Zopa, the digital bank pioneer trusted by 1.5 million customers, has entered the UK current account market.

The news will see Zopa address a huge gap in the market, offering an account that combines great value with best-in-class digital experience - earning Brits £256* in cashback and interest.

Like any good biscuit, the Zopa Account is as tasty …

• Earn 7.10% AER on up to £300 deposits per month (highest in the market)
• Earn 2.00% AER interest on all balances
• Earn 2.00% cashback on bills, up to £1,500 of direct debits per year

…as it is uncomplicated

• Open an account in minutes with Zopa’s slick, automated onboarding
• Instant virtual cards allow customers immediate access to account benefits
• Customers can link their external accounts in the Zopa App to manage their money and make payments from one place

Biscuit also unlocks instant access to Zopa’s Smart Saver, named one of the UK’s best savings providers at the 2024 British Bank Awards, along with Zopa’s award-winning loan and credit products.

Jaidev Janardana, CEO at Zopa Bank, said: “Stepping into everyday banking is a natural next step in Zopa’s mission to build the Home of Money for its customers. We believe that British consumers deserve better than having to constantly chase deals and accept complexity or poor experience. All our products are designed to provide good value and ease, and our new bank account is another great example of this philosophy.”

Merve Ferrero, Chief Strategy Officer at Zopa Bank, added: “Many of us spread our money across different providers — holding it with high street banks, moving some into savings or investments, and spending through neo-banks. We do this because we want safety, good value, and convenience at no extra cost. But no single bank meets all these needs in one place. Zopa Bank aims to change that with Biscuit — delivering great value across everyday spending and saving, all through one seamless App experience.”

Zopa Bank has a track record of launching products that deliver great outcomes for its customers. In 2024, Zopa savers earned £205.4 million in interest on £5.4 billion of savings, bringing home 2.7x more interest on average compared to high street banks with similar products.

It has a NPS of more than 70 and a 4.6/5 Trustpilot score—among the highest customer satisfaction ratings in the UK.

Continued innovation and partnerships with household brands like Octopus Energy and John Lewis, amongst others, helped Zopa double pre-tax profits to £34.2 million in FY2024 - underscoring its remarkable trajectory since launching in 2020.

With sustained, profitable growth, Zopa is expected to move to its landmark new headquarters later this year, doubling its office footprint.

Unlike many fintechs, Zopa holds a full UK banking license, meeting the same regulatory standards as traditional banks. Deposits are protected up to £85,000 by the FSCS.

One of the UK’s highest rated and most celebrated financial brands, Zopa was again voted the UK’s Best Personal Loan Provider and Best Credit Card Provider at the 2024 British Bank Awards.