peer to peer savings account

xtinataguba

as far as i know you will lose all your money, but in some cases some they still get something but not the whole amount.

hello11

jamesd wrote: »

If you want lower risk and still a good prospect of high returns you might consider funds,though not a guarantee that the capital value will not fall. They can also be held inside a stocks and shares ISA so they pay out with no income tax to pay on the money, nor any need to tell HMRC about it.

when you open an isa you give the provider your NI number which alerts hmrc,so dont understand why you say nor any need to tell hmrc about it?!

P.S. thanks everyone for your replies,i really appreciate it,

innovate

jamesd wrote: »

In parts of the Eurozone. Not in Estonia. Bank personal loan rates there for those with excellent credit scores are apparently in the 25-36% range.

I think you picked their equivalent to our credit card APRs, which aren't far from these figures.

Longer term loans, are way lower - just the same as here.
http://statistika.eestipank.ee/?lng=en#listMenu/1071/treeMenu/FINANTSSEKTOR/147/979

Their savings interest rates are just as miserable as ours (and those in the rest of Euroland)
http://statistika.eestipank.ee/?lng=en#listMenu/1013/treeMenu/FINANTSSEKTOR/147/979

Eco_Miser

hello11 wrote: »

when you open an isa you give the provider your NI number which alerts hmrc,so dont understand why you say nor any need to tell hmrc about it?!

You don't need to tell HMRC because they don't want you to tell them, since there is no extra tax to pay, and the ISA provider has already told them.

jamesd

innovate wrote: »

I think you picked their equivalent to our credit card APRs, which aren't far from these figures.

I used the APR one, not the base interest rate one that doesn't include arrangement costs.

innovate wrote: »

Longer term loans, are way lower - just the same as here.
http://statistika.eestipank.ee/?lng=en#listMenu/1071/treeMenu/FINANTSSEKTOR/147/979

Those aren't APRs so don't show the true cost of borrowing, particularly over 1-5 years rather than for a mortgage.

As a practical matter some months later I've been lending at rates like 28% for purposes like home improvement, car buying and debt consolidation in the same sort of mixture as at Zopa, with me generally choosing not to lend to anyone who has any negative reports on their credit record, like late payments.