Peer to peer lending as part of an investment strategy reduces risk. I’m still lending through Zopa at an interest rate of 4.2% through Zopa Classic. There are three different types of account including an access account paying 3.5% which beats the accounts offered by the banks easily. You don’t get FSA protection with Zopa though. I’ve been investing through Zopa for 5 years now and have accumulated a nice return.