RateSetter ISA passes £250m in subscriptions

In under 18 months since its launch in February 2018 the RateSetter ISA has attracted more than £250m in subscriptions, including £50m of inflows over the last three months alone.

We would like to thank all our investors for choosing to invest with us.

Mario Lupori, Chief Investments Officer at RateSetter, said:

“Only 18 months ago the RateSetter ISA was an unknown quantity, but now the numbers speak for themselves. Our ISA has quickly attracted £250m and with a combination of steady, tax-free returns and well-managed risk it is becoming a real alternative to Cash ISAs. It’s clear that peer-to-peer investing is becoming a mainstream investment option.”

1 in 3 RateSetter investors are earning interest tax-free with the RateSetter ISA, enjoying an interest rate of 4.5% per annum on average.

To find out more about the RateSetter ISA click here.