If my funds are in the queued investments section, are they earning interest?

Since funds in the queue are not invested in loan parts, you cannot earn interest from these funds.

For queued investments in the Classic Account instead, Landbay will credit your account with monthly cash back payments. These will be of equal value to any interest which you will have missed out on. You should note that it is at Landbay’s discretion to remove this feature at any time.

ISA investments will also earn cashback while funds are on the investment queue. However, this will be credited to your Classic account rather than your ISA account, so that your allowance limit is not affected. This means that the cashback earned on your ISA will be liable for tax.

 

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