Easy Access via P2P Lending

scrupps

One of the downsides of Peer to Peer Lending is that it can sometimes take a little while to get your money back. One exception is via RateSetter that do have an easy access option - called the Rolling Market. You can get an interest rate of around 3% by investing in the Rolling Market. Whilst your money is not 100% guaranteed they do have a provision fund which is used if anyone defaults and to date they say that no one has lost out on any interest due. I have started to use this account for short term savings as it significantly beats most easy access savings accounts. Where else can you get 3% with easy access? Not counting a few current accounts with loads of restrictions.

pinkcalculator

@scrupps

That’s what we do too I only put money into loans @3.6 or above which also limits just how much I put in which is good as it’s not a totally safe option.

Some of the regular savers offer 3 or above but most of them at tied to a year so it’s got to be money you don’t want instantly. Marcus and the other accounts around 1.5 are useful as a holding for moving money about as it’s pretty much instant and better than most other rates better than under the bed anyway

scrupps

I use Marcus also for money I need quick access to