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 this time, investors will receive only 50% of their interest with the other 50% going to the Provision Fund, for the protection of all investors.  Also, since the outbreak, the time it is taking investors to release their investments is currently longer than normal. Further information is available here. 

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.

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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.

 

Everything you need to get started with our ISA

Create account

Questionnaire

National insurance number

Deposit

Sign up to RateSetter and choose which type of investor you are

Complete our questionnaire to ensure you understand all the risks

Make sure you have this to hand! It is a HMRC requirement

Have your debit card or existing ISA account details ready to deposit or transfer money

Create account

Questionnaire

Sign up to RateSetter and choose which type of investor you are

Complete our questionnaire to ensure you understand all the risks

National insurance number

Deposit

Make sure you have this to hand! It is a HMRC requirement

Have your debit card or existing ISA account details ready to deposit or transfer money

 

Bring your ISAs together

Transferring your ISA can be a great way to make sure your savings or investments continue to work hard for you. What’s more, combining your ISAs can make it easier to manage your money, giving you more time to do the things you love.

You can transfer ISAs that you hold with other providers to us for free. However, other providers may charge a fee so check with your current provider to avoid any unexpected fees.

Remember, transfer ins from previous tax years don't affect your current annual £20,000 ISA allowance. Learn more

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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

Access

3.0%

Annualised rate

 

No fee to release your investment

 

The matched rate will be reduced by 50% during the Temporary Interest Reduction period. 

E.g. if matched at 3.00% it will be reduced to 1.50%.

Plus

3.5%

Annualised rate

 

Release fee: 30 days' interest

 

The matched rate will be reduced by 50% during the Temporary Interest Reduction period. 

E.g. if matched at 3.50% it will be reduced to 1.75%.

Max

4.0%

Annualised rate

 

Release fee: 90 days' interest

 

The matched rate will be reduced by 50% during the Temporary Interest Reduction period. 

E.g. if matched at 4.00% it will be reduced to 2.00%.

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

Become a RateSetter

Open your ISA account

Fund your account

Choose your product