Why I'm Back to Earning 6% Interest with Bondora Go and Grow
Interest rates are dropping across Europe, and if you're like me, you're probably frustrated watching your cash earn practically nothing in traditional banks. That's exactly why I've returned to Bondora Go and Grow after taking a break for the past few years.
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Let me be completely honest with you about why I'm using this platform again, what makes it different, and whether it's actually worth your money.
What Made Me Come Back to Bondora
A few years ago, when the ECB was offering 4% rates and UK rates were even higher, I pulled most of my funds out of Bondora. The extra risk just wasn't worth the marginal return difference.
But now? We're sitting at 2.25% ECB rates, potentially heading lower. When I compare that to Bondora's current 6% return, suddenly that extra 3.75% looks pretty attractive again.
I first discovered Bondora years ago and even made a video about it back then. What drew me back wasn't just nostalgia, it was the simple math. More than doubling my interest return while maintaining daily liquidity? That got my attention.
How Bondora Go and Grow Actually Works
Bondora is an Estonian fintech platform that's been operating since 2009. Here's the straightforward explanation: they find people who need loans, you provide the money as an investor, and they pay you a portion of the interest they collect.
The beauty of their "Go and Grow" product is its simplicity. They used to offer multiple investment options, but now there's just one. You deposit money, it automatically gets invested across their loan portfolio, and you earn 6% annually paid out daily.
| Feature | Bondora Go & Grow | Traditional Banks | Neo-Brokers |
|---|---|---|---|
| Interest Rate | 6.0% annually | 0.1% - 2.0% | 2.4% - 2.51% |
| Minimum Investment | ā¬1 | ā¬0 - ā¬1,000 | ā¬0 - ā¬1 |
| Withdrawal Time | Same day (2-4 hours) | Instant | 1-3 business days |
| Withdrawal Fee | ā¬1 per withdrawal | Usually free | Usually free |
| Deposit Protection | Not guaranteed | Up to ā¬100,000 | Money market fund protection |
| Interest Payment | Daily compounding | Monthly or quarterly | Monthly |
| Maximum Deposit | No limit | Various limits | Usually no limit |
| Available Countries | Europe, UK, Switzerland | Country specific | EU residents |
| Setup Complexity | Very simple | Simple | Moderate |
| Monthly Fees | ā¬0 | ā¬0 - ā¬15 | ā¬0 |
My Personal Experience Using the Platform
I recently deposited ā¬1,000 to test the waters again, and I have to say, the user experience is incredibly smooth. The money transferred from my Revolut account arrived in literally one minute. No joke.
Once your money hits the account, it starts earning immediately. I'm currently making about ā¬ 1,61 per day, which might not cover my overpriced Starbucks habit, but it's definitely better than the practically nothing I was earning elsewhere.
The withdrawal process is equally impressive. When I tested it a few days ago, I had my money back in my Revolut account within two hours. They charge just ā¬1 for withdrawals, and you can pull out any amount at any time.
What Makes Bondora Different from Banks and Neo-Brokers
Right now, the highest interest rates on euros from traditional platforms look like this:
Trading 212: 2.4%
Most traditional banks: Under 2%
Bondora's 6% is more than double these rates. Yes, there's additional risk since they're not a bank and your funds aren't guaranteed like traditional deposits. But they've been profitable and returning investor money for over 17 years.
The Numbers Behind Bondora's Success
What gives me confidence in this platform is their transparency. Every month, they publish detailed statistics that most companies would keep private:
Total invested: ā¬1.57 billion
Interest paid to investors: ā¬144 million
Active investors: Over 470,000
Credit customers: 1.3 million+
Their loan portfolio spans Estonia, Finland, Netherlands, Spain, Latvia, and they're expanding to Denmark and Lithuania. The geographic diversification helps spread risk across different economies.
Understanding the Risk vs Reward
Let me be clear about something: Bondora isn't a bank. Your money isn't protected by deposit insurance. This is peer-to-peer lending, which means there's inherent risk.
