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Peer2Peer Finance News | December 14, 2018

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Assetz to give 1pc extra interest to investors in Spring offer

Assetz to give 1pc extra interest to investors in Spring offer
Suzie Neuwirth

ASSETZ Capital has launched a Spring bonus, giving its investors an additional one per cent target interest.

The peer-to-peer business lender said on Monday that all new funds lent between now and 4 April on the platform will now earn the additional target interest until 30 June.

The offer is available to both new and existing investors and all of its products quality, including its Innovative Finance ISAs (IFISA).

Read more: Assetz Capital becomes first P2P lender to join broker trade body

Any additional interest will be paid in a lump sum within 30 days of the end of the promotion.

“The one per cent Spring bonus is a way of us saying thank you to our longstanding investors, while also attracting a new audience to P2P,” said Stuart Law, chief executive of Assetz Capital.

“We have a growing loan book, with total lent now approaching £0.5bn. The one per cent Spring bonus will help ensure we continue to deliver for a wide-range of borrowers, while providing very fair returns for our investors.”

Assetz Capital revealed earlier this month that almost 3,000 of its investors have set up an IFISA, with those who have already started investing putting an average of nearly £12,000 into the product.

Read more: Assetz Capital set to open IFISA to manual accounts