Since 4 May 2020 investors have only been receiving 50% of interest, with the other 50% going to the Provision Fund, for the protection of all investors. This will be the case until further notice and reviewed every quarter. Also, the time it is taking investors to access their funds is taking longer than usual.
The quill was perfect.
Until someone invented the pen.
Investing and borrowing
rewritten for everyone.
FCA authorised and regulated
Over 84,000 investors
Operating since 2010
Over £3.6 billion invested to date
Invest
Earn interest every day
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Invest tax-free in our Innovative Finance ISA
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Make regular direct debit contributions using our Auto Invest feature
Borrow
Get a loan at competitive rates
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With flexible repayment terms
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Fast response with no impact on your credit score
Peer-to-peer means better value for everyone
Ever wondered how your bank makes money? By lending your money. We believe that your money should work for you instead of someone else.
In 2010, we founded RateSetter on that principle. We created a peer-to-peer platform to connect those who have money to invest with those who want to borrow it. We may not offer the lounge service and marble foyer of your bank, but we exist for people who want rewarding investments. Or a competitive loan.
RateSetter news
RateSetter and Metro Bank: acquisition completes
On 3 August we announced that Metro Bank and RateSetter had agreed for Metro Bank to acquire RateSetter, with the acquisition being subject to regulatory approval. Today we are pleased to confirm that the transaction has completed. There are no...
RateSetter wins award for consumer credit
We’re very pleased to say that RateSetter has won the award for Best Loan Provider for loans of £2.5k or more at this year’s Consumer Credit Awards. We were also shortlisted in four other categories: Best Car Finance Provider, Treating Customers...
RateSetter and Metro Bank
Earlier this year, we confirmed that RateSetter was exploring strategic options to ensure our continued growth. Today Metro Bank has announced that it is acquiring RateSetter. The acquisition is subject to regulatory approval, as all such...
Comparing performance of investment classes in H1 2020
We analysed the performance of mainstream investment classes in H1 2020. Following the Covid-19 outbreak and the current economic environment, RateSetter announced on 4 May a temporary reduction in interest for the remainder of the year. During th...
Inside RateSetter: Asset Finance
Our ‘Inside RateSetter’ series has covered consumer finance and property finance. In our latest blog we speak to George Stancliffe who oversees RateSetter’s asset finance operations. Please tell us about your background I originally qualified as a...
Inside RateSetter: Consumer Finance
In the latest blog in our ‘Inside RateSetter’ series we talk to Anna Decoudu, RateSetter’s Head of Consumer Finance. Anna, tell us about your background in consumer finance After studying econometrics, I started my career at Capital One and worked...