IFISA comparison: find the best IFISAs in 2023
Weeks of research, calculations and interviews by 4thWay’s specialists go into each and every provider shown in our IFISA comparison tables, making it easier for investors to identify the best IFISAs in the UK market.
Showing 20 peer-to-peer IFISAs for you to compare. Sorted by worst PLUS Rating first, then by Risk Score and finally by interest rate.
Showing the current interest you’re expected to receive after deducting:
- The P2P lending company’s fees.
- The bad debt that the P2P lending company expects you to incur.
The rate makes no deductions for taxes or for money that is not currently being lent.
Why are some rates shown different to the P2P lending company’s own website?
We convert interest rates to the same calculation so that the comparison is fair. Read more here.
A score of the estimated risk of losses from bad debts in a severe recession/property crash before adding interest earned
A lower score is better. Click on a Risk Score in 4thWay’s comparison table to get more information about how that particular score was awarded or learn more about the 4thWay® Risk Scores.
4thWay® Risk Scores assume you spread your money across lots of loans, using multiple peer-to-peer lending platforms to do so if necessary. They are impartial and conservative, and they are indicators, not guarantees or promises. For use with supplementary research.
Showing a brief description of the P2P lending company.
"Is that the best IFISA?" Comparing IFISAs the candid way
IFISAs are tax-free lending accounts available to UK residents. This IFISA comparison table shows peer-to-peer lending IFISAs. IFISA providers that offer direct lending between you and the end borrowers, which is what we’re calling “peer-to-peer”, further reduce your chances of losses if the IFISA provider itself closes and winds down.
Our IFISA comparison table contains the best IFISAs available. Not only that, it contains all IFISA providers that have run the gauntlet of our intensive investigative process, where we collect over 100 data points, interview key people and conduct independent research. We provide our candid opinions on any IFISA provider that is transparent enough for us to make a solid assessment of the risk and rewards.
Each IFISA has one of our unique ratings, when the IFISA provider has enough history. The 4thWay PLUS Ratings are based on the Basel stress tests, telling us how they might perform in a severe recession and property crash. Only the best IFISAs can earn the top, 3/3 rating, but do look for the hidden gems lower in the table that might not yet have quite enough history to have earned that rating.
Impartial. Accurate. Expert. Checked by users like you.
Commission and impartial research: our service is free to you, including our IFISA reviews, IFISA comparison tables, ratings, guides and research articles. Some IFISA providers above compensate us when you open accounts or for conducting our bank-like ratings tests. Read How We Earn Money Fairly with Your Help.
Accuracy: a panel of 4thWay’s users, chosen by yourselves, checks we’re being 100% candid.
Click on 2-5 checkboxes and click “Compare selected” to compare over 100 data points.
All P2P lending providers are eligible be listed in the IFISA comparison table if 4thWay is provided enough information to assess them properly.
For a list of the providers that aren’t in the IFISA comparison table, and the reasons why they’re missing, read this FAQ: Why don’t you list LendInvest, easyMoney and some others?