Why Quick Access?
With our Quick Access Account you can usually get your money out within seconds in normal market conditions, though access times cannot be guaranteed.
So far, people have withdrawn a total of just over £1bn, in an average time of just under one second - but that doesn't mean we can guarantee that we'll always be able to do the same.
It’s important to remember that investment in peer-to-peer loans isn’t covered by the Financial Services Compensation Scheme and it’s not a bank account. Remember, your capital is at risk. Past performance does not guarantee future performance and your return may vary over time.
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Quick Access Account
Our accounts offer different interest rates and may differ slightly in terms of other features. If you’ve not invested with us before or it’s your first time using this account, we recommend you read our Key Account Information before continuing.
What's the target interest rate?
At the moment, it’s 4.10% a year (before tax and possible losses). It’s variable, which means it can change at any time (but the target rate will never be less than 3.75%). However, the target interest rate is capped, which means you can’t earn more but you could earn less. You can view key information in relation to loan performance by clicking here.
When can you take out your money?
In normal market conditions you can withdraw your money whenever you like – although access times can’t be guaranteed. To achieve this, we always aim to keep a level of cash within the account to fulfil any immediate withdrawal demand.
Ordinarily it takes less than a second to withdraw from the Quick Access Account and usually around two working days to completely withdraw from our platform.
Does it have a discretionary Provision Fund?
Yes. There’s a separate discretionary Provision Fund to help cover any missed interest payment or capital losses, if any loans aren’t repaid. Find out more about its coverage here.
Who chooses which loans to invest in?
Our systems do based on your choice of investment account. Your money will be invested automatically across as many matching loans as possible to spread the risk, as long as there’s availability. This means you’ll get the maximum amount of diversification possible based on loan availability.
Are the loans secured?
Yes. All of our loans are secured against assets, with the vast majority secured against property or land. We may also take personal guarantees as extra security on top. You can see more details about the asset security taken here. Please note that asset security cannot guarantee that there will be no loss. Even with security, please remember that your capital is at risk.
Can this account be included in an Assetz Capital IFISA?
Yes, you can use your tax-free ISA allowance to invest. Or if you have previous years' ISAs, you can transfer them in part or in full. Read more about our IFISA here.
The Provision Funds we offer do not give you a right to a payment so you may not receive a pay-out even if you suffer loss. The funds have absolute discretion as to the amount that may be paid, including making no payment at all. Therefore, investors should not rely on possible pay-outs from the Provision Funds when considering whether or how much to invest.
Please see also our Provision Fund policy