+£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 (28k)
★★★★★★
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
10 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
Done? Tick off each step above to see your total.
Zopa Full Review
Completed the offer? Awesome! Here's our full review on why Zopa could work well for you going forward.
Zopa started as the UK's first peer-to-peer lending platform back in 2005, and has since evolved into a fully-fledged digital bank. Their Biscuit current account combines everyday banking with genuine money-earning features that set it apart from traditional high street banks. With over 1.6 million customers and consistently high app store ratings, Zopa has established itself as a trusted name in UK fintech.
See the App
Is Zopa safe?
Yes, Zopa is a fully regulated UK bank. They're authorised by the Prudential Regulation Authority (PRA) and regulated by both the Financial Conduct Authority (FCA) and the PRA (firm reference number 800542). Most importantly, your deposits are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per person - the same protection you get with any major high street bank.
Zopa uses bank-grade security including biometric login, instant card freezing, and real-time transaction notifications. They've been operating since 2005 and have built a strong reputation for security and reliability.
Who is Zopa for?
Zopa's Biscuit account is ideal for anyone looking to earn more from their everyday banking. It works particularly well as a secondary account for managing household bills (to maximise the 2% cashback), or as a travel-friendly option thanks to the fee-free spending abroad.
If you're comfortable with app-only banking and don't need branch access, Zopa offers a compelling package. It's especially suited to people who want competitive interest rates without the hassle of constantly switching between accounts.
Top 5 Zopa Features
1
2% cashback on bills
Earn 2% cashback on eligible Direct Debits like energy, broadband, and council tax, capped at £30 per year. The cashback is automatically credited to your account.
2
2% AER interest
Your balance earns 2% AER (fixed for 12 months), paid monthly. No need to lock money away in savings pots - your current account balance works for you.
3
No foreign exchange fees
Spend abroad without hidden charges. You get the Mastercard exchange rate with no additional fees, making it a great travel companion.
4
Round-ups and savings pots
Automatically round up your purchases to the nearest pound and save the difference. Create multiple savings pots to organise your money goals.
5
Instant notifications
Get real-time alerts for every transaction, so you always know exactly where your money is going. Freeze and unfreeze your card instantly if needed.
Pros and Cons
Pros
- ✓Competitive 2% AER interest on your balance (fixed for 12 months)
- ✓Genuine cashback on household bills
- ✓Clean, intuitive app design
- ✓No monthly fees or minimum balance
- ✓FSCS protected up to £120,000
Cons
- ✗App-only - no branch access
- ✗Limited to UK residents only
- ✗Cashback capped at £20 per month
- ✗No joint accounts currently available
Chris's Verdict
Zopa's Biscuit account offers a compelling package for anyone looking to make their money work harder. With market-leading interest rates, genuine cashback on bills, and a polished app experience, it's a strong choice for a secondary account or even as your main banking app.
The combination of 2% AER on your balance and 2% cashback on bills means you're genuinely earning rather than just storing your money. Add in the fee-free foreign spending and FSCS protection, and it's easy to see why Zopa has attracted over 1.6 million customers.
If you're comfortable with digital-only banking and want to maximise your everyday finances, Zopa is definitely worth the 10 minutes to sign up - especially with the £10 bonus for new customers.
