Growth Street
[Please enter your name or initials]DC
"Leading savings accounts"
Leading savings accounts, with excellent support.
cinna_man
"Good website, easy to do business with"
Good website, easy to do business with.
Only minor issue is delay (sometimes) to matching funds so reducing effective interest rate but as I write this is 2 days giving effective 5.2%. Highest I've seen is 4 days, the current time to match can be found via Help / FAQ page.
I can live with this, better that Growth Street don't take on iffy loans just to soak up available funds.
CJH
"New investor view..."
I have invested via Growth Street for a little over two months. The model is a very straightforward proposition, risk is mitigated and my interaction with the company has been well received. The website is very simple and unfussy. So far, so good.
Kevin H
"High interest rate but small-scale and not very transparent."
Attractive interest rate for investors. Website easy to use and to understand. Funds seem to be reinvested each 30 days with 2 or 3 days delay. My only concerns at this stage (investor for three months) are the relatively small scale of the platform, and therefore liquidity risk (sometimes only just over 90% of total investor funds are invested); and the lack of any information on who and what exactly my money is invested with (unlike, say, Allianz Capital, who are fully transparent about who the investors are, what the loans are for, etc).
Jan Thorskov
"Easy Money"
Very easy to setup and manage. I have only been investing on Growth Street for 2 months, though have been using other P2P platforms for 5 years. Growth Street is by far the easiest to use, as it provides no investment choices, yet gives a fair return and with the protection of a provision fund. Excellent as part of a balanced P2P portfolio.
Mr P J Hawkins
"Small but Impressive"
I have used, and continue to use, other p2p lenders for longer term lending but was attracted to Growth Street because of its excellent rates in the rolling market. These consistently beat the opposition by a margin of approximately 40%. Although a small player Growth Street offers the same safeguards to investors as the biggest rivals - Ratesetter for example. They set up is transparent and the quality of advice and support is excellent. My only reservation is the relatively small portfolio which means that vulnerability to defaults is greater than for larger competitors. However because borrower vetting processes are sound and there is adequate provision for covering minor defaults the risk is probably no greater than with other p2p lenders. As the business grows it could well prove to be the best in the rolling market.
Benjamin J
"Great experience"
Great experience - easy to use dashboard, and very transparent!
Happy Idiot
"All seems good"
All seems good, interest comes in. I have not tried to take money out yet, but it is available every 30 days so shouldnt be a problem
Michael
"Out of the 3 p2p platforms that I…"
Out of the 3 p2p platforms that I invest in Growth street is my prefered option. I find the reinvestment times quick and efficent and so far the interest rates are consistently competitive.
Andy Wright
"I've only been investing with Growth…"
I've only been investing with Growth Street for a few months, but so far all has been good. It was easy enough to set up the account and to pay money into it. Loans have been repaid within a month and the money has been re-loaned pretty much immediately at the current market rate of interest (5.3%). So far I'm very happy.
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