However, their track record speaks volumes. They've been profitable consistently, and their latest financial statements show they earned an average of 15% on their loan portfolio in 2024. That's a healthy margin above the 6% they pay investors, giving them cushion for defaults and operational costs.
My personal risk assessment puts them somewhere between neo-brokers (like Trading 212's money market funds) and crypto exchanges. Higher risk than traditional banks, but lower risk than many alternatives offering similar returns.
The Platform Experience: Simple by Design
What I love most about Bondora is how they've stripped away complexity. The interface is clean, straightforward, and honestly, even my mom uses it successfully (no offense, Mom).
You get:
Real-time balance updates
Daily interest payments you can track
Instant deposit processing
Same-day withdrawals
Weekly or monthly email summaries
Mobile app with full functionality
There are no hidden fees beyond the ā¬1 withdrawal charge. No minimum balance requirements. No lock-up periods.
Who Should Consider Bondora Go and Grow
This platform makes sense if you:
Live in Europe, UK, or Switzerland
Have cash earning less than 6% elsewhere
Want liquidity (daily withdrawal access)
Can handle some risk for higher returns
Prefer simple, set-and-forget investing
It's not suitable if you:
Need guaranteed deposits
Can't afford any risk of loss
Want complex investment options
Require institutional-grade protections
My Current Strategy and Future Plans
Right now, I'm keeping a modest amount in Bondora since most of my funds are in USD and I'm earning 6% on those in the UAE. But if I had significant euros sitting around earning 2-3% elsewhere, I'd definitely allocate more to this platform.
I'm treating it as part of my cash allocation strategy, not as a replacement for diversified investing. It's for money I might need access to within months or a year, but don't need tomorrow.
Frequently Asked Questions
Is Bondora Go and Grow safe for beginners? The platform itself is very beginner-friendly with a simple interface. However, as with any P2P lending, there's risk involved. Start small and see how you feel about it before investing larger amounts.
Can I really withdraw my money anytime? Yes, withdrawals are processed the same day, usually within hours. I've tested this personally and had money back in my account within 2 hours.
What happens if Bondora goes out of business? This is the main risk with P2P platforms. Unlike banks, there's no deposit protection. However, Bondora has been profitable for years and continues growing their loan portfolio.
How is the 6% interest calculated and paid? The 6% is annual interest paid out daily. So if you invest ā¬1,000, you'd earn roughly ā¬60 per year, or about 16 cents per day.
Are there any hidden fees I should know about? No hidden fees. The only cost is ā¬1 for withdrawals. Deposits, account maintenance, and interest payments are all free.
What countries does Bondora lend money in? Currently Estonia, Finland, Netherlands, Spain, Latvia, with expansion into Denmark and Lithuania. This geographic spread helps diversify risk.
How does Bondora compare to crypto lending platforms? Crypto platforms like Nexo might offer higher rates (up to 10%+) but come with additional risks including platform risk, stablecoin risk, and regulatory uncertainty. Bondora offers a middle ground with established European operations.
The Bottom Line
Bondora Go and Grow isn't perfect, but it's a solid option for earning meaningful interest on cash reserves in the current low-rate environment. The combination of 6% returns, daily liquidity, and a 15-year track record makes it worth considering for part of your cash allocation.
I'm comfortable using it because of their transparency, consistent profitability, and the simple fact that 6% beats everything else available for liquid euro deposits right now.
Just remember to start small, understand the risks, and never invest money you can't afford to lose. This is P2P lending, not a savings account.
If you're ready to earn 6% on your cash reserves instead of the measly returns from traditional banks, you can get started with my link below and receive a ā¬5 bonus to kick things off.
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Disclaimer. Capital at risk. The yield of investment of Go & Grow is up to around 6% p.a. Before deciding to invest, please review our risk statement and consult with a financial advisor if necessary. It may not be possible to liquidate assets or withdraw money immediately from Go & Grow. In this scenario, we will make partial payouts of your total withdrawal amount. Read more about partial payouts here. Bondora Capital OĆ is not a credit provider and does not issue loans.
Bondora Go & Grow Review: Earn 6% Interest On Your Cash
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