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Post by xjlc on Nov 3, 2020 21:48:14 GMT
Hi guys
I received my October statement and my interest was the princely sum of -£12.10...
Can someone explain why that is? Is it because I took money down off of the market this month whilst it was waiting to be matched?
Thanks
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beagle
Investor in ratesetter, funding circle, lendy (lesson learnt) and AC
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Post by beagle on Nov 4, 2020 9:59:46 GMT
Hi guys I received my October statement and my interest was the princely sum of -£12.10... Can someone explain why that is? Is it because I took money down off of the market this month whilst it was waiting to be matched? Thanks no mate, it is actually incompetence at its finest. Do not worry, check your account online it should be fine. this is one of ratesetter's strong points - making a mess.
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joepf
New Member
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Post by joepf on Nov 4, 2020 10:45:16 GMT
I was about to ask the same question. My interest also shows as negative on the email statement received yesterday. Did they just mistakenly insert a minus sign in everybody's statements?
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Post by Ace on Nov 4, 2020 11:02:10 GMT
I was about to ask the same question. My interest also shows as negative on the email statement received yesterday. Did they just mistakenly insert a minus sign in everybody's statements? No, not everyone's is negative. I got a positive 12 pence, though I'm lucky enough to have gotten most of my cash out of RS.
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
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Post by dave4 on Nov 4, 2020 11:53:15 GMT
Positive returns for me also. Not a lot, but positive.
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benaj
Member of DD Central
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Post by benaj on Nov 4, 2020 11:57:54 GMT
I've just tested my eyesight with RS October statements on all my accounts
POSITIVE, POSITIVE, POSITIVE & POSITIVE
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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 Nov 4, 2020 11:58:50 GMT
I've just tested my eyesight with RS October statements on all my accounts POSITIVE, POSITIVE, POSITIVE & POSITIVE tested negative for covid-19 and positive for Rs-virus 19
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aju
Member of DD Central
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Post by aju on Nov 4, 2020 13:12:18 GMT
I've just tested my eyesight with RS October statements on all my accounts POSITIVE, POSITIVE, POSITIVE & POSITIVE Similar for us too, mind you they are much lower now mostly as a result of getting 1Y and 5Y cleared out - except for a few <£10 dregs in 5Y.
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joepf
New Member
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Post by joepf on Nov 4, 2020 13:17:19 GMT
Just received an email back from RS saying that the statement showing negative interest is incorrect and that I'll receive a new statement.
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Post by xjlc on Nov 4, 2020 14:27:36 GMT
Thanks guys
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Post by GSV3MIaC on Nov 4, 2020 15:16:48 GMT
Just received an email back from RS saying that the statement showing negative interest is incorrect and that I'll receive a new statement. Stick around, the BOE will probably be trying to make negative interest a reality before too long.
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aju
Member of DD Central
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Post by aju on Nov 4, 2020 15:28:21 GMT
Just received an email back from RS saying that the statement showing negative interest is incorrect and that I'll receive a new statement. Stick around, the BOE will probably be trying to make negative interest a reality before too long. Yeah not a great prospect that one but looking more likely as things progress. We've decided to convert our garden shed into a bank vault for when we withdraw any funds that we have that might cost to stash in a bank!. All joking aside at least we recently farmed a good chunk of returned P2P and other fscs funds into considerably better fixed rates than are available at present a few months ago. I might also leave £500 quid in the NS&I account at 0% if they don't actually start charging for it so we can run funds easily back into that account. I might even consider running both our funds into Premium Bonds as whilst its not my first choice its definite better than 0%! Having already availed ourselves of free bank account transfers money so far we will keep an active eye open for new opportunities in that arena too.
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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 Nov 4, 2020 17:33:01 GMT
Stick around, the BOE will probably be trying to make negative interest a reality before too long. Yeah not a great prospect that one but looking more likely as things progress. We've decided to convert our garden shed into a bank vault for when we withdraw any funds that we have that might cost to stash in a bank!. All joking aside at least we recently farmed a good chunk of returned P2P and other fscs funds into considerably better fixed rates than are available at present a few months ago. I might also leave £500 quid in the NS&I account at 0% if they don't actually start charging for it so we can run funds easily back into that account. I might even consider running both our funds into Premium Bonds as whilst its not my first choice its definite better than 0%! Having already availed ourselves of free bank account transfers money so far we will keep an active eye open for new opportunities in that arena too. Aju, do you invest in stocks? If you spend as much time on the market vs some of these tactics you might create generate a fair bit. Naturally, each to their own, and there are risks, however, you clearly have enthusiasm to extract all possible yield from every avenue and it might prove financially solid. Just my opinion. (I have 20% cash in bank of my assets, so this might be your strategy too).
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coogaruk
Hello everyone! Anyone remember me?
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Post by coogaruk on Nov 4, 2020 17:37:33 GMT
Stick around, the BOE will probably be trying to make negative interest a reality before too long. I might also leave £500 quid in the NS&I account at 0% if they don't actually start charging for it so we can run funds easily back into that account. I was thinking of doing that too but am still undecided. Wouldn't it be just as easy to open another IB account? 500 is quite a wedge to leave earning 0.01%
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aju
Member of DD Central
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Post by aju on Nov 4, 2020 18:08:32 GMT
Yeah not a great prospect that one but looking more likely as things progress. We've decided to convert our garden shed into a bank vault for when we withdraw any funds that we have that might cost to stash in a bank!. All joking aside at least we recently farmed a good chunk of returned P2P and other fscs funds into considerably better fixed rates than are available at present a few months ago. I might also leave £500 quid in the NS&I account at 0% if they don't actually start charging for it so we can run funds easily back into that account. I might even consider running both our funds into Premium Bonds as whilst its not my first choice its definite better than 0%! Having already availed ourselves of free bank account transfers money so far we will keep an active eye open for new opportunities in that arena too. Aju, do you invest in stocks? If you spend as much time on the market vs some of these tactics you might create generate a fair bit. Naturally, each to their own, and there are risks, however, you clearly have enthusiasm to extract all possible yield from every avenue and it might prove financially solid. Just my opinion. (I have 20% cash in bank of my assets, so this might be your strategy too). Not really, bit too iffy for my liking or worse understanding. That said I do have some shares - mainly for the dividend returns. I got some of them from working for a very large comms company before I quit but sadly they are on a dividend furlough at the moment and as they were mostly free (bonuses etc) and at present are not even worth what they were worth value wise when I was awarded them I have never considered selling them off. Sadly the dividends were quite an addition to our funds year on year so hopefully they will be back again albeit probably less than they were when they were halted earlier in the covid period. Other than that I know a lot of people who thought they knew what they were doing and didn't so I have always been a bit wary of things I don't understand. So no I don't dabble in the stocks area. You are right though being retired one has to be as close to ones investments and I did have more in P2P than I should have but my cash levels are now quite high and while the rates are not that great they are better than most people I feel. Usually we are gadavanting all over the world but currently are stuck at home most of the time - wrong side of the vulnerable ages since covid sadly but hey the NI we contributed to over the last few years after real work gets us both a good NSP too so mrs Aju can still do her, now online, beloved shopping. Those extra NI payments to mitigate the Contracted Out losses in our DB pensions should give us a comfort most people do not have access to or dream to have access to. And only got to live another 3.5 years to be in profit with those contributions too!. Sadly taxman takes some it albeit via my work pension. So no I have not seriously considered stocks and probably never will but I understand why some can and do and I wish them all well in the ventures. Thanks for the suggestion though.
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