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Post by bobthebuilder on Mar 31, 2017 13:59:24 GMT
Just noticed that the QAA target rate displayed on the dashboard appears to have risen from 3.75% to 3.90%, although the text behind the 'Show More' link hasn't been updated and says the rate is capped at 3.75%. Does anyone know if this is genuine - it's too early to be an April Fool's joke  |
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oldgrumpy
Member of DD Central
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Post by oldgrumpy on Mar 31, 2017 14:01:20 GMT
They do it from time to time. Last time it was 4.25% for many weeks.
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skippyonspeed
Some people think I'm a little bit crazy, but I know my mind's not hazy
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Post by skippyonspeed on Mar 31, 2017 14:46:55 GMT
Exclusive 3.90%* Rate and Quick Access Account for 4th Way Customers.
Get an extra 0.15% p.a. when you invest into the Quick Access Account (QAA) and earn 3.90% Target Gross Return*.
Deposit at least £1 into the QAA and earn 3.90% target gross return* for as long as that investment remains in the account.
Only deposits into the QAA are eligible for the exclusive rate being offered to 4th Way customers.
You are free to deposit and withdraw funds at any time in line with the Quick Access normal account rules.
Other accounts on the Assetz Capital platform (such as the Assetz Capital 30-Day Access Account, the Green Energy Income Account, the Great British Business Account and the Manual Loan Investment Account) do not qualify for this offer but you can still invest in these as a normal investor on the Assetz Capital platform and receive the rates published on the website.
Other Terms and Conditions apply (see below).
Terms and Conditions
The exclusive rate of 3.90% p.a. for investing in the QAA is only offered to new investors not already registered on the Assetz Capital website who have been introduced to Assetz Capital via the 4th Way website (and their associated promotions).
The minimum period of the promotion will be between 00:00am 27th March 2017 and 11.59pm 27th April 2017 but the exclusive rate will be honoured after this time for as long as it is promoted on the 4th Way website.
The minimum amount that can be invested is £1 with a current maximum direct investment limited to £100,000. If specified by yourself, a further £25,000 can be automatically "swept" to the QAA from your cash account while these funds are awaiting investment elsewhere on the platform. These limits may vary from time to time.
The exclusive rate applies only to deposits made onto the Assetz Capital platform and transferred into the QAA during the period that the exclusive rate is advertised on 4th Way and the account is open for investment at the enhanced rate – funds applied to the account outside of this period will not qualify for the bonus 0.15% rate.
The exclusive additional bonus amount of 0.15% offered to 4th Way customers is directly linked to the advertised rate on the Assetz Capital website. Should the advertised rate for the normal Quick Access Account change (either increased or decreased) the additional 0.15% offered will still be applied to any subsequent rate.
Assetz Capital reserves the right to withdraw this exclusive rate at any moment and without prior notice. Should the QAA ever be closed to new investment, the amount invested to date will remain in the account and Assetz Capital will continue to pay the advertised rate plus 0.15% for as long as your investment remains in the account subject to clause 7 below.
When an investment account series is closed you will no longer be able to have the choice to reinvest repayments of capital and interest in the same investment account. This instead will be paid to your cash account. However, any remaining investment in the account will continue to earn the advertised amount.
Investments into the Assetz Capital Quick Access Account made directly through the Assetz Capital website, other price comparison websites or other third party websites will not be eligible for this exclusive rate.
This exclusive rate is available only to those who register and have been verified by the ID Check System used by Assetz Capital.
Customers must be aged 18 or over.
By participating in this promotion, customers agree to be bound by these promotion-specific Terms and Conditions which are in conjunction with Assetz Capital’s full Terms and Conditions and the Lender Agreement.
Customers participating in this promotion are not eligible to combine this offer with any other current or future Assetz Capital promotions.
Assetz Capital is under no obligation to accept any customer.
Participants, whether individually or in a group, will be found to be in breach of these promotion-specific terms if Assetz Capital, at its sole discretion, has a reason to believe that a promotion has been abused or manipulated, or that irregular, fraudulent, collusive or illegal activity has occurred.
