am
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Post by am on Mar 9, 2015 15:34:07 GMT
I dipped my toe into the RateSetter waters a month ago, so some money was repaid today. The money from the Monthly Income market is "on market" as expected, but the small(er) amounts of capital and interest returned from the 3 Year Income and 5 Year Income markets ended in the holding account even though I had set them to be reinvested with an interest rate floor. What am I missing?
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Post by Deleted on Mar 9, 2015 15:59:45 GMT
There is a limit on the size of money they will put on the market (check FAQs but I think about £10) until it hits that the auto system will not do it.
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nairda
Member of DD Central
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Post by nairda on Mar 9, 2015 18:55:10 GMT
One thing I would like to see is the source of the funds in the holding account. When I started with RS I was very puzzled as to why I had more than £10 in my holding account despite have chosen to reinvest. It turned out that the figure was the sum of repayments from my three year and five year loans, but neither was large enough, £10, to trigger a reinvestment.
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am
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Post by am on Mar 9, 2015 19:21:20 GMT
Thank you both; less that £10 was returned form each of the two markets, so that explains what's happened.
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