The Income Account is ideal if you’re looking for a quick and simple way to invest in peer-to-peer lending while taking an income from the interest earned on your investments. It offers a target rate of 5.6%* a year and your investment is automatically diversified across a portfolio of credit-assessed small business loans.
At a glance:
Minimum investment £1,000
Target rate of return: 5.6%* a year
No fixed term — full or partial withdrawals at any time
No investment decisions to make
*As an investor, it's important to remember you're lending to businesses so your capital is at risk. The 5.6% target rate is variable, net of ongoing repayment fees, estimated bad debt and before the 1% capital withdrawal fee. LendingCrowd and its products are not covered by the Financial Services Compensation Scheme.