Bondora Go & Grow Review 2026: The Best Deposit Alternative?

Bank interest in the euro area has been low for years, and even after the ECB's two rate rises in 2026 most savings accounts pay between 1.5% and 3%. Bondora Go & Grow promises something different: a 6% target return a year, interest added every day, and money you can withdraw whenever you like for a flat €1 fee.

That sounds like a better savings account. It isn't one. Go & Grow invests your money in unsecured consumer loans, and there is no deposit guarantee. In this review we look at how it really works, how it compares with a bank deposit, and when it makes sense to use it.

Our verdict
Go & Grow is one of the simplest ways to earn more than a savings account, and it has paid its target return reliably since 2018. But it is a lending investment, not a deposit: there is no €100,000 guarantee, withdrawals were limited once before (in 2020), and the loans behind it are unsecured. Use it for money you won't need in an emergency, next to a normal savings account, not instead of one.

Go & Grow at a glance

What is Bondora Go & Grow?

Bondora is an Estonian consumer lender founded in 2008. Its investment product, Go & Grow, launched in 2018 and quickly became one of the most popular P2P products in Europe. More than 517,000 investors have used it.

In April 2026 the product was moved into its own company, Go&Grow OÜ, and got a new brand and website (goandgrow.eu). For investors nothing changed: the same app, the same login, the same balances and the same fees. The loans are still issued by Bondora AS, which holds a credit provider licence from the Estonian Financial Supervision Authority.

How does Go & Grow work?

1. You deposit money by bank transfer (from €1).
2. Your money is spread across a large pool of Bondora consumer loans.
3. Interest is added to your balance every day, aiming for 6% a year.
4. You can withdraw at any time. Each withdrawal costs €1.

You don't choose loans, read ratings or manage anything. Bondora runs the portfolio. If the loans earn more than 6%, the extra stays in a reserve that helps smooth returns in weaker periods.

The newer Goals feature lets you split your balance into separate savings pots, for example a holiday fund and a house deposit.

Returns: what can you expect?

From 2018 to April 2025 the target was 6.75%. Since then it has been 6%. Investors who track their results on independent sites report median returns of about 6.8% a year from 2018 to 2024 and about 6% over the last 12 months, so the target has been delivered so far.

Keep in mind that 6% is a target, not a promise. Bondora can change it, and it already did in 2025.

Example: €5,000 left in Go & Grow for one year at 6% grows to about €5,309 (interest is added daily, so it compounds). In an account paying 2.5% it would grow to about €5,127. That's a difference of roughly €180 a year.

To see how much that gap adds up over 10 or 20 years, read our guide to compound interest.

Go & Grow vs a savings account

This is the key question behind the title. Here are euro savings rates in October 2026 next to Go & Grow:

The rate gap is real: about 3 to 4 percentage points more than most savings accounts. But you are comparing two different products:

So, is Go & Grow the best deposit alternative? It's one of the best higher-yield alternatives for cash you don't need right away. It is not a replacement for an emergency fund or money you need to keep safe.

Withdrawals and liquidity

Normally withdrawals are fast. Many investors receive money the same day, others within 1–3 business days. The cost is €1 per withdrawal, whatever the amount, so it's cheaper to withdraw larger sums less often.

The important exception came in March–June 2020. During the COVID crisis so many investors withdrew at once that Bondora introduced partial payouts: withdrawals were paid out in daily instalments instead of all at once. Investors got their money back and interest kept running, but access was slower for a few months. The terms still allow Go & Grow to limit payouts if the pool runs short of cash, so "instant access" is not guaranteed.

The risks you should understand

• No deposit guarantee. Go & Grow is not a bank account. The €100,000 EU deposit guarantee does not apply, and there is no investor compensation scheme either.
• Unsecured consumer loans. The money is lent to private borrowers without collateral. A large part of Bondora's loan book is in debt collection at any time. That is part of the model, but a severe recession could hit returns.
• Liquidity risk. As in 2020, withdrawals can be slowed if many investors leave at once.
• Company and concentration risk. All your money depends on one group of companies. If Bondora got into serious trouble, investors' loan claims are meant to be kept separate from the company, but recovering money could take a long time.
• Regulatory history. In 2025 the Estonian regulator fined Bondora AS €200,000 for gaps in its credit checks on some loans signed in 2023–2024.
• The target can fall. It was already cut from 6.75% to 6%.

How healthy is Bondora?

According to Bondora Group's 2025 report, the company:

• issued €349 million in new loans (up 33%)
• earned €62.7 million in revenue (up 19%)
• made a €9.5 million net profit
• has been profitable every year since 2017

These are the company's own audited figures and they look solid. A profitable lender with a long track record is a good sign, but it does not remove the risks above.

Pros and cons

Pros

• Target return of 6%, far above most savings accounts
• Daily interest and daily access
• Start with €1, no management fee
• Fully passive, no loan picking
• Long track record since 2018 and a profitable parent company

Cons

• No deposit guarantee or investor compensation
• Unsecured consumer loans behind the product
• Withdrawals were limited once (2020) and could be again
• €1 fee on every withdrawal
• The target return can be lowered

Who is Go & Grow for?

Go & Grow suits you if:

• you already have an emergency fund in a protected savings account
• you have extra cash you might need in months, not years, and want more than 2–3%
• you want a simple, hands-off product

It's not a good fit for your only savings, for money you must be able to reach in any situation, or for a large share of your net worth. Many investors use it as a "cash plus" layer: savings account first, Go & Grow second, long-term investments such as ETFs third. If you're still building your foundations, start with our guide Should I start investing?

How to start with Go & Grow

1. Sign up with your email and verify your identity (you need to live in the EU/EEA, Switzerland or Norway).
2. Transfer money from your bank account by SEPA transfer.
3. Your balance starts earning interest automatically.

New investors who join through a referral link get a €5 bonus after investing at least €50 within 30 days.

Open a Go & Grow account

Profits above the amount you deposited are generally taxable in your country of residence. Go & Grow provides an annual statement to help with your tax return.

Frequently asked questions

Is Bondora Go & Grow safe?

It has a long, stable track record, but it is not risk-free. Your money is lent to consumers without collateral and is not covered by a deposit guarantee. Treat it as a low-to-medium risk investment, not as a savings account.

Can I lose money with Go & Grow?

Yes. In normal times returns have been steady, but in a severe crisis loan losses could reduce returns or your capital, and withdrawals could be slowed.

Is Go & Grow better than a deposit?

It pays more, but a bank deposit is safer. The best approach for most people is to use both: a protected account for emergencies and Go & Grow for extra cash.

Is Bondora now called Go & Grow?

Yes. Since April 2026 the investment product is run by Go&Grow OÜ under its own brand. Bondora still issues the loans.

Final verdict

Go & Grow is a convenient way to earn about twice the interest of a typical savings account with almost no effort, and it has a solid record since 2018. The price is risk: no deposit guarantee, unsecured loans and the chance of slower withdrawals in a crisis.

Our view: a good deposit alternative for part of your cash, never a full replacement. Keep your emergency fund in a protected account and treat Go & Grow as the next step up. Looking for other P2P options? Read our LANDE review.