Post by keith on Dec 13, 2017 7:28:51 GMT
I know this sounds stupid.......
On the basis that P2P lenders ring fence their uninvested clients’ money in a client account that is not affected by the ups and downs of the underlying P2P business and that bank interest is about zero, then aren’t P2P lenders a safer place to park cash (in excess of the banks’ guarantee limit) than a bank as there is no claim on the PtP parked funds and the banks have liabilities which might grow in the future?
Of course, it might just be easier to open multiple bank accounts up to the safeguard limit but an interesting thought nonetheless. A bit like stuffing cash under a mattress.
On the basis that P2P lenders ring fence their uninvested clients’ money in a client account that is not affected by the ups and downs of the underlying P2P business and that bank interest is about zero, then aren’t P2P lenders a safer place to park cash (in excess of the banks’ guarantee limit) than a bank as there is no claim on the PtP parked funds and the banks have liabilities which might grow in the future?
Of course, it might just be easier to open multiple bank accounts up to the safeguard limit but an interesting thought nonetheless. A bit like stuffing cash under a mattress.
