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Compare Peer To Peer Deals

Crowd2Fund
Peer to Peer ISA Crowd2Fund
Min deposit £10
Term 1 - 5 Years
Annual Interest Up to 8.70%

Why we like it:  Crowd2Fund’s Finance ISA is designed to make it easier for savers to invest while managing a diversified portfolio. You can transfer existing ISAs (Crowd2Fund will help you do this) and earn an estimated 8.7% APR* return tax free.

Disclaimer: When making a peer to business loan, your capital lent to a borrower is not covered in the event of loss by the FSCS

Lending Crowd
Peer to Peer Self Select Account Lending Crowd
Min deposit £20
Term No Fixed Term
Annual Interest Average rate 8.00%

Why we like it: SPECIAL OFFER: Earn £150 cash back when investing £2,500 or more across any investment account. Applicable for both new and existing investors. With a Self Select Account you choose how to invest your money on the Loan Market in new loans and existing loans

Disclaimer: When making a peer to business loan, your capital lent to a borrower is not covered in the event of loss by the FSCS

Assetz Capital
Peer to Peer Green Energy Income Account Assetz Capital
Min deposit £1
Term Typically 3 Years
Annual Interest Target rate 7.00%

Why we like it: The Green Energy Income Account (GEIA) allows investors to automatically invest in business loans to renewable-energy projects that benefit from government subsidies, such as Feed-in Tariffs. These projects include wind, solar and wave energy-conversion, but exclude fossil fuels and nuclear power.

Disclaimer: When making a peer to business loan, your capital lent to a borrower is not covered in the event of loss by the FSCS

Assetz Capital
Peer to Peer Great British Business Account Assetz Capital
Min deposit £1
Term Up to 5 Years
Annual Interest Target rate 7.00%

Why we like it: The Great British Business Account (GBBA) allows investors to automatically invest in business loans to small- and medium-sized enterprises (SMEs). All loans are secured against property and have passed Assetz Capital's strict credit checks.

Disclaimer: When making a peer to business loan, your capital lent to a borrower is not covered in the event of loss by the FSCS

Lending Crowd
Peer to Peer Growth ISA Lending Crowd
Min deposit £1000
Term No Fixed Term
Annual Interest Target rate 6.00%

Why we like it: SPECIAL OFFER: Earn £150 cash back when investing £2,500 or more across any investment account. Applicable for both new and existing investors. Innovative Finance ISAs (IFISA) are the new way to invest tax-free. Just like Cash and Stocks & Shares ISAs, you can invest up to £20,000 each tax year, and you don’t need to pay any personal taxes on your earnings. Lending Crowd will automatically diversify your funds across at least 20 loans through their Loan Market, with no more than 5% of your funds invested in any one loan. All repayments will be automatically reinvested.

Disclaimer: When making a peer to business loan, your capital lent to a borrower is not covered in the event of loss by the FSCS

Lending Crowd
Peer to Peer Growth Account Lending Crowd
Min deposit £1000
Term No Fixed Term
Annual Interest Target rate 6.00%

Why we like it: SPECIAL OFFER: Earn £150 cash back when investing £2,500 or more across any investment account. Applicable for both new and existing investors. No investment decisions to make - your investment is automatically diversified across a portfolio of credit assessed small business loans

Disclaimer: When making a peer to business loan, your capital lent to a borrower is not covered in the event of loss by the FSCS

Assetz Capital
Peer to Peer 30 Day Access Account Assetz Capital
Min deposit £1
Term 30 Day Notice
Annual Interest Target rate 4.25%

Why we like it: The 30-Day Access Account (30DAA) allows investors to automatically invest in secured business loans that have passed Assetz Capital's strict credit checks.

Disclaimer: When making a peer to business loan, your capital lent to a borrower is not covered in the event of loss by the FSCS

Landbay
Peer to Peer ISA Landbay
Min deposit £5000
Term 1 - 5 Years
Annual Interest Up to 3.75%

Why we like it: The Property-Backed ISA is the latest in Landbay's peer-to-peer investments following the introduction of the Innovative Finance ISA from HM Treasury in 2016. A Landbay ISA investment is the same as a Classic investment with a tax-free wrapper

Disclaimer: When making a peer to business loan, your capital lent to a borrower is not covered in the event of loss by the FSCS

Assetz Capital
Peer to Peer Quick Access Account Assetz Capital
Min deposit £1
Term Instant Access
Annual Interest Target rate 3.75%

Why we like it: The Quick Access Account (QAA) allows investors to automatically invest in secured business loans that have passed Assetz Capital's strict credit checks.

Disclaimer: When making a peer to business loan, your capital lent to a borrower is not covered in the event of loss by the FSCS

Finding The Best Peer To Peer Account

What is peer to peer?

Peer-to-peer matches up savers who are willing to lend their money with borrowers typically individuals or small businesses.

Both parties can benefit because rates are often better than those on offer from banks. Savers can get interest on their savings up to 5 times or more what they can get in a traditional savings account while those looking to borrow can get rates as low as 5% on a 5 year loan. 

Can peer to peer offer me the potential for better interest rates than banks?

Peer-to-peer lender sites can often be in a position to offer better rates than banks to both savers and borrowers alike.  But how are they able to do this?

Essentially, peer-to-peer lenders can be more efficient than the traditional banks – they have lower overheads, fewer staff and no high street branches to pay for. This means that the savings made can be passed on to savers lending their money and borrowers. 

Key points of peer-to-peer

  • You can earn relatively high interest returns on your savings
  • Interest can be paid monthly
  • Many peer to peer lenders offer easy access to your money if you need to get hold of it at short notice
  • Some peer-to-peer lending companies run their own protection schemes in the event that a borrower is unable to pay back the loan through a fund borrowers contribute to by way of a credit rate fee charged at a small percentage of the total loan
  • You can choose how to lend money based on the length of investment and the level of risk involved
  • Most peer to peer providers have a minimum age policy of 18
  • You will need to be UK resident and have a UK current account
  • You can invest from as little as £10 with some peer to peer lending sites 
  • Peer to peer saving should only be considered as part of a balanced investment portfolio
  • Peer to peer saving is not regulated by The Financial Conduct Authority and your money will not be covered by the Financial Services Compensation Scheme
  • Investing your savings within a peer to peer lending scheme can mean interest rates can vary – generally speaking higher risk borrowers will get higher returns but with higher returns comes higher risk that you may not get some or all of your money back
  • If you need to withdraw your funds early, you may incur a fee
  • If the person you have lent the money to chooses to repay their loan early, this can affect your rate of return
  • The interest you earn is subject to income tax in the same way as normal savings
  • Since April 2016 approved peer to peer accounts can be included in an ISA. Known as Innovative Finance ISAs or IFISAs all returns will be sheltered from tax 

Peer to peer savings accounts are not the same as normal savings accounts so you need to consider the features before you commit.

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