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Post by elljay on Jan 1, 2014 11:04:00 GMT
Just wondering if we should start a new thread on Quantitative Easing/Market Distortions caused by Central Bank Policy..? (Question for my fellow moderators) Sounds like a good plan. Plenty to discuss!
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bugs4me
Member of DD Central
Posts: 1,845
Likes: 1,478
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Post by bugs4me on Jan 1, 2014 12:30:18 GMT
This is a subject close to my own heart. I have ended up in a Gold-related discussion on the "Winter Pruning" thread, and my last post covers some very pertinent information on this subject. I'm therefore linking to it here: p2pindependentforum.com/post/2586/threadJust wondering if we should start a new thread on Quantitative Easing/Market Distortions caused by Central Bank Policy..? (Question for my fellow moderators) One reason I suspect many people have found their way into P2P/P2B lending is because of the lousy saving rates available on cash deposits at banks. This is a direct result of the grand QE Monetary Experiment in which we are all living and being forced to contend with. I think it is important to remember and be aware of this, as one of the signs that it's all starting to go horribly wrong will be when Western Central Bankers begin to lose credibility with the markets. We're not quite there yet, but with the "taper capers" theme that took place in the Spring/Summer/Autumn of 2013, I think we're getting closer. Mutual identification/awareness of the likely inflection point could potentially be beneficial for our own investment decisions and those of others. You'd certainly get plenty of input if you started a new thread but I think we all have to bear in mind that the banks, yes including the couple we've all got a stake in, wield enormous influence. I suspect that's one of the reasons why P2P was deliberately left out of ISA's. Why allow P2P's into the party room when you can keep peddling low 0.1% ISA's to the general public. Whatever the general public think of banks and it's certainly not a good impression IMO, the banks will continue doing what they've always done best and that's look after themselves. Even bank shareholders haven't done well. If you work for them, provided you're at the top of the pecking order (or near to it) then just keep grabbing the bonuses on profits that haven't actually been earned. When it goes wrong then you keep the bonus (as you've moved on) and the bank takes the loss. Nice if you can get it. Rant over - have a happy New Year everyone.
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Post by buggerthebanks on Jan 1, 2014 22:02:18 GMT
Bugs4Me, you've echoed my own sentiments, but you probably already guessed as much from my alias  |
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Post by cautious on Mar 30, 2014 12:32:50 GMT
Just a quickie; TSB current account paying 5% went live today....you can have two, £2000 each, and need to pay in £500 mth...... a nice FSCS protected reserve.
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Post by henders on Apr 1, 2014 11:37:58 GMT
Just a quickie; TSB current account paying 5% went live today....you can have two, £2000 each, and need to pay in £500 mth...... a nice FSCS protected reserve. Actually, if you have a partner you can have 6 accounts with £2000 in each (2 for each person and 2 joint accounts). You just have to fund each acct with £500 each month but can then transfer out immediately; you do not need DDs or anything. I have opened 6 accts. (£12K) pay £500 into each (by SO from main current account)) on the 3rd of each month and transfer it back on the 4th (by SO); giving me more than ZOPA and FSCS protected.
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Post by uncletone on Apr 1, 2014 20:48:01 GMT
Smooth talking lot... Two accounts so far, probably more tomorrow.... Thanks for the heads up (as I believe the expression suitable to us streetwise cool dudes is). Might buy a new pair of slippers....
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Post by uncletone on Apr 2, 2014 9:26:30 GMT
Computer says "No" on the second application in the name of the child bride: "According to our records, you have already applied for a current account with us recently. Unfortunately, we're not able to consider another application at the moment." Perhaps because her account is not fully open until she shows some ID in a TSB branch. Maybe you have to have an up and going account before applying for the additional one? I had no problem opening two in my name yesterday, but I'm a heck of a lot more visible on all the databases than my wife.  |
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Post by henders on Apr 2, 2014 11:49:14 GMT
Computer says "No" on the second application in the name of the child bride: "According to our records, you have already applied for a current account with us recently. Unfortunately, we're not able to consider another application at the moment." Perhaps because her account is not fully open until she shows some ID in a TSB branch. Maybe you have to have an up and going account before applying for the additional one? I had no problem opening two in my name yesterday, but I'm a heck of a lot more visible on all the databases than my wife. Is she under 18? (lol). I have to go to branch to sort out joint accounts. Not sure why but opened 2 each easily enough for me and "her indoors".
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kmac
Member of DD Central
Posts: 73 
Likes: 73
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Post by kmac on Apr 2, 2014 12:02:47 GMT
I had to go to the branch too. When completing the application form online, I stopped to read the T&Cs, as you always do!!
When I went back to the application it had timed out. A reapplication was refused as there was an application in process!
A phone call told me that it would stay as being in process for 28 days and there was no way to cancel it and it would be refused after 28 days. I could then reapply. The alternative was offer to make an appointment at the nearest branch for me. No real problem as it is only 10 minutes walk from where I live.
A nice guy there sorted ot all out in about 15 minutes.
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Post by uncletone on Apr 2, 2014 14:22:38 GMT
If only. She recently hit the three score and ten...  (I'm a toy boy, of course.)
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oldgrumpy
Member of DD Central
Posts: 5,087
Likes: 3,233
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Post by oldgrumpy on Apr 7, 2014 20:10:53 GMT
+1 but I have two Vantage accounts and about to open yet another if I can find enough DD's to spread around !! with LLoyds are being withdrawn soon, and are being replaced with something called Club Lloyds current acounts. Nice'n'trendy!! >£1500 in per month, at least two DDs per month, up £5000 bears interest 4% on whole balance (as long as you have >£4000 in the account) - interest calculated daily and credited monthly. 2% <£4000. 1% <£1000 + other "benefits".
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Post by yorkshireman on Apr 7, 2014 22:52:34 GMT
+1 but I have two Vantage accounts and about to open yet another if I can find enough DD's to spread around !! with LLoyds are being withdrawn soon, and are being replaced with something called Club Lloyds current acounts. Nice'n'trendy!! >£1500 in per month, at least two DDs per month, up £5000 bears interest 4% on whole balance (as long as you have >£4000 in the account) - interest calculated daily and credited monthly. 2% <£4000. 1% <£1000 + other "benefits". My understanding is that you can only have one “Club Lloyds” account as opposed to the three Vantage accounts you can presently hold.
Might not be a problem though as my wife and I are running out of Direct Debits!
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Post by valerieb on Apr 8, 2014 7:48:27 GMT
Might not be a problem though as my wife and I are running out of Direct Debits!
Create more Direct Debits by making lots of small payments to Assetz via GoCardless!
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Post by yorkshireman on Apr 9, 2014 15:01:27 GMT
Might not be a problem though as my wife and I are running out of Direct Debits!
Create more Direct Debits by making lots of small payments to Assetz via GoCardless!
Are Go Cardless payments considered to be Direct Debits?
If so, have I got this right?
You’re advocating manually making at least 2 x £20 Go Cardless payments every month Ad Infinitum from the “Club Lloyds” account to Assetz rather than setting up Direct Debits, a facility which is not available on Assetz?
Just to further complicate matters, do Assetz / Go Cardless allow you to have more than one current account registered?
Sorry to ask so many questions but as I said earlier, we’re struggling to find Direct Debits.
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Post by elljay on Apr 9, 2014 16:48:29 GMT
Sorry to ask so many questions but as I said earlier, we’re struggling to find Direct Debits. If you let me have your a/c details I can debit directly from your a/cs for you...
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(I'm a toy boy, of course.)
