Loans are continually repaid and reinvested at the prevailing Rolling market rate. Interest accrues for every day that funds are on loan.
Check out the RateSetter factsheet for more information.
Investors can access money freely as long as there are funds in the market to replace the amount being withdrawn. This could come from money already rolling in the market, new investors or funds set aside by RateSetter. If replacement funds aren’t available, money will be returned as the borrower(s) repays over their loan term. To date no customer has ever had to wait for their money although it's not a guarantee. 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.