Savings Interest Rates, Switch Offers and Guides for Zopa

Who they are

Zopa began as the world's first peer-to-peer lending company in 2005 and gained a full banking licence in 2020. The peer-to-peer side of the business closed in December 2021 , and since then Zopa has focused entirely on being a digital bank. Founded in 2005, it is now trusted by over 1.5 million people across the UK and looks after more than £5 billion in savings. The name itself comes from "zone of possible agreement", a negotiating term - which sums up the brand's ethos well. A current account was launched in March 2025 , called Biscuit, rounding out a product range that also includes personal loans and credit cards. Zopa aims to combine the reliability of a high street bank with the ease of app-based banking.

Savings accounts

Zopa's savings range is genuinely broad. The Biscuit Current Account comes with a linked regular saver paying 7.10% AER variable on up to £300 a month - one of the higher regular saver rates available right now, though it runs for six months, so the total interest is more modest than the headline implies.

For easy access, the Access Pot pays 2.95% AER variable from just £1. Step up to a notice account and the Boosted Pot range pays 3.08% (7 days), 3.20% (31 days), or 3.55% (95 days) - useful if you can give a little notice but still want flexibility.

The Fixed Term Pots are where the rates get more competitive. A 6-month fix pays 4.50% and the 1-year fix pays 4.55% AER - both strong at shorter terms. Rates then taper to 4.16% at 2 years, 4.00% at 3 years, and 3.80% at both 4 and 5 years.

The Smart ISA covers the same shape of range inside a tax wrapper. The easy-access ISA pot pays 3.25% AER variable, with fixed ISA options running from 4.50% at 1 year down to 3.80% at 4 and 5 years. All accounts open from £1, which is genuinely accessible.

All Zopa savings products carry FSCS protection up to £120,000 - above the standard £85,000 limit that applies at most banks, which is worth noting if you hold a larger balance.

Is it right for you?

Zopa suits savers who want everything in one app - current account, easy access, notice pots, fixed terms, and a Cash ISA - without needing to juggle multiple providers. The Biscuit account adds a regular saver and some cashback on bills if you route your day-to-day spending through it too. If you are primarily a passive saver who just wants to park a lump sum, some specialist fixed-rate providers may shade Zopa on headline rates at longer terms - but for breadth and convenience, the range here is hard to fault.

There are no switch offers on Zopa at this time.

As ever, the rates shown on this page are live and updated regularly - check them before you apply, as variable rates in particular can move.