Investment account Target interest rate
30-day access account 4.40% p.a. gross

 

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Assetz Capital

 

 Wellesley & Co

 

Exclusive offer for MoneySuperMarket customers

 

We’ve teamed up with peer-to-peer lender Assetz Capital to offer customers a new exclusive rate of 4.40% p.a. target gross return (capped)* in the Exclusive 30-Day Access Account. Capital is at risk. Only available via the MoneySuperMarket website.

 

What's the deal?

 

Deposit from just £1 into the Special 30-Day Access Account, and earn an enhanced rate of 4.40% p.a. target gross return (capped)*.

 

This offer is not available anywhere else. Please note that the rate paid on the Special 30-Day Access Account is not available to existing Assetz Capital customers.

 

You can withdraw your money, or make an additional investment, in accordance with the account’s 30-day access rules.

 

Please note: this product is not a savings account but a peer-to-peer investment product, which means your capital is at risk.

 

What is Peer-to-Peer lending?

 

Peer-to-peer lending platforms such as Assetz Capital allow individuals to lend cash directly to borrowers.

 

The peer-to-peer lending sector is regulated by the Financial Conduct Authority (FCA), which means all firms must operate under certain rules. However, your cash will NOT be covered under the Financial Services Compensation Scheme (FSCS), which protects the first £75,000 of your savings (per institution) should a bank or building society go bust.

 

Who is the deal good for?

 

Peer-to-peer lending is a great option if you are willing to try something outside the realms of traditional ISAs and savings accounts, as you can often get a better return on your money.

 

Before you sign up, however, be aware that:

 

- investment through Assetz Capital involves lending to credit-worthy businesses. This means that your capital is at risk, and interest payments are not guaranteed if a borrower defaults.

 

- any interest you earn may be subject to income tax and you may need to declare this in your yearly tax return. 

 

Who are Assetz Capital?

 

Assetz Capital is a peer-to-peer lending platform that specialises in lending to small and medium-sized credit-worthy businesses in the UK. It has been connecting borrowers and investors in the UK since 2013. To date, it has lent over £152 million, with investors earning more than £14 million in interest.

 

Every loan Assetz Capital makes is secured against the borrower’s property or business assets.

 

*Interest is quoted gross and is capped at the quoted rate although actual returns could be lower. Annualised projected return after expected losses for the standard 30-day Access Investment Account account is currently 4.25% gross (based on stress testing of the account’s Provision Fund) and is a higher 4.40% if taking advantage and qualifying for this promotion through Moneysupermarket.com.

 

Past performance does not guarantee future performance. Access time relates to withdrawal in normal market conditions. This is an investment in peer-to-peer loans – it is not a bank account. Capital is at risk.

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