After 1 year investors capital and interest will be repaid. If the loans are fully repaid early the money will be reinvested according to investor settings.
Check out the RateSetter factsheet for more information.
Investors can access money early using the "Sell Out" feature. It allows the investor to withdraw funds as quickly as possible provided there are funds available in the market to replace the amount being withdrawn. On average, replacements are matched within 10 minutes, and the average Sell Out fee is 0.72%. RateSetter is an investment not a deposit account.
*NB: Projected Annualised Return
*This figure has been provided by the partner platform and not by OFF3R. It has been calculated as a projected annualised gross return. This means that the return figure reported over 12 months does not take in to account any platform fees or charges nor any tax that may need to be paid by the investor. We present an annualised figure regardless of term for comparison purposes only.