Ditching my ISA

Mr-White · 28 Nov 2013 at 15:25

It looks like HSBC in January are finally slashing my ISA rate by 38.2%, so it's time to ditch the banks for savings.

In one of the other savings related threads someone mentioned a website where you can invest money and specify a returns percentage by the level of risk, I'd be interested to take another look at that if anyone has the link ?

MW

Mr-White · 28 Nov 2013 at 17:01

McGray said:
Zopa is the P2P lending site.

http://www.zopa.com/

Have you used the site before ?

MW

Mr-White · 28 Nov 2013 at 19:42

There's really no point discussing ISAs any more, they're pretty poor investments. We need to discuss alternatives !!!

MW

Mr-White · 28 Nov 2013 at 19:55

Source ?

You reckon interests rates will rise ?

MW

Mr-White · 28 Nov 2013 at 19:59

Thomas. PLease. said:
I'd be interested to hear exactly what account you have and the rate its going from to.

It's a standard eISA but I opened it in 2009 when the interest rates were higher, they're now cutting my rate from 2.75% down to 1.7%

MW

Mr-White · 29 Nov 2013 at 10:35

The_Abyss said:
Yep - I've invested with Zopa for over a year now. Very good website functionality and visibility over your loan book. The debtors that defaulted over that time were less than 0.1%..

If you don't mind me asking, how much have you invested, for how long and what return did you get ?

MW