The Interest rate — Bank Deposits vs. Investing in P2P Lending Platforms
It’s fair to start our overview with the most important comparison factor — the Interest rate.
There’s no shame in admitting that bank credit options are actually pretty hard to figure out. Indicators such as Gross non-performing assets (NPA) and the Provision coverage ratio are made of complicated formulas with many variables. Even more difficult for predictions are bank collapses such as in the liquidity crisis of Northern Rock in 2007 and the collapse of IndyMac in 2008. But what does that mean for my deposits?