Cash ISAs
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.
Cash ISAs
Table: sorted by interest rate
Zopa's best cash ISA rate of 4% is lower than today's market-best rate of 5.71%.
1 - 5 of 6
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How we picked theseFixed-rate bonds
Table: sorted by interest rate
Zopa's best fixed-rate bond rate of 4.25% is very slightly lower than today's market-best rate of 4.45%.
1 - 5 of 5
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What is Zopa's best savings account with the highest interest rate?
The 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 |
|---|---|
| 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 to open a Zopa savings account
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:
- Be aged 18 or over
- Hold tax residency in the UK only (excludes the Channel Islands and Isle of Man)
- Have an active UK current account that can be linked
What documents do you need to open an account?
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:
- Proof of identity like a UK passport or full driving licence
- Proof of address such as a utility bill, council tax statement or mortgage statement
- Recent bank statement to verify your linked bank account
What is Zopa’s Smart ISA?
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.
Is Zopa safe?
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).
How to switch to Zopa
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.
Pros and cons
Pros
- Decent interest rates. Both the Smart Saver and Fixed Term accounts offer competitive interest rates.
- Online and app. Account management done via the app or online.
- Varying terms. Fixed term accounts range from 1 to 5 years.
Cons
- No high street presence. Not ideal if you want to speak to someone face to face.
Zopa customer reviews
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.
Customer service information for Zopa
| Email support | |
|---|---|
| Telephone support | |
| In-app or live chat | |
| Contact form | |
| Branch support |
Our verdict: Is a savings account from Zopa worth it?
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.
Frequently asked questions
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
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