Earmark funds for P2P investment and earn 3% p.a. (fixed) interest on your money.
Karteek Patel, CEO of Crowdstacker, explains why we’ve created an offer enabling you to earn 3% (fixed) interest, p.a. on money held with us.
Our primary aim is to offer high quality, direct, fixed income investments to everyday investors. See our latest investment opportunities.
Every year we meet with hundreds of businesses, looking to raise capital to fund growth or development. Only those that make the grade feature on our peer to peer platform as peer to peer loans, bonds or loan notes. Find out how our selection process works.
We believe due diligence should never be rushed. It’s essential we take time to get to know these businesses and the people who run them. Taking time to structure investments, offering you the best possible returns. We never plan to lower our standards to bump up our choice of options. We will, however, reward investors for their patience waiting for quality investment opportunities to be made available.
Crowdstacker aims to make it simple for you to earn interest on your money
To help ensure your money is working for you while you wait for our next round of investments, we’ve created the 3% offer.
Put simply, while you’re waiting for the launch of our latest opportunities, you can deposit your money in your Crowdstacker account and have the opportunity to earn 3% p.a. (fixed) interest per annum.
- any interest payments on current loans that are not automatically reinvested,
- any repayments of lent capital when a loan comes to a close, or
- any money you have earmarked to be invested through Crowdstacker can be held by us on your behalf until you find an opportunity that suits you
How does it work exactly?
3% gross, p.a. fixed interest accrues from the date of deposit until the commencement of your new investment. This interest is due to be paid into your account within thirty days of your new investment beginning.
There are two key requirements to be aware of:
1. Money held by us on your behalf must ultimately be lent to a business on our platform by 5th April 2018.
2. 3% p.a. (fixed) interest is only paid once an investment has been identified by the investor and money has been lent.
We’ve set this offer up with the aim to ensure your money keeps earning while you wait for our new high-quality opportunities. And, to make transferring funds to your next investment as seamless as possible.
You can earn 3% p.a. (fixed) interest tax-free too
The other good news is, you can hold your money in an Innovative Finance ISA account. This means interest earned from this 3% p.a. (fixed) p.a. offer can be tax-free. The amount you choose to deposit can form some, or all, of the current year’s (2017/18) £20,000 ISA allowance.
ISAs you have opened in previous years and transferred over can also earn through this offer.
If you don’t want to use your ISA, remember, you could still benefit from tax-free savings through your personal savings allowance. You could earn up to £1,000 interest tax-free if you’re a basic rate taxpayer, or £500 if you’re a higher rate taxpayer.
Deposits are covered by the Financial Services Compensation Scheme
The money we hold for you is covered by the Financial Services Compensation Scheme (FSCS) up to the value of £50,000. Once you’ve invested in a business through Crowdstacker, your capital is at risk. FSCS protection ends and your investment’s own security package takes effect.
Find out more about our peer to peer investments
If you’d like to find out more go to our investment page or call us on 020 7118 7570.