What was the last timescale inferred?
Just āDecemberā I think, I could be misremembering though.
December in which year?
Definitely by 2042
Iām predicting 12th December 2022, savings account no virtual cards.
24th as an early Christmas present from Starling
And they will be title shirt sponsor next season.
So, what are people hoping for/expecting with regards to the savings product? A proper savings account Ć la Chase, or a partnered provider in the Marketplace?
I reckon itāll be a Starling based account and not through any 3rd parties. Makes more sense for them to do it this way then relying on anyone else.
I agree, given that Starling will want to take deposits to fund mortgage lendingā¦
I need two things:
- a competitive rate (over 2.8% plsthx)
- exposed in the Starling API and ability to show in Monzo.
Iād wager more a Space opposed to an account. probs easier for them that way.
Space / account, itās all same thing at the end of the day. Itāll be managed by Starling and most customers wonāt care about the specifics about it, other than what the interest rate is
If itās a Space itāll offset the overdraft. If itās a separate account it might not.
If only the government had allowed additional checks to ensure affordability was always going to happen regardless of what Bank was offering the service.
This would suggest that Starling is actually an outlier:
Of the Ā£47 billion provided in loans through the Bounce Back Loan (BBL) scheme, Ā£1.1 billion of these loans are suspected to be fraudulent. Across the entire scheme, the BBB found that around 3.2 per cent of outstanding loans were in default and 7.6 per cent were in arrears.
Iām sure the last time this was mentioned I did the % and it wasnāt far out from the others. I wonder whatās changed
Posted on their Twitter - https://twitter.com/starlingbank/status/1600455099070939141?s=46&t=prQRcJL8k32k9tevCmjU5Q