Money spread ratio between current accounts and P2P

Thanks for advice.

Current account situation is a pain but with standing orders it takes care of itself

Currently no defaults so the figures quoted is what i am getting.

Running at just short of 5% overall but feel i can do better. Just means adding in more risk which is something i am not sure of doing at this current time.

Reading a few threads seems a lot of people are pulling there money out of P2P , not adding to it.

You are a bit light on info.

What are you saving for?  House deposit, retirement, general savings etc
Hold old are you? 
When do you need to access these funds, if at all.
How much time can you spare running investments?
etc etc

Running 10 current accounts and keeping track of 7 p2p platforms, seems like hard work to me.

Am I being soft here but based on the information provided and knowing that there are precious few of the bank accounts and the restriction on numbers you are allowed to have and how much invested isn't it possible to work out your investment total. Based on the 5% accounts and the limited bank/s that have them and their limits.

If it is I would consider just grouping all the bank accounts together as one element, and percentage 69%

For me I have 

Instant Access 
  Top Rate Current accounts ( 46%) 
  Best possible ISA ( 13%) (Waiting for right P2P ISA)
 
Delayed Access
  Zopa (11%)
  Shares ( 30%)

We are using the Top rate CA's to top up pensions the ISA are re-invested when rates change.

The shares pie may seem a bit high but the Divi's are what's the important thing there. They are just too good not to hang onto. We took a bit of a capital hit when brexit vote result came in but they would never be the first sale item in the portfolio unless their return levels became untenable. 

Running 10 accounts is small fry, once you get the hang of it you can automate most of them especially if you keep money in the accounts as well. We have 6 Hfx that have nothing in them except for the round robin day.

Because I get better than most bank current accounts I am still in Zopa P2P only but we have 2 accounts with similar spreads across Classic (85%), Plus(10%) and PreSafeguard (5%).

I am happy with the returns I get in the current setup I am in and its been that way since I early retired a few years ago now. I started in P2P nearly 10 years ago and have not lost a penny yet - time can still tell though. One of the reasons I punted out into Z+ was that earlier experience showed that it might be ok!.

Hope this helps but don't forget that the new landscape may not be as kind as the old one so all bets are off if it goes bad. 

Pulling out - bar humbug.

The only reason I can see for moving from one place to another or pulling out is because there is a better rate at similar risk level. The risk level is key for me as I am working with money I mostly cannot afford to lose - I need to spend it elsewhere on the rest of my life. Having worked hard for the money - well most of it - I want to both savour it for as long as possible.

I can't understand keeping money in the banks at 0.01% when you can get 5% AER at some banks - of course not all people can get those accounts and it can't be long before they are pulled I guess.

One thing most people on P2P don't pick up on is that 5% on them is really only slightly more than 2.5% if you don't have the re-invest option on. The compounding is more crucial in P2P. Its more similar to regular saver than lump sum savings. Overall though for Me Zopa has been a big vehicle and a lucrative one.  

My bank accounts are definitely not breaking the £75k barriers, although with us still in the eu and the pound/euro rate a tad lower than when they were set that may change.

The worst case scenario would be the Santander ones as they are the only bank that allows up to 20k at 3% however since the rules only allow at best 2 accounts and we only have 3 ( We have a joint one) the max we could put in is 20k per account (60k total) well below the 75k and even then its actually only 30k each. There are other issues of consolidated banks eg lloyds/hfx/bos etc so I keep an eye on mergers etc. Some have seperate connections so i use

www.moneysavingexpert.com/savings/safe-savings#tool

to give me complete comfort.

I also keep track of the interest rates and for the Santander and their recent change of fee I monitor the rates closer as I only get enough cashback on one. to cover the fee As I spend money (well the wife spends it ;-)) I make sure we are dripping it out of the account that reduces the interest rate the least.

Its work I know but to me its giving us just shy of £300 a month before tax so its not to be sniffed at. Someone said its not truly safe - I guess thats sort of true but c'mon if they let the banks got belly up we have more serious problems.

The other issue is that the banks are gonna notice soon and then i'll have to find another approach.

Are they true rates though, or are they only achievable whilst recycling.

whats your attitude to risk though - where can I go to check these types out - sorry i'm only clued up on much lower rate platforms like zopa - even on plus there I am lending out to people at average of 10-11% but I can't really see that it will be much better than projected 6-7% values after defaults etc. Having said that in the past the defaults have been far outweighed by the returns.

The due diligence on the secured types of loans surely has to be spotless to reduce the risk levels to that you are suggesting.

Your point about the bank returns being so low is surely not relevant unless you take risk levels into account. My risk acceptance level is clearly just much lower than yours or I've got less money I am prepared to punt out on.