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.

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