Comments on: Zopa Now Live In The U.S. – All Loans are Insured CDs

By: Personal Loan Portfolio

Personal Loan Portfolio — Wed, 30 Nov -0001 00:00:00 +0000

I was not very impressed with the returns that Zopa is offering lenders, but it is risk free. I personally don’t see much point in taking the time to open up an account with Zopa to make 1/3 of a percent more than my current credit union is offering.

However, from a borrower’s point of view, the deal can be fantastic. Some borrowers are receiving enough help from lenders that the borrower is actually “paying” negative interest. I can’t think of anywhere else a person can be paid to take out a loan.

By: Anonymous

Anonymous — Wed, 30 Nov -0001 00:00:00 +0000

This is barely P2P. It’s really just an online Credit Union.

By: CD Interest Rates

CD Interest Rates — Wed, 30 Nov -0001 00:00:00 +0000

Depending on how long the yield lasts, a 5.10% APY is currently a pretty good rate.

It is guaranteed so you don’t have to worry about whether or not you will get your investment returned.

You get a warm fuzzy because you are helping others.

But other sites (Prosper) allow you take some risk for a higher return. So with all investments, it is probably prudent to spread it around. Zopa probably won’t put a big dent in Prosper’s business, but provides a nice alternative for people to diversify.

ChrisCD
Jumbo CD Investments, Inc.