The RateSetter Isa was initially only available to existing customers before being opened up to new customers on 1st March.
RateSetter said that it was “very pleased” with the level of take up since the offer was opened up to new customers.
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The P2P platform added that it was looking forward to opening up its IFIsa offering in April to customers that wanted to transfer existing Isas to RateSetter.
John Battersby, head of communications and policy at RateSetter, said: “RateSetter’s purpose is to give people the opportunity to earn more on their money.
“Our Isa makes that opportunity even more compelling because investing is now tax free.
“We are very pleased with the level of take up to date.”