RateSetter Innovative Finance ISA

Better returns than Cash ISAs, more stable than Stocks and Shares ISAs.

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.


What is an Innovative Finance ISA?

An Innovative Finance ISA (Individual Saving Account) is the newest category of ISA, and sits between the traditional Cash ISA and Stocks & Shares ISA.

It makes it possible to invest through peer-to-peer platforms such as RateSetter, tax-free.

With our Innovative Finance ISA, you can either use your full £20,000 balance or split your investment between each type of ISA.

Please note that tax treatment depends on individual circumstances and may be subject to change in the future. ISA rules apply.

A more rewarding ISA

  • Our ISA is flexible which means you can replace any cash you withdraw within the same tax year without it counting towards your ISA allowance, a withdrawal fee may apply
  • Request a withdrawal at any time - we will process any requests as soon as there are funds on the market to take over your investment. Instant access is not guaranteed
  • Manage your ISA anywhere - deposit, invest and withdraw all from your online account
  • Simple - choose your product and interest rate and we’ll take care of everything else


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Greater stability, better returns

Our Innovative Finance ISA provides investors with more attractive returns than an average Cash ISA. Whilst also being more stable than the average Stocks and Shares ISA.

With RateSetter, £1,000 invested at the start of 2015 would be worth £1,175 at the beginning of 2020.

RateSetter’s Provision Fund reimburses investors if a borrower misses a payment.

This graph shows the average return for £1000 invested over 5 years for the RateSetter Rolling product, which was rebranded to Access 3rd October 2019. This has been calculated using the average return of our Rolling/Access market rate at 3%. FTSE 100 iShare ETF and MSE Instant Access Savings. Past performance is not a reliable indicator of future results.


Myths and misconceptions about ISAs

Individual Saving Accounts (ISAs) are one of the most popular saving and investment products in the UK, however they are the subject of many myths and misconceptions.

Here we tackle the biggest areas of confusion head on and give you the facts so that you can make the best decision for your finances.
Learn more


Choose the right product for you



Annualised rate


No fee to release your investment



Annualised rate


Release fee: 30 days' interest



Annualised rate


Release fee: 90 days' interest

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

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