With this RateSetter refer a friend discount, you'll get a £100 bonus when you invest £1,000 for 1 year. RateSetter is the UK's most popular peer to peer platform.
How to use your RateSetter refer a friend discount
- Click on the 'Get Deal' button and follow the link to the RateSetter website.
- You'll see a message that says 'X has sent you a £100 bonus'. To claim it, you must invest. Click on the 'Invest today' button below the message.
- Classify yourself based on your experience of investing (Self-certified Sophisticated, Restricted, Certified Sophisticated, High Net Worth). Click on the 'Confirm' button below.
- Enter a few more details, and choose 'Next'. To finalise your account, send a copy of a recent bank statement and proof of ID (valid passport or drivers licence).
RateSetter is the safest and most liquid peer to peer (P2P) lending platform in the UK. It brings together those who have money (investors) with those who want to invest it (borrowers). The platform is operating in the UK since 2010, and in Australia since 2014. Over 700,000 investors and borrowers have invested more than £3.5 billion. RateSetter is FCA authorised and regulated.
How peer to peer investing works
P2P lending platforms connect investors with credit-worthy borrowers so everyone benefits. At RateSetter, you can get interest every month, with great returns and more stability. And although instant access is not guaranteed, withdrawing your investment is easy (within 24 hours on average).
RateSetter Provision Fund
Borrowers pay interest on the money they took out as a loan. At RateSetter, one part of the money goes to the investor, while the other goes to the Provision Fund where it acts as a buffer that protects your investment (it automatically reimburses you if a borrower misses its payment). However, your money is at risk if the Provision Fund is depleted by too many continuous borrower defaults.
RateSetter reviews and awards
With nearly 6000 reviews on Trustpilot, RateSetter has a TrustScore of 4.7/5 and is rated as excellent.
In 2019, RateSetter won the Queen’s Award for Enterprise, the most prestigious business award in the UK
RateSetter referral programme
Use your unique refer a friend link provided to you in the members’ area and share it with your friends who haven't previously invested with RateSetter. Once any of your friends invests a minimum of £1,000 through the RateSetter ISA or Everyday account, you'll be eligible for the £50 bonus.
See the deal provider's website for terms & conditions