They've gone into reverse on the Provision Fund, (from their website):"The Provision Fund Key Data:How much is in the Fund? £17,067,672£500,000 is a loan from RateSetter."(I wonder what rate of interest the Provision Fund pays Ratesetter on this loan.)Re: "funds set aside by RateSetter"; presumably this means that generally Ratesetter itself can take loans in parallel with its customers, which I would have thought would create some hard to resolve the conflicts of interest, e.g. who gets the best loans.I was drawn into RateSetter by their irresistible '£100 on £1000 for a year' offer.But I guess it's not for me as it seems neither a transparent peer to peer agent, nor a cosy Building Society account. The only saving feature perhaps, compared with prefs in a challenger bank, is that it can't get into really big trouble with fractional reserve banking!