8 Per Cent on ISAs
Published / Last Updated on 09/04/2017
8 Per Cent on ISAs.
Yesterday saw the launch of ‘peer to peer’ lending being allowed as an investment in your ISA.
Some Peer to Peer lenders are offering ISA wrappers with returns of between 7% and 9% pa.
If you are interested the same, search online.
Comment
Beware the risks: Peer to Peer lending is not protected by the Financial Services Compensation Fund.
You must rely on the protection offered by Peer to Peer lending firms. If you lend your money to someone or a group of people who default, is your money protected? This will vary depending upon the peer to peer lender.