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Compare Peer-To-Peer ISA 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

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

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: Receive up to £500 cashback when you invest by 31 October 2018 (new investors and first 1,000 existing investors only). 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

RateSetter
Peer to Peer IF ISA RateSetter
Min deposit £10
Term Easy Access, 1 Year or 5 Year
Average Interest Up to 5.40%

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

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

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

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

What is a peer-to-peer ISA?

Peer-to-peer-ISA (or P2P ISA) is another name for an Innovative Finance ISA. These have become increasingly popular with UK savers since they were introduced in April 2016. Innovative Finance ISAs allow UK taxpayers to get the standard tax benefits of an ISA when investing through peer-to-peer lending platforms.

Innovative Finance ISAs help to bring the idea of tax-free savings right up-to-date, as P2P lending and borrowing is a growing sector within the UK finance industry. This type of savings can offer a number of advantages to savers, alongside the normal tax advantages of an ISA.

How Innovative Finance ISAs work

Like any standard ISA, an Innovative Finance ISA (IFISA) allows you to save money each year without paying tax on the interest you earn. The amount you can save is set by the UK government and normally changes with each new tax year. For the 2018/19 tax year, the ISA allowance is £20,000.

IFISAs allow you to place some or all of your ISA allowance into an FCA-regulated peer-to-peer lending platform. This is an attractive option for many, as P2P lending often delivers higher returns than other types of savings, including Cash ISAs.

Peer-to-peer lending allows savers to lend direct to borrowers through a dedicated lending network. This cuts out the “middleman” i.e. the bank or other institution you might normally save with, so there is nobody else taking a cut. This means you get a higher interest rate and the borrower can get a lower one.

It is important to bear in mind, however, that by lending through a peer-to-peer network you are putting your capital at risk. Unlike with a Cash ISA, your deposit is not protected by the Financial Services Compensation Scheme (FSCS).

P2P ISA interest rates

If you choose to save with a peer-to-peer ISA, you can generally select the level of interest you wish to see and then it is up to borrowers whether they wish to borrow at that level. This gives you a lot more control over what level of interest you earn.

Interest rates vary between P2P lending platforms, so it is a good idea to shop around and see which are currently offering the best rates. P2P ISAs tend to offer better interest rates than Cash ISAs and are often competitive with Stocks and Shares ISAs.

Find the best rates on peer-to-peer ISAs

There are a number of different peer-to-peer lenders now offering Innovative Finance ISAs to UK taxpayers, so finding the best one for your savings can be a difficult choice. We offer a quick, simple way to compare the various options and see which is right for you.

Using the peer-to-peer ISA comparison tool at the top of this page, you can find the best deals currently available on P2P ISAs. We keep this updated with all the top peer-to-peer ISA products we have selected from across the market, making it fast and easy for you to find the best deal possible.

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