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 4.65% is available on one of its cash ISA accounts.
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.
All of Zopa’s savings accounts are now app-only. This means you will need to download the Zopa app and then answer a few questions in order to open an account.
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 usually need to upload a picture of your photo ID, such as a passport or full driving licence, and a selfie. This can be done in the app. In some cases, you might also need to provide a bank or credit card statement, or a utility bill dated within the past 3 years to verify your address.
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 £120,000 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. Many of the accounts offer competitive interest rates.
FSCS protection. Your savings are protected up to £120,000 per person.
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 as everything must be managed via the app.
What do customers say about Zopa?
87% of customers we surveyed in 2026 would recommend Zopa to a friend.
It provides a highly functional, easy-to-use app with a good range of accounts and straightforward access to funds. Users appreciate the transparent interest rates and the ease of moving money in and out without waiting.
While they often offer excellent introductory rates, some users noted that the ongoing rates aren't always the absolute best on the market, prompting them to actively manage and move their funds.
AI-generated summary from the text of customer reviews on Finder.
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
Your savings deposits will be used to fund Zopa's personal loans, car finance or credit cards.
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Kate Steere is an editor and money expert at Finder, specialising in banking, savings and fintech. She has previously written for The Motley Fool UK and Fitch Solutions, where she covered a wide range of personal finance topics and kept a close eye on market trends. Kate has a Bachelor of Arts in Modern History from the University of East Anglia. When not working, she can usually be found curled up with a good book or heading out for a run.
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Jason is a writer and editor. He worked as a senior subeditor for Finder for 5 years and in that time became familiar with a wide range of financial products and services. Before that, he worked for Australian Associated Press. He has a BA from Macquarie University in Australia. Jason loves to help other people find new ways to save money.
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Choosing between ISAs or normal savings accounts is easier than it seems. Pick the one which pays out most! Read our guide for tips on how to get the most out of your savings pot.
A cash ISA is a savings account where you never pay tax on the interest. Use our comparison table to find the best ISA rates – whether you want to lock cash in for a set time or keep it easy access.
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