Got handed a pamphlet when walking to work - seems like you can invest $100 and get $50 if you're a new user. I couldn't do the deal as I've already signed up, but might be a good deal for people looking to invest in Ratesetter.
Deal link goes to https://www.ratesetter.com.au/invest100
$50 for referrer and $50 for referee after investing $1,000 in the 5-year income market.
Looks like referral program needs a $1,000 starting investment for the bonus, whereas this one is $100.
Is it even worth it to invest $100? Haven't looked at it at all, but fees etc may eat up any gains..
Been using Ratesetter for a while now, you definitely get better rates than any savings account. Fees eat up around 0.1% interest. Still well worth it if you are lending at well above 3%.
True that, good call.
Fees are manageable IMO. Gives you great rates.
Do you think this will stack with the existing referral program? Could the second party potentially get $50 from referral and $50 from this deal?
Wouldn't say so.
you have to meet a $1k criteria tho
Any image of the back for the T&C's? I couldn't see anything that mentions the sign up bonus on the link.
Awesome, thank you.
mozo.com.au/personal-loans/guides/peer-to-peer-lending-in-australia-explained/127
What's the minimum period of time we can lend for?
This would be attractive if the time frame is short if we just want the $50.
According to the T&Cs:
2.1.3 The New Member transfers $100 or more into their holding account and places orders in any of
the RateSetter lending markets such that at least $100 is ‘on loan’ to borrowers.
The shortest lending market is 1 month. You could pull your money out after that month, but since the bonus is "paid within 30 days" I'd probably play it safe and roll the loan for a second month as well.
Thanks for that. Might be worth it if the lending duration is that short.
The "Invest Now" button is now broken…"Application Error".
I guess they only have so many $50 bills to hand out…
i get error https://members.ratesetter.com.au/app/Application/Error We are currently experiencing technical difficulties, please try again later.
Will you only get the $50 once matched with a borrower?
Just withdrew my $50 bonus. Thanks OP
I don't see any mention of the $50 bonus when I click through the link. It seems to be a generic page. Is the promo over?
I've created an account and put $100 in, do l have to lend the money to get the credit bonus or l just leave it there?
Anyone gotten their $50? My money has been lent out for 1 month and has just been renewed but no $50
Yes, a while ago
Did you have to email them? As I read in the t&cs that payout is within 30 days of meeting the criteria, which I guess is now since it has been a month.
I think I got an email about receiving the bonus funds maybe a week it two after, the $50 is on my holding account, haven't withdrawn yet. And no I didn't email them.
Better off using the referral program, both you and referrer get a free pineapple.