Stuart Law

Assetz Capital raises access account rates



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P2P lender Assetz Capital has announced its first ever increase of target interest rates across its access accounts.

Target interest rates for the quick access account have increased from 3.75% to 4.10%, while rates for the 30-day access account have moved from 4.25% to 5.10%.

Both new and existing customers can access the new rates, which will apply to both Isa-wrapped and non-Isa accounts.

Stuart Law, CEO at Assetz Capital (pictured above), said: “Since we launched our access accounts, we’ve kept the rates consistent – other than for promotions – but we now have the opportunity to raise those rates for the time being and reward investors with even more interest.

“The growth of our business continues apace with both borrower demand and people’s investment with us both at record highs. 

“We currently have approaching £300m invested through our various investment accounts, and the growth curve remains strong. 

“With new Isa investments and transfers from both cash and stocks and shares Isas continuing to pour in to all of our accounts, we expect this rate rise to further increase this rate of inflow and help us continue to put money to good use in the UK economy through businesses.”

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