Growth Street Reviews

Happy investor for more than 4 months. Interest rate as advertised paid on monthly basis, appropriately sized Loan Loss Provision funds and simple interface. Haven't tried the ISA bond yet as it requires 12m commitment.

I opened a business account with Growth Street some time ago and have found it easier to understand and manage than other peer-to-peer lenders. Indeed, I opened a personal account this year. The process was even easier, and I started earning interest within days.

Growth Street is very easy to use - in essence - just invest and forget. With each investment only being for 30 days, you never have to wait long if you need to withdraw it. I have actually "drip-fed" my investments so that they are spread out all through the month. Initially to ensure diversification in loans, but i was assured that was unnecessary due to the provision fund. However, it does mean that should I need to make a withdrawal, I only have to wait a few days. By having the automatic re-investment option set, repayments are reinvested, often immediately, but certainly within a day or so, so it can safely be left to its own devices while I get on with my life :-)

An overall excellent company - 30 day loans, fixed interest, easy access, etc. The ISA is interesting, will go for it if it's offered in 30 day chunks as the classic is, or if another bonus is offered! Obviously as with all P2P, the model is untested in recession/bad times, but I have more faith in this than most. The bonuses are also very generous - I am getting 200 on 2000 investment, so 15+% return after the interest. Customer service is excellent - prompt replies, helpful knowledgeable staff (Jonny and Joanna both excellent, thank you). Interface is ok - easy to understand but lacking functionality. For example the account details link seems to be broken and there are little things, like missized columns in 'summary' leading to odd text, and I can't check my address or linked account easily. Overall the website could do with some attention to detail, but not a major issue. Overall a great company.

Transferred from a cash I.S.A to the I.F.I.S.A which was simple and straight forward to do. Only been going for three months, however, so far so good. No complaints.

Very pleased with product and service...