The peer-to-peer business lender is giving customers a further unique investment option with an introductory target interest rate of 5.75%
Assetz Capital has launched a new 90-Day Access Account, offering an introductory target gross interest rate of 5.75% p.a. and giving investors access to their cash with just 90 days’ notice in normal market conditions, though access times cannot be guaranteed.
To celebrate the launch, and for a limited time only, both new and existing investors can also benefit from a 1% cashback payment on all funds newly deposited on the platform that are then invested into the 90-Day Access Account. The cashback is payable in just 90 days, and both ISA and non-ISA wrapped accounts qualify for the promotion. T&Cs apply.
The 90-Day Access Account joins the other Access Accounts – the Quick Access Account and 30-Day Access Account, and all three can be wrapped in the Assetz Capital IFISA.
The Access Accounts have been incredibly popular for the pioneering peer-to-peer business lender, with more than half of investors using them and approaching £170 million currently invested. Assetz Capital has processed over £1 billion of withdrawals to-date from the Access Accounts, all of which have been made on-time.
Whilst the underlying loans within the Access Accounts are typically between one month and five years in duration, the high investment flow into the accounts has enabled users to withdraw funds on time, every time – although supply and demand can vary and exit times are not guaranteed.
Stuart Law, CEO at Assetz Capital said: “Providing simple and straightforward access to cash, the 90-Day Access Account gives our investors another opportunity to create an investment plan that suits their goals. It’s the next step in our long-term strategy to give our lenders the widest and fairest choice of peer-to-peer lending opportunities.
“The 90-Day Access Account will fill another gap in the market, and we will continue to develop our offering to match the needs of our loyal retail customers.”
The new 1% cashback offer on Assetz Capital’s 90-Day Access Account immediately replaces its current existing customer promotion. Investors that took advantage of this prior promotion will still receive their cashback payment as advertised.