What is it? How does it work? Are the accounts worth considering?Whilst Sharia compliant savings accounts are very much a fixture in the UK savings market, there is still some confusion about how they work and the difference between them and standard savings accounts.
Peer to Peer (P2P) lending has seen a huge growth in popularity as interest rates on savings accounts have remained in the doldrums, but as interest rates begin to rise, we are starting to see a reduction in the difference in rates between traditional savings products and their newer P2P counterparts (which should never be considered as cash savings).