Managing Your Money 

Bin your bank

Bin your bank

The financial crisis and its aftermath have frustrated both investors trying to get a decent rate on their money and borrowers looking for alternatives to bank finance. But peer-to-peer lenders have increasingly been filling the gap for both groups over the past few years. Peer-to-peer lenders bring together potential lenders and borrowers via their websites, offering terms that often beat what banks can offer. For the investors lending the money, this can mean a return on their cash of anything between 3 and 10 per cent, and sometimes more.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now