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Assetz capital Great British Business Account
where_are_we
Posts: 1,240 Forumite
I have a small amount invested in Assetz Capital`s Great British Business Account Series 2 target rate 6.25% wrapped up in an IFISA. This account is being closed to new investment. As loans are repaid I will reinvest in their 90 day access account which has an introductory target capped rate of 5.75%. I know I could better my return using their Manual Lending Account with no Provision Fund but I am happy with a hands off approach and so will have to accept a lower return.
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Comments
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If you are happy with the GBBA hands off, invest small chunks in lots of loans with a provision fund then the 90 day makes sense. Its only 0.5% off the GBBA anyway.
The MLA takes a bit more effort and in reality you would be looking at 7-8% at best.
I like the MLA because I enjoy checking in and finding new loans to put the returns into.0
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