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RateSetter Black Friday deal: $25 bonus credit for investors


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Receive a cash reward when you invest $100 or more into P2P lender RateSetter.

The festive season is usually about spending tons of money, not making it, so a deal like this isn't your run of the mill Black Friday bargain.

In honour of two of the biggest shopping days of the year – Black Friday and Cyber Monday – peer-to-peer (P2P) lender RateSetter is offering a $25 credit reward when you invest $100 or more into one of its funds before 31 December.

The offer only applies to new customers and it's exclusive to Finder, so you must apply via our deal link to be eligible.

Here are the details:

  • Reward: $25 credit into your fund
  • Minimum: Invest $100 or more
  • Deal ends: Must invest by 31 December 2019
  • Funds: Invest in any of RateSetter's funds
  • Who? New customers only

If you're not clued in, P2P platforms work by connecting borrowers with investors without getting the banks involved. Borrowers sign up to get loans, and investors become the lenders to get higher rates than they normally would from the banks.

With interest rates at record lows, P2Ps like RateSetter have jumped in popularity in the last couple of years by offering returns well above what savings accounts, term deposits and even traditional investment funds are offering.

In the six months to September this year, RateSetter reported a 74% jump in investor registrations compared to the same period the year before, and there are now around 20,000 everyday (non-corporate) investors signed up to the site.

What does RateSetter offer?

RateSetter is a fixed income P2P provider with funds that range in term length from one month to seven years and rates of up to 7.7% (as of 26 Nov 2019). As a fixed interest product, it provides flat monthly payments.

Although there are a number of P2P players in Australia, RateSetter is one of the few (along with Wisr) that offers investment options for retail (everyday) customers, with investments from as little as $10.

But before you jump in, it is important to remember that P2P funds are investment products and not afforded the same security that bank products, such as savings accounts are. As with all investment funds, returns can't be guaranteed.

To find out more about peer-to-peer lending, you can read our comprehensive guide to P2P investing or check out our RateSetter review for investors.

Important: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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