My Experiences With New Customer Sign-Up Bonuses
First written 8th September 2016, last updated 27th December 2016.
Traditional banks like HSBC, Cooperative Bank and First Direct have been running signup bonuses of up to £150 for years to attract new customers. Many of the latest Fintech startups and peer-to-peer lenders have followed suit with bonuses generally from about £25 to £100. For a lending platform trying to attract new investors in what is now such a crowded market it’s worthwhile. For investors, it provides a buffer for potential bad debt on individual loans and more than offsets the time lag in queuing for your funds to get invested. On some platforms like RateSetter who offer £100 on a £1000 investment it can increase your first year return to over 16%. Read more “New Customer Cashback Experiences”