Investors could get a better return on their money through investing in a wind turbine project on crowdfunding platform Trillion Fund than placing their money in a fixed rate savings account.
The E2 Energy investment opportunity is currently offering investors a chance to make a fixed 7.5% return a year over three years if invested before July 31. After this date the return falls to 7.25%, although this is still significantly higher than what can be expected for a savings account.
According to Money Saving Expert, the best rate for a three-year fixed rate account is 2.75% at Shawbrook Bank, considerably less than the amount investors could receive by putting their money into the wind turbine crowdfunding campaign.
Investing in E2 Energy also offers greater flexibility. Whilst the Shawbrook account has a minimum deposit of £5,000 and a maximum of £2 million, investors can back the Trillion Fund campaign with as little as £50 and there are no restrictions on the maximum amount that can be invested.
E2 Energy is a joint venture between Endurance Wind Power, a global wind manufacturer, and Earthmill, a leading UK installer of wind turbines. The campaign has a target of raising £1.25 million in order to install five single installation wind turbines at sites that already have planning permission.
Significantly, investors’ money will be secured against five fully functioning wind turbines located in Yorkshire and South Teeside. These turbines are already generating revenue and are covered by insurance for 20 years, giving investors certainty.
With 62 days left until the opportunity closes, over £810,000 has already been pledged and if the pace of investment continues the campaign will close in just two weeks.
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