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How do I create automatic reinvestment settings?
You can elect to reinvest interest and/or principal automatically as it is received. To access your reinvestment settings, log in to your Plenti Account, then click ‘Reinvestment settings' in the left-hand menu.
You are able to select:
- The lending market into which your reinvestments are made
- Whether the full payment is reinvested, or just the capital amount
- Whether your reinvestment is made at the market rate or at a specific interest rate (selecting the market rate option will help to ensure your funds are reinvested relatively quickly).
To process an order or reinvestment, there must be at least $10 in your holding account.