Zopa Guarantees Returns 5.1%
But the yield is only 5.1%. Essentially you are buying a 1 year CD in the credit union of Zopa. Details can be found in the this Wall Street Journal article.
FDIC insured guaranteed rate of return. Yield capped at 5.1%
Seems just like a credit union. I will be glad to have competition in the p2p lending space. It makes everyone better, but 5.1% return is not why I can to play ball. I will take more risk for a chance at higher returns.
Don’t get me wrong I will try Zopa. I just don’t expect to place a significant amount of money there.
Keep reading for my eventual post launch Zopa followup.
Useful Info:
comments
One Response to “Zopa Guarantees Returns 5.1%”
Trackbacks
Leave a Reply
|
Need a loan before payday? Trying hard to settle debt? Get back on track, learn all about consolidating your debt and find out where to get credit cards for bad credit. |





Yeah, they seem to be more a way of attracting people to credit union partners (both as lenders and borrowers) and although you get a nice feeling of helping people, you’re not really getting a monetary reward above what you would get from an online bank