Zopa savings account review
Zopa offers a broad range of savings accounts with interest rates up to 4.25%.

Zopa was established in 2005, but it wasn’t until 2020 that it launched as Zopa Bank and started offering savings accounts. It is a digital bank which looks to use technology to offer customers more innovative savings options.
Its savings products include a range of different accounts and terms, including easy access, notice and fixed rate. Learn more in our guide below.
Zopa's top savings rate of 4.25% is available on one of its fixed-rate bond accounts.
We currently don't have that product, but here are others to consider:
How we picked theseWe currently don't have that product, but here are others to consider:
How we picked theseThe best savings account depends on what you want from your savings. If you're after fast access to your money, then an easy-access account should suit you. However, if you're happy to lock your money away for a time to access a higher rate, then a fixed-rate bond is a good option.
Finally, if you're looking to maximise your returns and shield them from income tax, consider an ISA. Below, we've listed the different types of accounts Zopa offers, plus the highest interest rate currently available.
Savings account types include | Cash isas, fixed-rate bonds |
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Best cash ISA rate | 4% |
Best fixed-rate bond rate | 4.25% |
Fixed bond terms | 1 year - 5 years |
Opening options | Website, mobile app |
FSCS protection |
How you open a Zopa savings account depends on which account type you are opening.
Its Smart Saver accounts are app-only. You will need to download the Zopa app and then answer a few questions in order to open an account.
Zopa’s Fixed Term Savings accounts can be opened online. To open an account, you must:
For new customers, you may be required to upload documents to prove your identity and confirm your address. For the Smart Saver, you’ll be asked to upload your documents to the app. If you are applying for a Fixed Term Savings account, documents will need to be uploaded through the website.
Here are some documents you may need:
Zopa’s Smart ISA sits inside its Smart Savings Hub. It’s a flexible ISA, which means you can withdraw money and put it back into the account within the same tax year without it impacting your allowance.
It offers competitive rates, though its biggest perk is you can open multiple pots inside your ISA and personalise them. This is great if you like to split up your savings for different things.
You can withdraw whenever you want wihout notice with Access ISA pots or set up Fixed Term ISA pots to lock your money away for longer and give yourself certainty over your returns.
Savings with Zopa are protected by the Financial Services Compensation Scheme (FSCS), which covers deposits up to a total of £85,000 across all your savings accounts with Zopa.
Zopa is regulated by the Financial Conduct Authority (FCA) and authorised by the Prudential Regulation Authority (PRA).
You can’t make a direct switch to Zopa. Instead, you will need to withdraw money to your nominated bank account and then use that to deposit into your Zopa savings account.
Just a note, your nominated bank account will need to verified by Zopa before you can transfer any funds to your savings account.
In our independent 2025 customer satisfaction survey, 80% of Zopa’s users said they’d recommend its savings products to a friend.
The Zopa app has a rating of 4.9 out of 5 from around 43,000 reviews on the Apple App Store. On the Google Play Store, it has a score of 4.6 out of 5 from over 23,000 Android app users.
Over on Trustpilot, Zopa scores 4.6 out of 5 from almost 30,000 reviews.
These were checked in May 2025.
Email support | |
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Telephone support | |
In-app or live chat | |
Contact form | |
Branch support |
Zopa covers a lot of bases with its savings offerings. If you are looking for a fixed rate account, then you have plenty of options with terms ranging from 1 to 5 years. Under its Smart Saver account you will also have the option to access your money at anytime or boost the interest rate by putting notice periods in place for withdrawals. The rates on all of Zopa’s savings accounts are also pretty decent. Read our savings reviews to see how it stacks up against other savings providers and see if it is the right choice for you.
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