|Investment account||Target interest rate|
|30-day access account||4.25% p.a. gross and capped|
|Quick access account||3.75% p.a. gross and capped|
|Great British business account||7% p.a. gross and capped|
|Green energy income account||7% p.a. gross and capped|
Pay £2,000 or more into an Assetz Captial investment account in the next few weeks, and leave it in your account for at least 12 months, and you’ll bag yourself £150 cashback – exclusively through MoneySuperMarket.
That’s on top of earning a great interest rate!
To qualify for the cashback, you’ll need to be a new customer, and you’ll need to apply through MoneySuperMarket. You’ll have to invest at least £2,000 into your Assetz Capital account before July 21st 2016. You’ll need to keep a balance of at least £2,000 in your account for 12 months. Your cashback will be paid into your online Assetz Capital account 12 months after you commit your money. T&Cs apply.
You can choose from a range of investment accounts, as they’re all eligible for the cashback offer. Depending on which account you go for, you could earn up to 7% gross per annum (target return). The interest rate is quoted gross, and is capped at the rate that’s quoted. The actual returns could be lower.
Peer-to-peer lending cannot form part of your ISA allowance.
Peer-to-peer lending platforms such as Assetz Capital allow individuals to lend cash directly to borrowers.
The peer-to-peer lending sector has been regulated by the Financial Conduct Authority (FCA) since April 2014, 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.
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. And the cashback offer on this deal is an added bonus.
Before you sign up, however, be aware that:
- Investment through Assetz Capital involves lending to individuals. 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.
Assetz Capital is a peer-to-peer lending platform that specialises in lending to small and medium credit-worthy businesses in the UK. They have been connecting borrowers and investors in the UK since 2013. To date, they have lent over £117 million, with investors earning more than £11.7 million in interest. Every loan Assetz Capital makes is secured against the borrower’s property or business assets.