Zopa increases returns for investors

Zopa increases returns for investors

Zopa has increased the rates on its core, plus and IFIsa products.

Rates on its core and IFIsa core products have risen to 4.5%, while rates on its plus and IFIsa plus products have increased to 5.2%.

This comes after the Bank of England’s recent base rate rise and pricing improvements in the loan market.

The P2P lending platform recently reached over £150m in total outstanding in its Isa products.

Andrew Lawson, chief product officer at Zopa (pictured above), said: “We’re delighted to offer investors a return of up to 5.2% for accepting the risk of P2P lending. 

“As demand for cash Isas drops to an 18-year low, the IFIsa stands as an excellent middle ground for people who are looking for an alternative to the cash Isa, but don’t want to take on the risks or volatility associated with investing in the stock market.”

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