IFISAs Offer Good Yield, But Don't Forget Security And Access


One-pound-coin-with-slice-on-British-five-pound-note

Our friends at P2P Finance News report on the market in Innovative Finance Individual Savings Accounts (IFISAs). These products are attractive, but carry risks that need to be understood. We carry a short extract below, as well as references to our regular visits to the topics of security, access and yield in this News section.

P2P Fin News Logo

"THE MAIN peer-to-peer lenders are currently offering rates five times higher than the best offerings on the mainstream savings market.

"It comes as a new challenger bank launched last week called PCF, offering a fixed savings rate of 2.6 per cent.

"This may come with Financial Services Compensation Scheme (FSCS) protection, but seven years is a long time to lock up your money for and savers could do better by taking a bit more risk with a P2P platform...

"Platforms will have different levels of risk so it is still worth doing due diligence and checking the types of borrower, underlying assets and default rates, but the data shows the mainstream savings market is still failing to keep up."

MoneyCoBlogLogo

Money&Co. brings individuals looking to get good return on capital with carefully vetted small businesses seeking funds to grow. We run our loan book conservatively, and have no defaults in over three years of facilitating loans. In addition to new loan offerings, our secondary loan market, offering existing loans for sale by lenders, is available to registered Money&Co. users.

All loans can be held, tax-free, in an Innovative Finance Individual Savings Account, or Innovative Finance ISA. Our lenders have achieved an average return of 8.6 per cent, 7.6 per cent net of our one per cent charge. We have recently brought on board property-backed loans, which are proving highly popular and, because of the extra security, are rated A+, the best risk rating.

Risk: Security, Access, Yield

Do consider not just the return, but the security and the ease of access to your investment. We write regularly about these three key factors. Here's an earlier article on security, access and yield. And, for good measure, here's another.

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. Capital is at risk, once loaned.



FOLLOW MONEY&CO. ON TWITTER

Search news

You may put double quotes around your search to search for literals. Max. 4 words inside quotes (dashed words count as one word).

Allowed symbols: " ' & -

More news

2018
NovemberOctoberSeptemberAugust
July
June
May
April
March
February
January
2017
December
November
October
September
August
July
June
May
April
March
February
January
2016
December
November
October
September
August
July
June
May
April
March
February
January
2015
December
November
October
September
August
July
June
May
April
March
February
January
2014
December
November
October
September
August
July
June
MayMarchFebruary

Search blogs

You may put double quotes around your search to search for literals. Max. 4 words inside quotes (dashed words count as one word).

Allowed symbols: " ' & -

More from blogs

2018
2017
2016
NovemberOctoberSeptemberAugustJulyJuneMayMarchFebruaryJanuary
2015
DecemberNovemberSeptemberAugustJulyJuneMayAprilMarchFebruaryJanuary
2014
DecemberNovemberOctoberSeptemberAugustJulyJune



Disclaimer: Money&Co.™ is the trading name of Denmark Square Limited, Company Number 08561817, registered in England & Wales, authorised and regulated by the Financial Conduct Authority (FCA). The company is identified on the Financial Services Register under Reference Number 727325. The registered office is 58 Glentham Road, Barnes, London, SW13 9JJ where the register of Directors may be inspected. Denmark Square Limited (ISA manager reference number Z1932) manages the Money&Co. Innovative Finance ISA.