Zopa launch new products - Access (~3.5%), Classic (~4.5%) and Plus (~6.5%)

blizeH

https://www.zopa.com/lending/rates

Zopa Access - 3.5%
Great if you're new to Zopa, or if you want to dip into your money occasionally.

Zopa Classic - 4.5%
Great if you want to put your money away and leave it to grow.

Zopa Plus - 6.5%
Great if you're happy lending at Zopa and want a higher return for more risk.

badger09

haven't got round to reading my email yet. I've been with Zopa since November 2006, but been gradually withdrawing. Might dip back in as I have a couple of Regular Savers (Chorley:() maturing soon and nowhere worthwhile (in cash) to put them:cool:

nearlyretired2004

Looked at Zopa several times but never taken the plunge because I am risk averse and the lack of protection from the FSCS.....

Fancy a dabble now with a small amount, but was a bit worried by their 'Retuirns Performance' chart and the listings under 'Bad debt fund usage'

In 2013 and 2014 did they REALLY use 51% and 48% of all funds invested to cover bad debts.... or am I reading it wrong?

Thanks as always ...

Froggitt

Without looking, could be 51% of the contingency fund?

blizeH

For anyone considering this, it could be worth waiting until next month when you can use an ISA wrapper