Edit......and there it was......gone! (above was pasted from show more link on dashboard)
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greatmarko
Member of DD Central
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Post by greatmarko on Mar 31, 2017 15:47:15 GMT
I don't think it's the 4th way exclusive - It's now showing 3.90% in my dashboard too! (Was 3.75% an hour or two ago), I'm not a "new" AC investor, and didn't arrive via 4th Way
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greatmarko
Member of DD Central
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Post by greatmarko on Mar 31, 2017 16:01:04 GMT
Hmm... that didn't last long! Now showing 3.75% again  |
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happy
Member of DD Central
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Post by happy on Mar 31, 2017 16:03:02 GMT
Still only 3.75% for me  |
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Post by chris on Mar 31, 2017 16:05:28 GMT
Temporary display error as a promotion was set up, it's been corrected now so everyone should be seeing 3.75% unless they are part of a promotion.
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Post by bobthebuilder on Mar 31, 2017 16:06:10 GMT
Hmmm ... they seem to have realised their mistake. It's back to 3.75% now. Since I screen dumped the evidence showing that I was being offered 3.9%, I wonder if I can claim the extra? (Erm ... is that a flying ilmoro I see?)
(Crossed with Chris's post)
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skippyonspeed
Some people think I'm a little bit crazy, but I know my mind's not hazy
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Post by skippyonspeed on Mar 31, 2017 16:37:40 GMT
as usual these days, loyalty pays you less!!  |
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Post by pepperpot on Mar 31, 2017 16:44:00 GMT
Temporary display error as a promotion was set up, it's been corrected now so everyone should be seeing 3.75% unless they are part of a promotion. I wouldn't worry about pushing promo's too hard, once the flexible ISA's have been satisfied the QAA should start to repopulate on the 6th. Short term blip.
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greatmarko
Member of DD Central
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Post by greatmarko on Mar 31, 2017 16:59:43 GMT
as usual these days, loyalty pays you less!! Totally agree! Why can't AC reward and ensure the continued loyalty of its customers by offering them a higher QAA rate after they've been an active investor with them for more than x months/years!? ....seems pretty unfair that new customers can achieve better rates than long-standing customers!
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teddy
Posts: 214
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Post by teddy on Mar 31, 2017 19:05:07 GMT
The circular dashboard indicator showing the split of my funds across the different AC accounts is malfunctioning. It's showing that I have all my money in the 30 day access. I don't. Not by a long way.
Any chance someone could sort that out?
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Post by df on Mar 31, 2017 21:20:55 GMT
as usual these days, loyalty pays you less!! Totally agree! Why can't AC reward and ensure the continued loyalty of its customers by offering them a higher QAA rate after they've been an active investor with them for more than x months/years!? ....seems pretty unfair that new customers can achieve better rates than long-standing customers! It is a standard marketing thing, some banks and other businesses do this. However, 3.75% is still great for instant access account with the benefit of returns from the cash that in other circumstances would've been idle.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Mar 31, 2017 21:29:45 GMT
Totally agree! Why can't AC reward and ensure the continued loyalty of its customers by offering them a higher QAA rate after they've been an active investor with them for more than x months/years!? ....seems pretty unfair that new customers can achieve better rates than long-standing customers! It is a standard marketing thing, some banks and other businesses do this. However, 3.75% is still great for instant access account with the benefit of returns from the cash that in other circumstances would've been idle. And banks get hammered for it. P2P is supposed to be different. Fairer, Growth, Together.
Not an Orwellian 'all lenders are equal but some are more equal than others'
Same risk, same rate.
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Post by chris on Apr 1, 2017 8:02:54 GMT
It is a standard marketing thing, some banks and other businesses do this. However, 3.75% is still great for instant access account with the benefit of returns from the cash that in other circumstances would've been idle. And banks get hammered for it. P2P is supposed to be different. Fairer, Growth, Together.
Not an Orwellian 'all lenders are equal but some are more equal than others'
Same risk, same rate.
It's called marketing. Budget is set aside for attracting new funds to the platform, over and above those already invested, and various different channels, routes, and promotions are tried and their successes measured. Those with the best ROI in both the short and long term will be prioritised over other promotions. If another platform were to offer a new account cashback bonus of, say, £200 if you registered a new account and deposited £1,000 then I would be surprised if anyone would argue that every single existing lender should also receive a £200 bonus to keep things fair. Temporary / promotional uplifts in rates should be viewed in the same light except the £200 bonus is proportional to the amount invested and the duration it's kept on the platform.
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