I retired at the end of August last year, and despite the considerable amount of messing about by HR, I got my lump sum and severance pay early enough to get a couple of fixed-term bonds which pay a half reasonable interest rate, before the banks all went gaga.
However, the bonds mature in the Autumn, and current rates are so pathetic that I might as well keep the money in a box under the bed.
Then I read about Zopa: a web-base facility that matches up lenders with borrowers - at very attractive interest rates like 9% (gross). Lenders are limited to £25,000 - something to do with registering as a money lender - but even so, 9% of £25,000 will but quite a lot of beer.
Has anyone had any dealings with Zopa? They do say that if it sounds too good to be true it probably is, but Zopa has had mentions on the BBC, the Indy and the Grauniad.
However, the bonds mature in the Autumn, and current rates are so pathetic that I might as well keep the money in a box under the bed.
Then I read about Zopa: a web-base facility that matches up lenders with borrowers - at very attractive interest rates like 9% (gross). Lenders are limited to £25,000 - something to do with registering as a money lender - but even so, 9% of £25,000 will but quite a lot of beer.
Has anyone had any dealings with Zopa? They do say that if it sounds too good to be true it probably is, but Zopa has had mentions on the BBC, the Indy and the Grauniad.
