For a limited time from Thursday, 13 April, the Assetz Capital 30-Day Access Account has a capped target return of 4.75% gross per annum before allowances for tax or any possible losses not covered by Assetz Capital’s discretionary Provision Fund.
- Available to new and existing Assetz Capital investors
Assetz Capital, one of the UK’s largest and fastest growing peer-to-peer finance platforms, today announced it was raising the interest rate on its popular 30 Day Access Account (30DAA) by 0.5% to 4.75% for a limited time. The 30DAA allows peer-to-peer lenders to invest automatically in loans and features automatic diversification to spread risk.
Investors will have until midday on 6 June to take advantage of the new rate and could benefit from a capped return of 4.75% for up to 90 days after an investment is made. After this, the account will return to its original rate of 4.25%.
The increase marks the first time one of the major P2P players has raised the interest rate on a core account in 2017.
Stuart Law, CEO of Assetz Capital commented: “The 30 Day Access Account has been very popular since its introduction nearly a year ago. Recently Assetz Capital has experienced particularly strong growth and borrower demand as a business and has flourished whilst many other platforms have struggled which has led to some of them dropping rates on their key accounts.”
The 30DAA invests in both short and long-term loans and interest is earned and paid monthly. The account always retains substantial cash balances in order to facilitate quick access in normal market conditions for investors who require their investment back on the 30 days’ notice, although access times cannot be guaranteed.
Investors can automatically invest any amount from £1 in a diverse portfolio of secured business loans that have passed Assetz Capital’s strict credit checks.
Stuart Law concluded: “The 30 Day Access Account opens up the world of P2P lending to new investors who want the chance to earn a fair return, but also have a degree of liquidity on their invested capital in normal market conditions. The account is already a hugely popular and competitive choice in the P2P market and we’re expecting to see a sharp increase in lenders who take up this attractive limited time offer.”
Assetz Capital has over 18,000 registered investors and to-date over £235m has flown through the platform, earning investors a total gross interest of over £20m.
All rates are quoted gross, before allowances for tax or any possible losses. Interest target rates should be considered along with the relevant investment account expected defaults and losses. Past performance does not guarantee future performance. This article has been provided by Assetz Capital but has not been approved as financial promotion by Kession Capital.
About Assetz Capital Limited
Assetz Capital aims to create a fairer lending landscape, providing non-bank loans to small and medium sized enterprises and property developers in the UK, helping them gain access to finance for their projects and future business growth. Rather than being just a website or a dot com business, it is run by professional bankers with huge experience of quality and safe lending, alongside a nationwide network of relationship managers who visit and vet potential borrowers. Tangible security is in place to reduce the risk of capital losses for investors and traditional credit assessment techniques are employed rather than computer based assessments.
Assetz Capital is part of the long established Assetz group of companies, founded by Stuart Law, which has over 80,000 registered, cash rich private investors.
WEALTH WARNING: As with most forms of investment, peer-to-peer lending carries a degree of risk to your capital; in this case, if borrowers were unable to repay their loans. At Assetz Capital, we seek to reduce this risk to our investors by taking asset security on every loan, with the added benefit of a discretionary Provision Fund for some of our investment accounts.