How RateSetter works

Get better returns for your money by investing in loans to individuals and businesses.

Capital at risk. No FSCS protection. Past performance is not an indicator of future results.



Please note: the investment side of RateSetter closed on 2nd April 2021.
 All money was returned to investors’ Holding accounts from 2 April to 6 April, with no investment release fees applied.

A little more detail

We select borrower loan requests that we price based on our credit management expertise that we have built over the last 10 years. We price loans based on the creditworthiness of the borrower, the term and the amount.

As an investor you select the interest rate you would like to earn and we match your money with the next available borrower request.

Why invest with us

Great returns, more stability 

We provide our customers with higher interest than most savings accounts. At the same time, we provide more stability than stocks and shares accounts.

The rates quoted on the RateSetter website for each product are based on the reinvestment of borrower repayments at the same interest rate. If rates have changed since your original investment it will affect your overall return.

RateSetter allows borrowers to repay all or part of a loan at any point. If early repayment occurs it will also affect your overall return.

RateSetter does not pay interest on any funds that are not on loan and are held in your RateSetter holding account, i.e. funds that have not been matched to borrowers. You should either invest or withdraw funds that are unmatched for a significant period of time.


Accessing your money

With us, you can request to release your investments at any time. We will process any requests as soon as there are funds on the market to take over your investment. Early release fees may apply.

You can release invested funds by logging into your account and selecting Withdraw. There is no fee to releasing funds from Access. The Release Fee for Plus is calculated as 30 days' interest at the Going Rate and the Release Fee for Max is calculated as 90 days' interest at the Going Rate.

Unfortunately, we are not able to release funds from contracts under £10. This is because when you release your investment from a loan contract, another investor is matched to it and £10 is the minimum amount that can be invested.

In order to ensure fair usage, you cannot invest new funds into Access for 14 days after a request to release an investment in that product.


Provision Fund protection 

We protect your investment using the Provision Fund, which automatically reimburses investors if a borrower misses a payment. 

Investments through RateSetter are protected by the RateSetter Provision Fund which provides a buffer against poorly-performing loans. As with most borrowing, people who take out a loan pay interest on the money that they have borrowed. At RateSetter, part of the interest goes to you, the investor, while another part goes directly into the Provision Fund.

The Provision Fund will cover borrower defaults if there are sufficient funds available, and we aim to manage the size of the Provision Fund so that it covers all the expected missed payments by borrowers.

If the Provision Fund has insufficient funds to cover borrower defaults you may receive less interest than you expected, lose some or all of the capital you invested and / or it may take longer than expected for you to receive your money back.

The Provision Fund we offer does not give you a right to a payment so you may not receive a pay-out even if you suffer loss. The Fund has absolute discretion as to the amount that may be paid, including making no payment at all. Therefore, investors should not rely on possible pay-outs from the Provision Fund when considering whether or how much to invest.  Learn more


Capital at risk, no FSCS protection.

Our Provision Fund does not provide a guarantee and past performance is not an indicator of future results. Therefore, if a borrower misses a payment you may earn less than the advertised interest rate. As with most investments, this means your capital is at risk. RateSetter provides the platform only and does not provide any financial advice. As a result, it is your responsibility to decide whether investing with us is right for you, either on your own or with the help of a financial or tax adviser.

Our wind-down plan.

We have detailed plans in place designed to allow investments to continue as normal, in the case of an orderly exit from the market due to a number of unlikely circumstances.  Learn more


Get better rates for your money, everyday.


Invest for your future with a tax free wrapper.



Annualised rate


No fee to release your investment



Annualised rate


Release fee: 30 days' interest



Annualised rate


Release fee: 90 days' interest