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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: Summer 2018 Cashback Offer. Receive up to £400 cashback when you invest by 31 August 2018. 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

British Pearl
Share Investments British Pearl
Min deposit £100
Term 2 - 5 Years
Annual Interest Projected returns up to 7.76%

Why we like it: Limited offer get +1% on £2k-£20k. British Pearl offers easy access to UK property market returns or the opportunity to earn like a bank by being a mortgage lender. Projected total returns up to 7.76% p.a. Monthly rental dividend income. Share in any capital gains. Resale market to exit early. British Pearl is FCA authorised

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

easyMoney
Balanced Innovative Finance ISA (IFISA) easyMoney
Min deposit £10000
Term No Fixed Term
Annual Interest Target rate 7.28%

Why we like it: Invest up to £20,000 this tax year (2018/19) and/or transfer in from an existing Cash ISA, Stocks & Shares ISA or IFISA. When you join the easyMoney family you will automatically become an easyMoney plus card member, offering savings up to 55% at over 100 of Britain’s biggest retailers and more! e-Money Capital Ltd trading as easyMoney is authorised and regulated by the FCA (FRN 231680). As with all investing, your capital is at risk when you lend to businesses and returns are not guaranteed. No FSCS. For more details please refer to our full risk statement.

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 6.25%

Why we like it: Summer Rate Boost - Additional 0.5% interest on all newly lent funds until 2019. 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: Summer 2018 Cashback Offer. Receive up to £400 cashback when you invest by 31 August 2018. 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: Summer 2018 Cashback Offer. Receive up to £400 cashback when you invest by 31 August 2018. 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

RateSetter
Peer to Peer IF ISA RateSetter
Min deposit £10
Term Easy Access, 1 Year or 5 Year
Average Interest Up to 5.20%

Why we like it: New investor offer: £100 bonus when you invest £1,000+ for a year. Ts & Cs apply. Peer to Peer IF ISA tax free investment. Capital and interest is only paid at the end of loan term in 2 out of the 3 markets – in the 5 year the interest is repaid in line with the investment repayment. Access your money early if funds available in market to replace withdrawal. Provision fund provides buffer against credit losses (not a guaranteed). Peer to peer lending is not covered by the FSCS. Capital at risk.

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

RateSetter
Everyday Account RateSetter
Min deposit £500
Term 5 Years
Annual Interest Annualised rate 5.20%

Why we like it: New investor offer: £100 bonus when you invest £1,000+ for a year. Ts & Cs apply. 5 Year Peer to Peer investment. Money invested in loan terms of up to 5 years. Capital and interest repaid at end of loan term. Access your money early if funds available in market to replace withdrawal. Provision fund provides buffer against credit losses (not a guaranteed). Peer to peer lending is not covered by the FSCS

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

British Pearl
IF ISA (Innovative Finance ISA) British Pearl
Min deposit £100
Term 2 - 5 Years
Fixed Interest Up to 4.40%

Why we like it: Limited offer get +1% on £2k-£20k. British Pearl offers easy access to UK property market returns or the opportunity to earn like a bank by being a mortgage lender. Monthly interest income. Secured by first charge over UK property. ISA eligible for tax free returns. Fully flexible/allow ISA transfers in. British Pearl is FCA authorised

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: Summer Rate Boost - Additional 0.5% interest on all newly lent funds until 2019. 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

easyMoney
Conservative Innovative Finance ISA (IFISA) easyMoney
Min deposit £1000
Term No Fixed Term
Annual Interest Target rate 4.05%

Why we like it: Invest up to £20,000 this tax year (2018/19) and/or transfer in from an existing Cash ISA, Stocks & Shares ISA or IFISA. When you join the easyMoney family you will automatically become an easyMoney plus card member, offering savings up to 55% at over 100 of Britain’s biggest retailers and more! e-Money Capital Ltd trading as easyMoney is authorised and regulated by the FCA (FRN 231680). As with all investing, your capital is at risk when you lend to businesses and returns are not guaranteed. No FSCS. For more details please refer to our full risk statement.

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

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Finding The Best Peer-To-Peer Account

What is peer-to-peer?

Peer-to-peer (P2P) 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?

P2P 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, P2P 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 the 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 P2P 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, it is repaid through a fund that 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 P2P 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
  • P2P 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, also known as Innovative Finance ISAs or IFISAs , and 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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