amphoria
Member of DD Central
Posts: 156 
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Post by amphoria on Dec 1, 2017 14:24:46 GMT
If you look at the Growth Street Market Depth graph now it would imply that all of the priority rate and market rate offers have been hoovered up and that the lowest offer is now 5.6%. The link is here but I have also captured what it looked like at the time.  |
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Post by beeje13 on Dec 1, 2017 17:16:18 GMT
In a remarkable turnaround, they are now offering a bonus if you increase your investment amount this week by 20% and keep maintain it for a year.
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r00lish67
Member of DD Central
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Post by r00lish67 on Dec 1, 2017 17:31:52 GMT
In a remarkable turnaround, they are now offering a bonus if you increase your investment amount this week by 20% and keep maintain it for a year. April Foo.....oh, you're serious. Seriously? What the jolly hockeysticks! I can only assume that a) they were serious about borrower demand increasing again and b) they fear everyone withdrawing at the 1 year point after the welcome bonus payments have been made. It's clever, actually, in a tricksy sort of way. It's basically another tie-in bonus, but less generous than the welcome bonus. Possibly generous enough though to discourage you from withdrawing funds until next December, even when they start decreasing rates again.
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rgog
Member of DD Central
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Post by rgog on Dec 1, 2017 17:48:58 GMT
No they will have to do something about the one way ratchet before I will commit any more money to this site, and just freezing it on the 18th is nowhere near enough. As to removing money we will see how the balance between interest rate/risk/diversification falls (yes I know I have never seen a balance with 3 pans either!)
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metoo
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Post by metoo on Dec 2, 2017 23:16:12 GMT
I've actually switched back to Market Rate today. I'll see if my next repayment gets lent in a reasonable time. Note that the Priority Rate queue is less than the anticipated daily lending, and waiting funds at higher rates have cleared.  |
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Post by dan1 on Dec 6, 2017 18:57:27 GMT
What a difference a 1% bonus makes, the Priority Rate is currently £621k, approximately two days of the Average Matches Expected per Day. metoo I suggest now might be a good time to revisit your reinvestment settings. |
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savernake
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Post by savernake on Dec 7, 2017 8:08:11 GMT
I've had funds queued at Priority rate for 3 days now. Just when things looked to be improving the cash drag is creeping back into the market again. I can only see this getting worse when they abolish the Priority rate and shove everybody in the same queue, but at least then the rates shouldn't keep dropping anymore.
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m2btj
Member of DD Central
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Post by m2btj on Dec 7, 2017 8:42:09 GMT
I've been queuing on priority rate since Monday! The new 1% promotion has brought additional funds to market & the whole thing has become inert. I've now decided not to take up the offer & will invest additional monies elsewhere.
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Post by p2plender on Dec 7, 2017 9:20:50 GMT
This company seems to have little grasp on the business. This is the second time they've used 'bribes' to attract funds and now we are once again overloaded with lender funds. Beyond a joke, but hey wait a minute, the market rate will have to creep down to 'balance' things. What a farce. You'll be getting sub 5% this next fortnight I'd have thought, low 4s in the new year with the added bonus of cash drag. There having their cake and eating it here at the expense of investors.
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metoo
Member of DD Central
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Post by metoo on Dec 7, 2017 16:56:19 GMT
This company seems to have little grasp on the business. This is the second time they've used 'bribes' to attract funds and now we are once again overloaded with lender funds. Beyond a joke, but hey wait a minute, the market rate will have to creep down to 'balance' things. What a farce. You'll be getting sub 5% this next fortnight I'd have thought, low 4s in the new year with the added bonus of cash drag. There having their cake and eating it here at the expense of investors. According to the email dated 29 Nov, Market Rate will stabilise from mid-Jan (because Priority Rate option will be removed mid-Dec). Note, "All orders placed prior to this date will remain unaffected, entering the lend order queue in the usual way."
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