What's the difference between Bonds & p2p Loans?

With bank savings accounts currently only offering paltry rates of around 3%, if you choose P2P or bonds carefully you could achieve returns of around 5-7% a year in interest. Although investments such as Bonds and Peer to Peer Lending (P2P) are not covered by the FSCS protection scheme and carry more risk, the rewards are potentially much greater.
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