£7m invested in Assetz since September rate rise
£7m has been invested in Assetz Capital’s investor accounts since the peer-to-peer lending platform raised its rates in September.
Since the rate increase, the amount of money invested in Assetz Capital’s three access accounts has grown from £126 to £133m.
Over £36.7m is currently invested in the Quick Access account, which allows investors to make instant withdrawals. Last month, Assetz increased the Quick Account target rate to 3.9 per cent, up from 3.75 per cent previously.
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The 30 Day Access Account has more than £45.3m invested at the time of writing. Investors must give 30 days’ notice to access their cash in normal market conditions, but there are no fees to invest or withdraw funds.
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That account now offers 4.1 per cent target returns, up from the previous four per cent. Three is also the option to transfer the funds to the 90 Day Access Account with just one click.
Meanwhile, the 90 Day Access Account is currently targeting 4.5 per cent – up from 4.1 per cent previously. Over £51.4m is currently invested in this account.
Assetz Capital has recently eliminated the queue for investors to enter the three access accounts, which means that all new investors can immediately take advantage of the new rates.
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