Fixed deposit interest so low abt 1.75%, which place to park your extra cash?
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Legal p2p lender will be the best choice since it projected return can get 7% to 10%.
I have invested in funding societies, but sad to say that the default is high.
My amount defaulted is 1.9 k, see picture:
Since then, I have stopped all my investment in funding societies. I have cash out and loss about 8%.
Then I transfer out to Capbay (minimum is 10k), so far zero default in capbay. ( 1 years + of investment horizon, joined on 4 April 2020, funded on 27 May 2020)
BRAVO, keep it up. 11.4% not bad hor during MCO period and zero default.
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