Do lenders earn interest on deposits?
Lenders do not currently earn interest on deposits to their Prosper account. Because of rules associated with pooled accounts (such as the ones that we use to hold your money), we are not allowed to earn interest on those accounts. However, Prosper is actively looking into ways that we can allow for interest to be earned on amounts deposited. Prosper enables lenders to transfer money to Prosper as needed to bid on loans. How much cash you keep in your Prosper account will depend on how frequently, and in what amounts, you want to bid. Additionally, using portfolio plans and API bidding tools can significantly improve the pace at which you acquire loans and will allow you to move more money faster. Because portfolio plans are automated, they can minimize the amount of time your money sits idle. Learn more about portfolio plans.
Lenders do not currently earn interest on deposits to their Prosper account. Because of rules associated with pooled accounts (such as the ones that we use to hold your money), we are not allowed to earn interest on those accounts. However, Prosper is actively looking into ways that will allow interest to be earned on amounts deposited. Prosper enables lenders to transfer money to Prosper as needed to bid on loans. How much cash you keep in your Prosper account will depend on how frequently, and in what amounts, you want to bid. Additionally, using portfolio plans and API bidding tools can significantly improve the pace at which you acquire loans and will allow you to move more money faster. Because portfolio plans are automated, they can minimize the amount of time your money sits idle. Learn more about portfolio plans.
