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ZOPA
cwmoss
Posts: 5 Forumite
Does anyone have any advice about investing with Zopa Bank?
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Comments
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Saving or investing?
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You put cash in, you earn interest. If you invest in the p2p side, you might lose some funds, but on the other side will earn a higher rate of interest, but would get charged 1% to exchange your loan in an early withdrawal.
The end.1 -
I invested in their P2P offerings a few years ago with no problems but have mainly pulled out of P2P due to failures of other platforms.Currently have one of their FSCS protected fixed rate savings products - close to market leading interest, opened and funded without issue. Nice to have a 14 day window to fund with multiple deposits allowed and confirmation of deposit arrives within a few minutes.Do Money Saving sites make you buy more bargains - and spend more money?1
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