Bondora today launched its “Go & Grow” program for all users
Bondora today launched its “Go & Grow” program for all users on the platform and for new users, offering a return of over 6% per year and the ability to liquidate the investment instantly, thus providing a new tool that has never been met at any peer-to-peer platform, to have almost instant access to the investments made and a much higher return than the bank deposits (similar to the liquidity of this investment facility).
Go & Grow is an incredibly simple and automated service that allows you to earn 6.75%* p.a. on your investment and take your cash out at any time. This is for the people who want low risk and ‘no-hassle’ investing with a predictable net return.
The main benefits of Go & Grow is that you can withdraw your funds at any time. You can set up a new account and call it a unique name, whether you’re using Go & Grow for your new dream home, your emergency fund or enev for that trip to Asia you’ve always wanted to do.
You can share acces to your Go & Grow account with someone you trust. Once you have created your own account, simply select “Invite to Go & Grow” then add their name and email address. You also have the option to give this person the authority to withdraw from the account, but this is not mandatory.
What are the benefits?
- 6.75%* yield
- Instant liquidity
- Low risk – A diversified portfolio of investments supported by advanced and reliable technology
- You only pay tax when you make a withdrawal over your capital amount invested
- Transfer your existing Bondora investment portfolio to Go & Grow
- You can set up an auto-transfer from your existing portfolio to Go & Grow
- A flat €1 withdrawal fee, no matter the size of the account
- Great for beginners
- No annual management fees
- Share access to your Go & Grow account with the people you trust
How to transfer the existing Bondora investment portfolio to Go & Grow?
All you need to do is create a new Go & Grow account, then click on the small settings icon an click on “Add existing investments”. Then you will receive an offer from Bondora to liquiidate your existing portfolio based on the current portfolio value, however, it may be at lower amount. If you accespt, Bodora will transfer your portfolio to Go & Grow.
Is the rate of 6.75% guaranteed?
The rate is not guaranteed, however, the average net return on the Bondora platform is much higher than this. With this and our 10-year track record in mind, we’re confident the rate of 6.75%* is achievable with the benefit of instant liquidity to investors.
The net return is capped at 6.75%* – all excess returns over this percentage are reinvested to ensure you can earn the rate of 6.75%* going forward, despite there being no guarantee in place.
How investors will be taxed for this?
You only pay tax on the money you withdraw which is over the total amount you have paid in. For example, if you invest €1,000 then anything you withdraw up to €1,000 is considered as a principal withdrawal, anything above €1,000 is considered as interest.
All payments made to your Go & Grow account are regarded as one investment, although the funds have been used to acquire individual claims. This is irrespective of when and in how many parts you paid cash into your Go & Grow account.
Bondora “Go & Grow”, announced a long time ago, was reserved for a number of existing investors. There’s been a huge amount of excitement around this product within the P2P community. As it stands, approximately 1,000 investors have deposited an average of € 1,000 each in their Go & Grow account.
The best part? You do not need any prior experience in investing or P2P to use Go & Grow, so whether you’re a retiree living in the Estonian countryside or an 18-year-old student in Berlin who’s new to the world of investing, Go & Grow is for you.
What’s more, you can invite someone you trust to join your Go & Grow account with you so you can invest for a shared goal, like a trip around the world, a wedding or even your child’s future.