Zopa, the award-winning digital bank trusted by over 1.4 million UK customers, has officially launched its first current account, “Biscuit”—a mobile-first product designed to reward customers for their everyday spending and saving habits.
Packed with standout benefits, Biscuit offers up to £256 per year in combined interest and cashback—far more than traditional high street rivals. Account holders earn:
- 2% AER on current account balances (fixed for 12 months)
- 2% cashback on up to £1,500 of annual bill payments
- 7.10% AER on monthly savings up to £300 via its Regular Saver pot
The headline 7.10% AER interest rate offered through Zopa’s Biscuit account applies to its Regular Saver pot, which allows customers to deposit up to £300 per month. This rate is variable, meaning it can change over time, and interest is paid monthly and compounded annually.
Assuming the rate stays the same for 12 months and the monthly deposit cap is maximised, customers could earn up to £137 in interest over the year.
It’s important to note that this pot is designed for regular, smaller deposits rather than large lump sums, and the interest is paid gross, with no tax deducted at source—though tax may apply depending on your personal circumstances.
For larger amounts savings platforms offer access to a wide range of different high interest paying rates from a single account.
Biscuit is fee-free and comes with no overseas card spending charges, offering customers the real Visa exchange rate while abroad. Opening the account takes just minutes through the Zopa app, with instant virtual card access and seamless integration of external accounts for all-in-one money management.
Unlike many fintechs, Zopa holds a full UK banking licence, with deposits protected up to £85,000 by the FSCS. Its 20+ year track record includes managing £5.5 billion in savings and earning customer satisfaction scores of 4.6/5 on Trustpilot and an NPS above 70.
Zopa’s move into current accounts positions it as a genuine challenger to both neobanks and traditional providers like HSBC, Lloyds, and Barclays. A comparison shows Biscuit significantly outperforms these banks in account interest, savings returns, and cashback value—offering over 5x more financial benefit than the average high street account.
According to Zopa Product Director James Walker, “We baked Biscuit to be different—rewarding you for everyday habits with sweet simplicity and no gimmicks.”
With its high returns, ease of use, and strong brand trust, Biscuit looks set to become a serious contender in UK everyday banking.
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
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