A recent article on the Peer-to-Peer Finance News suggested that RateSetter’s generous £100 welcome bonus for new customers was coming to an end. A favourite of newbies to P2P lending, the new customer bonus gives an effective 10% return on a £1,000 deposit with a well-established platform even before interest returns.
The RateSetter website terms and conditions say:
Offer ends on 5th October 2016. The welcome bonus will be available for all eligible customers who have registered their account before midnight on 06.10.2016
Update: 25th October 2016
I noticed that the invite a friend link was still there in my RateSetter account a couple of weeks after the promotion had apparently finished. At first I thought they’d just been slow to update the website, so I got in touch with customer support to see what was going on. They said:
I can confirm that the welcome bonus did finish on the 6th of Oct.
However, the refer a friend promotion is a different promotion and so you would be eligible for this offer if you are referred by a current RateSetter lender, and upon having £1000 on loan with RateSetter for 1 year you will be credited with the £100 bonus.
If you don’t have any friends using RateSetter but still would like to join via a referral email for the £100 bonus, you can get in touch with me via this form, and I can forward you one from my account.
Update: 3rd July 2017
The best RateSetter new customer offer currently available is the £50 cashback via refer a friend (or the link on the P2P blog cashback page).