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  • FIRST POST
    • henryandmay
    • By henryandmay 8th Aug 18, 4:34 PM
    • 50Posts
    • 8Thanks
    henryandmay
    Ratesetter 100 bonus
    • #1
    • 8th Aug 18, 4:34 PM
    Ratesetter 100 bonus 8th Aug 18 at 4:34 PM
    Has anyone taken advantage of this?

    https://invest.ratesetter.com/home

    Is it worth doing?
    Last edited by MSE ForumTeam2; 08-08-2018 at 11:23 PM. Reason: referral removal
Page 1
    • MallyGirl
    • By MallyGirl 8th Aug 18, 5:17 PM
    • 2,999 Posts
    • 8,005 Thanks
    MallyGirl
    • #2
    • 8th Aug 18, 5:17 PM
    • #2
    • 8th Aug 18, 5:17 PM
    The rates are not great (in P2P terms) since your capital is at risk but the 100 bonus makes it worth a punt if you can afford to lose the money (worst case). I did something like this back in the day. You do have to tie your money in for a year.

    Note: I am talking about the signup bonus in general. You have posted a referral link for Monevator which is not allowed here
    Last edited by MallyGirl; 08-08-2018 at 5:22 PM.
    • Flobberchops
    • By Flobberchops 9th Aug 18, 12:18 AM
    • 817 Posts
    • 636 Thanks
    Flobberchops
    • #3
    • 9th Aug 18, 12:18 AM
    • #3
    • 9th Aug 18, 12:18 AM
    Yes. I've recently signed up for a 1 year fix which at the time was giving 4.6%. The additional 100 cashback (paid at the end of term) will raise this to an effective 14.6%, which (assuming no losses) isn't half bad. Higher rates are possible in P2P but those would tend to be self-select loans, higher risk and potentially less liquidity and/or shorter term than the full year. So, I considered the RateSetter promotion attractive, at least for the first year, I may well withdraw the lot and abandon it after that.
    I work for a UK bank, but any comments made on this forum are solely my personal opinion. Caveat Emptor!
    • ChopperST
    • By ChopperST 9th Aug 18, 9:36 AM
    • 1,132 Posts
    • 745 Thanks
    ChopperST
    • #4
    • 9th Aug 18, 9:36 AM
    • #4
    • 9th Aug 18, 9:36 AM
    Yes. I've recently signed up for a 1 year fix which at the time was giving 4.6%. The additional 100 cashback (paid at the end of term) will raise this to an effective 14.6%, which (assuming no losses) isn't half bad. Higher rates are possible in P2P but those would tend to be self-select loans, higher risk and potentially less liquidity and/or shorter term than the full year. So, I considered the RateSetter promotion attractive, at least for the first year, I may well withdraw the lot and abandon it after that.
    Originally posted by Flobberchops
    Totally agree. I was an early adopter and have loans at 6%

    Mrs Chopper will certainly be tempted for a year with the promotional offer though.
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