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ZOPA

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cwmoss
cwmoss Posts: 5 Forumite
Third Anniversary First Post
in Savings & investments
Does anyone have any advice about investing with Zopa Bank?

Comments

  • masonic
    masonic Posts: 27,284 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Saving or investing?
  • DireEmblem
    DireEmblem Posts: 930 Forumite
    Part of the Furniture 500 Posts Name Dropper
    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.
  • ctdctd
    ctdctd Posts: 1,098 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    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?
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