razra
New Member
Posts: 4 
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Post by razra on May 1, 2015 16:53:36 GMT
Just received an email saying their rates are dropping, although website doesn't appear to have been changed despite email saying its changing today.
we are decreasing the interest rates to:
30 Day Easy Access Monthly Interest: 3.50%
30 Day Easy Access Interest Paid on Maturity: 3.55%
Please note the Easy Access interest rate change will take effect today.
We have also changed other Peer to Peer lending interest rates
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Post by betterthanworking on May 1, 2015 17:04:40 GMT
Yes, I just got the email(s) too. 30 day is down, but the longer term deals are up. The five year has gone from 5.25% to 5.5%. How annoying; I have a chunk of that. Still, it's the risk you take with a longer deal.
Looks like they are aiming to tempt stable, longer term cash. And who can blame them.
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Post by mrclondon on May 1, 2015 20:53:14 GMT
Here's the XIRR analysis (almost identical to AER) of the new rates, which sees small increases for the 3 and 5 year terms, and the withdrawal of the 12 month term in favour of an 18 month term. (click on image once logged into the forum to view at full size) |
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bugs4me
Member of DD Central
Posts: 1,841
Likes: 1,466
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Post by bugs4me on May 1, 2015 21:49:59 GMT
Here's the XIRR analysis (almost identical to AER) of the new rates, which sees small increases for the 3 and 5 year terms, and the withdrawal of the 12 month term in favour of an 18 month term. (click on image once logged into the forum to view at full size)There was a 4 year option at one time as I've got a few of those. Took my eye off the W ball as the rates dropped about the same time as the TV advertising started.
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