Growth Street Account Information

Growth Street Account Information

Updated September 1st 2019

 

Detailed Account Information & Screenshots

 

First Investment Date          – June 2018

Initial Investment Amount  – £26,000.00

Total Added                          – £0.00

Total Withdrawn                   – £0.00

Invested Currently               – £26,000.00

Current Account Balance   – £27,725.78

 

Total Interest Return           – £1,525.78

ROI% (per lender)                – 5.30% 

XIRR                                     – 5.14% 

 

 

See My Full Growth Street Review Here

 

My Growth Street Actual Account Growth & Income Charts

 

Growth Street Account Growth ChartGrowth Street Monthly Income Chart

 

Each month I send out an update on all of my Peer to Peer lending accounts. Below are the excerpts specific to Growth Street. Click here for all lender updates

 

 

August 2019 Monthly Update

 

GROWTH STREET

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See Screenshots & Detailed Monthly Updates From My Growth Street Account

Growth Street Account Screenshot for Peer to Peer Lending Update - August 2019 1

Growth Street Account Screenshot for Peer to Peer Lending Update - August 2019 2

 

Lenders like Growth Street make a lot of sense for anyone listening to the news about possible recession and all the negativeness out there right now in my opinion. The ability to make a short term investment, but have the ability to get your capital back in 30 days at 5.3% annual return if you get nervous, or if the economy pulls back and looks like recession and you want to lower your exposure to P2P.

August was just like every other month with Growth Street. Nothing to do but log in and check the account once per month and see how much income I’ve made so I can enter it here on my site for the monthly P2P update.

XIRR rose a again this month to 5.14% (up from 4.94%) bringing the number ever closer to the 5.30% target rate they suggest. I have no doubt the account will hit this target rate in the next couple of months. 5.30% is really very good for only having your money tied up for 30 days at a time. 

For new investors, Growth Street have a very decent cashback offer: Invest £5000 or more for 1 year for £200 cashback. Click here for more info. You’ll notice that last month I got the anniversary cashback from Growth Street which proves that they pay the cashback 🙂

Growth Street definitely should be considered for any short term portion of a lending portfolio in my opinion.

 

 

 

July 2019 Monthly Update

 

GROWTH STREET

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Growth Steet Account Screenshot for Peer to Peer Lending July 2019 Update 1

 

Growth Street are just one of the easiest investments in my opinion. The ability to get your capital back in 30 days also makes them an agile account where you can store your money at 5.3% return, but sell out in 30 days or less if you need it. Or if the economy pulls back and looks like recession and you want to lower your exposure to P2P.

They paid me the cashback from my initial investment this month at £200. This is because it was my 12 month anniversary with this lending account. Important to note that this amount is NOT reflected in my return calculations as this is a one-off so can’t really be looked upon as reliable income. I just entered it into the figures as a capital deposit.

XIRR rose a tiny bit again this month to 4.94% (up from 4.92%) bringing the number closer to the 5.30% target rate they suggest. I have no doubt the account will hit this target rate in the next couple of months. 5.30% is really very good for only having your money tied up for 30 days at a time. 

For new investors, Growth Street have a decent cashback offer: Invest £5000 or more for 1 year for £200 cashback. Click here for more info. Obviously my figures prove this month that they pay the cashback 🙂

Growth Street definitely should be considered for your short term lending portfolio if you have one.

 

 

 

 

June 2019 Monthly Update

 

GROWTH STREET

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Growth Street Account Screenshot for June 2019 Peer to Peer Lending Update 1

 

Growth Street are just one of the easiest investments in my opinion. Just set it and forget it!

XIRR rose a little again this month to 4.92% (up from 4.88%) bringing the number closer to the 5.30% target rate they suggest. I have no doubt the account will hit this target rate in the next couple of months. 5.30% is really very good for only having your money tied up for 30 days at a time. 

If you look at the screenshot below you can see how everything is taken care of automatically in the background. Interest and capital is paid back after each 30 day period on each loan chunk. Then it is all reinvested automatically into other loans. 

 

Growth Street Account Screenshot for June 2019 Peer to Peer Lending Update 2

For new investors, Growth Street have a decent cashback offer: Invest £5000 or more for 1 year for £200 cashback. Click here for more info.

Definitely should be in your short term lending portfolio if you have one.

 

 

 

 

May 2019 Monthly Update

 

GROWTH STREET

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See Screenshots & Detailed Monthly Updates From My Growth Street Account

Growth Street Peer to Peer Lender Account Screenshot for May 2019 Update 1

 

 

 

Growth Street are just one of the easiest investments in my opinion. Just set it and forget it!

XIRR rose a little again this month to 4.88%, bringing the number closer to the 5.30% target rate. I have no doubt the account will hit this target rate in the next couple of months.

 

As you can see below, everything is done automatically in the background. Interest accrues and is paid back after each 30 day period on each loan chunk. Along with the capital which is automatically reinvested into another loan. 

Growth Street Returns Account Screenshot for May 2019 Update 2

 

For new investors, Growth Street have a good cashback offer: Invest £5000 or more for 1 year for £200 cashback. Click here for more info.

