£1 in 14 x 95 day pots set up each Monday and giving notice immediately seems to be a reasonable plan.
Zopa have been fairly quick to up their rates in the past but if something better comes up you can move your main pot of money out within a week once you have your 95 day ladder set up and then, get back in if Zopa gets competitive again.
£1 in 14 x 95 day pots set up each Monday and giving notice immediately seems to be a reasonable plan.
Zopa have been fairly quick to up their rates in the past but if something better comes up you can move your main pot of money out within a week once you have your 95 day ladder set up and then, get back in if Zopa gets competitive again.
Ah right the penny has dropped, thanks for your input, I did think it was too good to be true. pot 2 would generate approx £2.82 initially then?
The point about the "ladder" is that once set up you can have all your money earning that 3.26% 95 day rate, but still have it accessible in no more than a week's time.
The downside is the faff about having to keep moving it from the pot that's just become available and therefore lower interest, into one of the not yet available pots. That's why I decided on a monthly ladder as I don't need access any more often.
Coinciding with the latest Zopa App update, you can no longer move money to a pot under notice.
I've just had a go and manage to move cash into a pot under notice, do you think this will change when my app updates?
I choose the rooms that I live in with care, The windows are small and the walls almost bare, There's only one bed and there's only one prayer; I listen all night for your step on the stair.
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Fair ruling, just gonna remove all my money
The windows are small and the walls almost bare,
There's only one bed and there's only one prayer;
I listen all night for your step on the stair.
I mean for instant access, it is still very competitive so for those not playing the ladder it is still viable for now.