“I’m delighted I’m able to make the school’s surplus funds work harder.” – Richard Harker, Foundation Accountant at Loughborough Endowed Schools
With 98% of customers happy with what we do, it’s hard to choose just one quote. However, Richard, an FCA qualified financial manager with over 20 years of experience says it all:
“Although peer-to-peer lending is a relatively new area, RateSetter’s risk management through their Provision Fund gives me the confidence to invest in this type of instrument. It is a great alternative to traditional money markets by earning a yield well in excess of that earned by those markets.”
Who is RateSetter?
The UK’s most trusted P2P platform according to Moneywise readers who honoured us with the title at Moneywise’s 2015 Customer Service Awards. RateSetter is a dynamic online marketplace. In our words, offering a ground-breaking proposition that allows retail and corporate investors to invest via a simple online platform at interest rates they set themselves – the People’s Rate.
How does it all work?
RateSetter is a simple concept. Creditworthy borrowers want a low cost loan. Smart investors want a better return. We match them up and ensure everyone gets what they’re looking for.
Is my money safe?
P2P lending is not covered by the FSCS and your capital is at risk. However at RateSetter we pioneered the “Provision Fund” model that has become a common feature of the P2P sector. The Fund is the largest in the industry, holding £15.5 million, and has ensured the protection of individual investors from defaults since our launch in 2010; a unique feat amongst the major P2P platforms. Past record is no guarantee of future performance but without a little risk you can’t achieve a return above the norm.
#MakeTodayPay and get idle cash working by emailing email@example.com or calling 020 3142 6226.