Assetz Capital’s quick access account, launched in September, has already attracted some £22m. This, says the peer-to-peer alternative finance platform, is expected to reach £30m by the end of March, 2016.
CEO at Assetz Capital Stuart Law said: “Quick access to funds is a fundamental challenge in any investment product – whether it’s a bond, an ISA or a peer-to-peer product. Since launching our industry first Quick Access Account, we’ve been bombarded with interest and we’re responding accordingly by raising the cap. The Assetz Capital’s account offers a target rate of 3.75% gross per annum which should appeal to those looking for good risk-adjusted returns. It’s going from strength to strength and we’re expecting to exceed £30 million invested into that account alone by March.”