 

 

 

 

April 2019 Monthly Update

 

GROWTH STREET

See Full Review

See Screenshots & Detailed Monthly Updates From My Growth Street Account

Growth Street Account Screenshot for April 2019 Update 1

 

 

 

Growth Street are still delivering on 30 day loans. All I really do with Growth Street are look at the account once per month when I post this update on my website. It’s all automatic and I haven’t seen any cash drag at all for the last several months.

If you have some cash you need to keep relativity liquid, but want to get a decent return on, you could do a lot worse than Growth Street. Also don’t forget Assetz Capital’s 30 Day Access Account paying 5.1%. And also the new lender, Loanpad has a similar account paying 5% actual (about 5.3% compounded), read on for more information on Loanpad further down the post.

 

You can see below how Growth Street works automatically. Loan parts were broken up into £100 chunks when I first invested. Then each 30 days, the loan part and it’s income are reinvested in to new loans.

Growth Street Account Screenshot for April 2019 Update 2

 

For new investors, Growth Street have a good cashback offer: Invest £5000 or more for 1 year for £200 cashback. Click here for more info.

 

 

 

March 2019 Monthly Update

 

GROWTH STREET

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Growth Street is where I keep my “almost an emergency” capital in GBP. The “almost” part is because it takes 30 days to get my money out, but with a return rate of 5.3% it’s a very good option. Income is steady and loan parts are broken up each month as new 30 day loans are established. Don’t forget Assetz Capital’s 30 day access account paying 5.1% too. I also added a new lender, Loanpad which has a similar account, read on for more information on Loanpad further down the post.

 

Growth Street Account Screenshot for March 2019 Update

 

For new investors, Growth Street have a good cashback offer: Invest £5000 or more for 1 year for £200 cashback. Click here for more info.

 

 

February 2019 Monthly Update

 

GROWTH STREET

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For a decent rate with 30 day access to your capital, Growth Street is a great option at 5.3% return. Of course you can get 5.10% in Assetz Capital’s 30 day account as well so diversification is easy for people who need relatively liquid capital.

Growth Street Account Screenshot for Feb 2019 Update

 

For new investors, Growth Street have a good cashback offer: Invest £5000 or more for 1 year for £200 cashback. Click here for more info.

 

 

January 2019 Monthly Update

 

GROWTH STREET

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Growth Street is still my favorite (relativity) short term investment. At 5.3% return for 30 day loans I like knowing that at any time I can turn off auto-invest and have my capital back within 30 days. Other P2P Lenders have “Tracker” or “Easy Access” accounts which enable instant access to capital (under normal market conditions) but they don’t pay 5.3%. Assetz Capital’s Quick Access Account (QAA) is the closest but still only runs at 4.1%.

Growth Street were seeing a little bit of cash drag (funds waiting to be invested) but that has totally gone away now as their loan flow has increased a lot. So much in fact they are looking for new investors, and as such are offering a £200 cashback bonus for a £5000 investment at the moment, which is very good considering the rates they regularly pay. You can read more about it here. 

I also added a screenshot below of transactions that go on automatically in the background. You can read more about how Growth Street works in my Growth Street Review.

 

Growth Street Account Screenshot for Jan 19 Update 1

Growth Street Account Screenshot for Jan 19 Update 2

 

 

 

December 2018 Update

 

Growth Street

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Growth Street Account Screenshot for Dec 2018 update

Growth Street have had an influx of new loans lately so cash drag is almost zero. Funds seem to be matched the same day they are available.

I got the email below a few days ago. Growth Street are having a promotion to fill the new influx of loans. You can Click Here to take advantage of these rates if you didn’t yet.

Email:

Growth Street Account Screenshot for Dec 2018 update

 

November 2018 Update

 

Growth Street

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Growth Street Account Screenshot for Nov 2018 update

 

Growth Street just keeps plodding along. According to their calculations, I will have achieved 5.3% return by the end of the first 12 month period. XIRR is showing 4.27% which would seem about right considering the short data points we have, and no future compounding considered. Growth Street are running a great short term cashback bonus until December 14th for investing specific levels of capital (click here for more info). I considered sending more cash over there to take advantage of the cashback, but it would take me a while to get it there as it is tied up. I’m also trying not to put too much cash with a single lender so I think I’ll give it a miss this time unless something unexpected happens to where I have to move cash from another lender for some reason.

 

 

 

October 2018 Monthly Update

 

Growth Street

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Growth Street Oct Update Screenshot 1

Growth Street Oct Update Screenshot 2

 

Growth Street always seems to be very quiet when I log in to my account. The cash drag I was seeing a little bit seems now to be gone. Capital seems to be loaned out the same day, as soon as it is repaid, or if not the following day. It’s interesting when you dig down in to the transactions screen though, to see that there are many small transactions going off in the background automatically.

 

 

September 2018 Monthly Update

Growth Street**

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Growth Street Growth Chart September 2018

Growth Street Account Screenshot 1

Growth Street Account Screenshot 2

The Growth Street account summary screen shows the capital invested, returns and money waiting to be loaned out. It is possible to see the loans you’re invested in, but really it makes no difference. It all happens automatically and even if a loan goes bad Growth Street has a provision fund so under normal market conditions we should continue to get the rate shown (currently 5.3%).

 

<<<< Return to Growth Street Full Review

 

Prior to September, no screenshots were published, however you can still see the full updates below:

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