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Scheduled Update @ 10:30 18/06/19 Read more... ×

ZOPA - anyone used them to lend money?

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I'd be interested to hear any forummers experiences about this way of getting a decent interest rate on savings. I've just started with them.

 

Thanks

 

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I've considered it before but you have to pay Capital Gains Tax on it, which complicates how much return you get on lending. I stuck with my ISA in the end.

 

Secondly, if you fail to lend the money sits in the ZOPA account and returns interest for them and not for you, which is another complication. If you take a punt and do try it I'd be happy to read your opinions.

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