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 its business closed in December 2021 , and since then it has focused entirely on being a digital bank - offering savings, personal loans, and credit cards. It is independently owned and operated as Zopa Bank Limited (FCA firm reference 800542, authorised). Zopa has now reported three consecutive years of profit, and take-up of its current account proposition has eclipsed expectations. It is a sizeable operation by digital-bank standards, with a growing customer base and a track record in consumer credit that predates most of its neobank rivals.

Savings accounts

Zopa's savings range runs from instant access through to five-year fixed terms, all opening from just £1. Rates are variable on the flexible accounts and fixed on the term pots, and none of the products carry a bonus that disappears after a few months - with one notable exception.

The Limited Access Savings account carries a 12-month variable bonus on the first £50,000, available to new savings customers who opened on or after 16 June 2026, or who opened before that date but have not yet deposited any money. The access comes with a restriction - keep an eye on the terms before applying.

For savers who want flexibility without a bonus to track, the Access Pot offers easy-access at a variable rate of 2.95%. 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).

Fixed Term Pots run from six months to five years. The sweet spot right now sits at the one-year mark at 4.65%, with the six-month pot at 4.60% and two years at 4.50%. Rates taper beyond that - 4.00% for three years, and 3.80% for both four and five years. You cannot access your money before maturity on any fixed term, so only lock away what you can genuinely spare.

Zopa also offers a Smart ISA wrapper across the same range of terms. The flexible Access Pot inside the ISA pays 3.25% variable, while the one-year Fixed Term ISA currently sits at 4.87% - among the stronger fixed Cash ISA rates available. Two, three, four and five-year fixed ISA options are also available at 4.11%, 3.90%, 3.80% and 3.80% respectively.

All accounts are protected up to £120,000 per person by the FSCS. Zopa Bank Limited holds its own banking licence with no shared-licence brands, so your full £120,000 limit applies solely to your Zopa deposits.

Is it right for you?

Zopa suits savers who want a clean, app-based experience and a range wide enough to cover different time horizons in one place. The £1 minimum deposit makes it accessible, and the ISA range means tax-efficient saving is straightforward too.

The notice and fixed-term accounts reward savers willing to give up some flexibility - particularly at the one-year fixed end, where both the standard and ISA rates are competitive. If you need instant access and the highest possible rate, compare the Limited Access Savings account carefully against its withdrawal conditions before committing.

Rates change regularly, so the live figures on this page are always the most up-to-date place to check before you apply.