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Peer2Peer Finance News | August 16, 2017

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interest rates

P2P lenders offering rates up to five times better than mainstream best buys

August 14, 2017 |

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 … Read More

Bank of England revises down growth forecast as rates are held

August 3, 2017 |

THE BANK of England has revised down growth forecasts for the UK as it held interest rates yet again this month.

It is now a year since the last cut in the Bank of England base rate, with many expecting … Read More

Lending Works offers bonus of up to £200 to new and existing investors

July 24, 2017 |

LENDING Works is offering cash bonuses of up to £200 to new and existing investors for a limited time period.

The peer-to-peer consumer lender said that from Monday 24 July, investors will receive a £50 bonus for every £5,000 they … Read More

Carney shoots down speculation of rate increase

June 20, 2017 |

BANK OF England Governor Mark Carney (pictured) has hinted that there will not be an increase in the base rate for some time, which could spell good news for peer-to-peer lending platforms.

His comments came less than a week after … Read More

Assetz Capital bucks trend with interest rate hike

April 13, 2017 |

ASSETZ Capital has defied the industry trend of falling interest rates by hiking the returns on its 30-day access account for a limited time period.

The peer-to-peer lending platform, which channels funds to small- and medium-sized enterprises and property developers, announced on Thursday … Read More

No end in sight for low savings rates as inflation hits 31-month high

February 14, 2017 |

MORE pressure was heaped on savers seeking decent returns in January as inflation reached a 31-month high of 1.8 per cent, Office for National Statistics figures have revealed.

The cost of living rose from 1.6 per cent in December 2016 to 1.8 … Read More

Savers suffer again as Bank of England holds rates at record low

February 2, 2017 |

INTEREST rates have been held at their record low by the Bank of England, leaving little sign of a boost for savers with money languishing in traditional products.

The Bank of England’s monetary policy committee held the base rate at … Read More

RateSetter: Savers prefer better returns to more protection

January 25, 2017 |

MOST savers would prefer a higher interest rate on their money rather than a higher level of protection from the government’s financial compensation fund, according to research from RateSetter.

The Financial Services Compensation Scheme (FSCS) currently protects up to … Read More

SMEs missing out on £473m in interest

January 10, 2017 |

SMALL and medium-sized enterprises (SMEs) could be missing out on £473m in interest by not shopping around for a business deposit account, Cambridge & Counties Bank has claimed.

Analysis of Moneyfacts data by the lender found the average return available for … Read More

More pain for savers as Bank of England warns on skyrocketing inflation

November 3, 2016 |

THE BANK of England’s U-turn on further rate cuts today provided little respite for savers, as the central bank warned of a sharp rise in inflation.

Hints of another rate cut have been dropped, due to the increasing cost of … Read More