and make all financial systems digital. The World Economic Forums 'Great Financial Reset' meeting has been postponed from January until early summer, so I suppose we have a little more time! One thing they are getting excited about is a 'solidarity' tax to sure up the welfare system. If you were to be extremely paranoid, it seems like the 'middle class' are going to be the the main 'cash cow' for the government in the future, but who knows. Some one years still hovering around 1.20% on HL
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