+£16
Regular Saver (7.1%)20 mins
ZopaRegular Saver (7.1%)
£16 Free Cash•20 mins
£16 Free Cash
+£16
What is Zopa?
Zopa launched in 2005 as the UK’s first peer-to-peer lending platform and has since become a fully regulated digital bank. They serve over one million customers through their banking app, Biscuit, and hold a full UK banking licence.
Through Biscuit, Zopa offers a current account with cashback on bills, fee-free spending abroad, savings pots at competitive rates, personal loans, and credit cards. All deposits are FSCS-protected up to £120,000.
You need an existing Zopa bank account and Smart Saver account to open the Regular Saver. If you don’t have one yet, start with the Zopa sign-up offer first — you’ll pick up a £10 bonus and get the account you need in one step.
Launched
2005
Customers
1.5m+
Google Play
4.7 (31k)
★★★★★★
Key Terms
Profit
+£16
Interest rate
7.1% AER
(variable)
Monthly depositUp to £300
Term6 months
Total max deposit
£1,800
(6 × £300)
Withdrawal terms: Free withdrawals anytime. You can re-deposit within the same month, up to the £300 monthly cap.
Requires: A Zopa bank account and Smart Saver account
Step by Step Guide
Chris's overview
Optional·2 min read
The Zopa Regular Saver pays 7.1% on up to £300 a month for 6 months. That’s around £16 more than you’d earn in a standard easy-access account on the same deposits. Interest is calculated daily and paid into your pot every month.
You can withdraw anytime with no penalties, and you can re-deposit within the same month up to the £300 cap. The 7.1% rate is variable, so it could change during the term.
You need a Zopa bank account and Smart Saver to open this. If you’ve already done the Zopa sign-up offer, you’re all set. If not, do that first — you’ll pick up the £10 bonus too.
1
Open a Zopa Regular Saver
You are here10 mins
- Open the Zopa app and log in to your Biscuit account
- Go to the Smart Savings Hub and tap ‘Open a pot’
- Select ‘Regular Saver pot’ and confirm to open it
- Your 6-month term starts from the date you make your first deposit
2
Make your first transfer
5 mins
- Transfer your chosen amount (up to £300) into your new Regular Saver pot
- This first deposit officially starts your 6-month term
- You can transfer from your Biscuit current account or any other UK bank account
Transfer up to £300 each calendar month
2 min
- Deposits are per calendar month, so transfer early (ideally the 1st) to earn interest for the full month.
- Automate it: set up a standing order to your Regular Saver. If your salary arrives at the end of the month, schedule the order for the 1st of the following month.
- Prefer doing it manually? Set a monthly reminder instead.
- You can deposit any amount from £1 to £300 per calendar month.
3
Withdraw your balance183d
5 mins
Your 6-month term ends
- After 6 months, your money is automatically moved to an Access pot where it earns the standard Access rate
- Move your money to the best available savings account or keep it in your Biscuit account
- You can then open a new 6-month Regular Saver pot if it’s still available
Offer Complete
Finished? Tick off each step above to view and track your total profit.
Quick Zopa Review
Completed the offer? Awesome! Here's our full review on why Zopa could work well for you going forward.
Zopa at a glance
Updated:
Right now Quidsy has two live Zopa offers: a £20 Biscuit current account bonus for opening an account and setting up one Direct Debit, plus a 7.1% Regular Saver. Biscuit also pays 2% on your balance, 2% cashback on bills, and fee-free spending abroad. Best as a secondary bills-and-travel account. Heads-up: app-only, no joint accounts.
Customers
1.5m
UK accounts
Founded
2005
21 years old
App Store
4.9 ★
66k reviews
Google Play
4.7 ★
31k reviews
Zopa's Biscuit account is one of the more interesting current accounts I've tested in the last couple of years. The combination of 2% AER on your everyday balance, real cashback on the household bills you're going to pay anyway, and fee-free spending abroad means it actually earns its keep instead of just sitting there.
It works best as a secondary account, particularly if you point your bills at it to squeeze the cashback. For couples wanting a single shared current account, it isn't quite there yet (no joint accounts), and if you prefer being able to walk into a branch, you'll be happier elsewhere. But for anyone comfortable with app-only banking who wants a genuinely competitive everyday account, it's an easy recommendation.
The £20 bonus for new customers takes about 12 minutes to set up (you just need one Direct Debit running), and you get a properly built bank account out of it. With FSCS protection up to £120,000 and a full UK banking licence behind it, you're not taking a fintech gamble here – Zopa has been a profitable, fully licensed bank for years now.
Authorised by the PRA, regulated by the FCA and PRA. FRN 800542. Eligible deposits FSCS-protected up to £120,000.