Business Bank account funds

[TheFaQQer]

https://www.ratesetter.com/lend/provisionfund

You're welcome.

Note that this is why I prefer RateSetter over Funding Circle (where I expected a high level of default, but overall had a better rate of return). I believe you can use business funds with Zopa, but I've yet to try it outside a small personal investment (~£500).

"Our Provision Fund does not provide a guarantee and money is not covered by FSCS."

You're welcome.

A 0.7% gain with the risk that the money might disappear doesn't seem worth the while as far as investing company funds goes. I guess it's no different from only investing what you can afford to lose, though.

[tractor]

...

Prepaying CT used to be good @ around 4% but now it's only .5%

[contractorZ]

"Our Provision Fund does not provide a guarantee and money is not covered by FSCS."

You're welcome.

A 0.7% gain with the risk that the money might disappear doesn't seem worth the while as far as investing company funds goes. I guess it's no different from only investing what you can afford to lose, though.

Hi,

First time post, I don't work for ratesetter. Not trying to recommend them, just in case anyone is interested in them.

I have had some of my company money on their 30 day market with them since 2011 shortly after they started and not had any problems or lost any money.

In the early days the rates on the 30 day market were better. I just looked back and was getting 3.9% at the start as an example, albeit this still isn't huge.

I must admit I agree with you that I've never been totally comfortable putting company money in Ratesetter given the risk/return so have been careful how much company money I put in there.

It's the only P2P lender I have had company money in, although I do have personal money in others

[Forbes Young]

Hi,

First time post, I don't work for ratesetter. Not trying to recommend them, just in case anyone is interested in them.

I have had some of my company money on their 30 day market with them since 2011 shortly after they started and not had any problems or lost any money.

In the early days the rates on the 30 day market were better. I just looked back and was getting 3.9% at the start as an example, albeit this still isn't huge.

I must admit I agree with you that I've never been totally comfortable putting company money in Ratesetter given the risk/return so have been careful how much company money I put in there.

It's the only P2P lender I have had company money in, although I do have personal money in others

Is the account with Ratesetter in your name or your company name?

[contractorZ]

Is the account with Ratesetter in your name or your company name?

My company ratesetter account is in my company name and linked to the company bank account.

I have a separate ratesetter account for my personal money in my personal name, linked to my personal bank account.

Hope that helps?

[Forbes Young]

My company ratesetter account is in my company name and linked to the company bank account.

I have a separate ratesetter account for my personal money in my personal name, linked to my personal bank account.

Hope that helps?

Yes that's fine. You could always discuss your overall financial position with your IFA to see if there is a better solution for you.

[contractorZ]

Yes that's fine. You could always discuss your overall financial position with your IFA to see if there is a better solution for you.

Agree - my IFA has been very useful in long term planning and asset allocation