The Smart Saver is a “hybrid” (easy access / notice) savings account aimed at users at the beginning of their savings journeys. It currently offers up to 1.45% AER.
 
With rising inflation, energy prices, and rent increases adding considerable pressure on consumers’ finances, Zopa’s ambition is to make the £225 billion “zombie money” sitting idle in UK current accounts work harder.
 
More context and some figures:

 • The Smart Saver has attracted £115m in two months
 • Just under 20,000 customers have opened an account
 • Over half (54%) of the funds are sitting with “Boosted” pots
 • We anticipate Smart Saver deposits to reach £750m by the end of the year 
 • Some of the most popular pots include saving towards Christmas, rainy days, holidays and new homes
 
Since launching a bank in 2020, Zopa has attracted £1.2 billion in deposits, more than £1.5 billion of loans on balance sheet, issued circa 250,000 credit cards becoming a top 5 credit card issuer in the UK, and tripled (3x) our revenue per customer.