Recent statistics show retail price inflation shooting up to 2.3 per cent. That outstrips the returns available from cash deposits. According to Money Facts, the best instant-access deposit account pays just 1.1 per cent. To get a return of just 2.2 per cent, investors would have to tie cash up for five years. All of which amounts to a substantial erosion of capital value.
“Low rates and rising inflation as even the highest paying easy access accounts can’t beat the cost of living,” runs a quote from the article. We could not agree more. See our earlier pieces on the Great Savings Robbery
Average 9 per cent gross yield achieved
Money&Co lenders have achieved returns of almost 9 per cent – before deduction of our one per cent fee – in the three ears and nearly £10 million of loans facilitated on our platform.
We currently have two P2P loan offers on site – both fixed at 8 per cent yield. Webuyanyhome is A+ and property-backed. Mar-Key is A-rated. Further detail is available to registered Money&Co. users. Both loans – each over one fifth subscribed at the time of writing – can be held, tax-free, in an Innovative Finance Individual Savings Account, or Innovative Finance ISA.
If you haven’t made a loan via Money&Co. before, please read the risk warnings and the FAQ section. You may also wish to consult a financial adviser before making an investment.