oldgrumpy
Member of DD Central
Posts: 5,087
Likes: 3,233
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Post by oldgrumpy on Oct 20, 2017 16:34:42 GMT
Huh! The "I want to lend first" brigade have got home from work and stepped the rate all the way down to 4.1% and all the borrowers have been satisfied or gone for a drink.
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david42
Member of DD Central
Posts: 419
Likes: 346
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Post by david42 on Oct 20, 2017 19:52:06 GMT
At 17:04 today Ratesetter sent me the following email headed "Rate Alert" Dear David42,
As a savvy investor, I thought you’d like to know that rates are currently higher than usual*, and you could earn more by putting your money on the market:
Rolling
| 1 Year
| 5 Year
| 5.7%
| 4.9%
| 5.7%
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Rates correct as of 14:30 on 20th October 2017
David42, you currently have £x in your holding account**. How much could you earn if you moved it to the market?
Check now before the rates change.
*90 day average rates, up to 20th October 2017: Rolling market = 3.5%, 1 Year market = 3.8%, 5 Year market = 5.4%. **Correct as of 23:59 on 19th October 2017.
This sounds like a clever new idea to encourage more money to get offered as rates rise.
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