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Ratesetter


Kurt Barlow
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Kurt Barlow

I assume some others here have Ratesetter accounts. 

I liked ratesetter until recently with their changes. I particularly liked the one month markets where you could deposit cash for 1 month. Of course that's all changed with their Access, Plus and Max system.

When the SHTF I didn't attempt to make any withdrawals but set my reinvestment settings at the Max interest levels permitted. I assumed this would mean the money would sit unlent and I could then transfer to holding and withdraw. Alternatively I would be getting a very high interest rate. 

Well neither is happening. Repayments are still being reinvested but at the going rate. In the case of Plus that's 3.4% instead of the 8.4% I have set as my relent rate. Sent two emails and still no reply. 

 

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