corto
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one-syllabistic
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Post by corto on Jan 22, 2020 12:33:02 GMT
I saw a presentation once: Banks have on average been making gains on credit card lending every year for the last 20 years. Not outrageous gains (as loan sharks), but limited by the interest rates they charge and considerable default rates of up to 25% pa. A quick search brings up more info, eg for the US market www.valuepenguin.com/how-do-credit-card-companies-make-money |
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zlb
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Post by zlb on Jan 22, 2020 13:31:24 GMT
I saw a presentation once: Banks have on average been making gains on credit card lending every year for the last 20 years. Not outrageous gains (as loan sharks), but limited by the interest rates they charge and considerable default rates of up to 25% pa. A quick search brings up more info, eg for the US market www.valuepenguin.com/how-do-credit-card-companies-make-moneybut would one be hoping the same from Zopa? (when they launch their bank with credit card)
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macq
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Post by macq on Jan 22, 2020 14:54:06 GMT
might be of interest to somebody
having a look around the HL site and noticed within their active savings product they are offering 2.1% for 3 years from BLME which is not bad at the moment (but note is a Sharia account)
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Post by bracknellboy on Jan 22, 2020 15:11:24 GMT
might be of interest to somebody having a look around the HL site and noticed within their active savings product they are offering 2.1% for 3 years from BLME which is not bad at the moment (but note is a Sharia account) also available directly (I have no idea what the active savings product at HL is, sadly). I recently stuck some cash into BLME's 2 year at 1.95%.
Oh how I long for the days of IceSave and Kaupthing Edge......well maybe not.
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macq
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Post by macq on Jan 22, 2020 15:24:25 GMT
might be of interest to somebody having a look around the HL site and noticed within their active savings product they are offering 2.1% for 3 years from BLME which is not bad at the moment (but note is a Sharia account) also available directly (I have no idea what the active savings product at HL is, sadly). I recently stuck some cash into BLME's 2 year at 1.95%.
Oh how I long for the days of IceSave and Kaupthing Edge......well maybe not.
should have said - Active savings is Hargreaves Lansdown savings product where they offer rates/products from different companies
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ashtondav
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Post by ashtondav on Jan 22, 2020 17:39:05 GMT
Unfortunately not available on cash in their ISA. So they get to keep the interest.
Crafty. Very crafty.
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zlb
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Post by zlb on Jan 22, 2020 18:26:59 GMT
might be of interest to somebody having a look around the HL site and noticed within their active savings product they are offering 2.1% for 3 years from BLME which is not bad at the moment (but note is a Sharia account) This site is usually up to date... saversfriend.co.uk/charts/3-year-fixed-savings-accounts
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macq
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Post by macq on Jan 22, 2020 18:33:47 GMT
Unfortunately not available on cash in their ISA. So they get to keep the interest. Crafty. Very crafty. But does any platform?
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zlb
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Post by zlb on Jan 22, 2020 22:09:12 GMT
FTBs can use a 5% savings account at monmouthshire bs but one is tied into their mortgages in order to get 4% of that - that seems a bit sharp to me, to be tied into one company for a mortgage. What's an off top head interpretation - could that 4% of £6k per year max, be easily wiped out by a variable mortgage anyway? No one knows what the rates will be when these savings come to be used. 5% sounds nice,but could one lose out? www.monbs.com/products/first-home-bonus-saver/ |
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ozboy
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Post by ozboy on Feb 5, 2020 15:07:09 GMT
If you refuse to add your hard-earned to the P2P Bonfire and are looking for an alternative home for some of your spondoolies, might I suggest you consider CityFALCON. They are currently going through a round of fundraising, are EIS qualified, and it’s a stonking product. I have invested in earlier rounds but sadly not this round because P2P (Collateral!) has cleaned me out.  Two relevant websites to checkout and consider:- 1. CityFALCON is helping investors to do pre-investment due diligence and post-investment updates management. www.cityfalcon.com/blog/investments/how-startups-can-fool-angel-crowd-and-p2p-investors-2-raise-funding-2/
2. They are raising money to finish the product development and you can invest here - www.seedrs.com/cityfalcon4The Founder & Owner, Ruzbeh Bacha, is V willing to personally reply and answer any questions. DISCLOSURE: Ruzbeh has become a personal friend of mine. This is most definitely NOT investment advice, I am simply suggesting you might consider as part of a diversified portfolio, do your own Due Diligence. I thank you. OzBoy.  |
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ozboy
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Post by ozboy on Feb 7, 2020 7:37:05 GMT
If you refuse to add your hard-earned to the P2P Bonfire and are looking for an alternative home for some of your spondoolies, might I suggest you consider CityFALCON. I'm sure your friend is a nice guy and CityFALCON has all the best intentions, but does it really, seriously work ?The idea is nothing new, I've trialled many products before that promise to do this sort of thing, none of them worked. They just turn lots of noise into less noise. I fast came to the conclusion that this is not an area for flashy AI. It is an area for human curated content, and the few human curated services that are out there are worth the money. Given the expense in delivering this sort of technology (content licensing, development brains, infrastructure costs), let alone the amount of money required to deliver it consistently well to a high level of quality I hope you can appreciate my natural scepticism. The burn rate on this sort of tech project is horrific, and yet he's only after £200k on seedrs ? Don't get me wrong. I genuinely wish the guy and his company all the best. But in my case, once (or rather many times !) bitten, this time shy ! Yes it does, but don't ask me, ask Ruzbeh. And I was VERY careful with my choice of words " ............. might I suggest you consider"  PS / EDIT: ....... does it really, seriously work ? - Well, BNP Paribas (among others) seem to think so!
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ceejay
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Post by ceejay on Feb 7, 2020 9:41:27 GMT
Yes it does, but don't ask me, ask Ruzbeh. And I was VERY careful with my choice of words " ............. might I suggest you consider" PS / EDIT: ....... does it really, seriously work ? - Well, BNP Paribas (among others) seem to think so! I don't think your second paragraph left much doubt that your post was a recommendation. I won't quote it because, well, I wouldn't like to be giving it more publicity. And there was a hidden referral code? Naughty.
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ozboy
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Post by ozboy on Feb 7, 2020 13:26:34 GMT
No idea about the hidden referral code, please explain?
I only copied and pasted the web addresses.
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aju
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Post by aju on Feb 7, 2020 16:01:57 GMT
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ozboy
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Post by ozboy on Feb 7, 2020 16:35:42 GMT
Thanks aju, I'm still none the wiser because I'm not techy at this level, so any further explanations gratefully received.
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