Compare UK Digital Banks
Independent reviews of digital & app based banking
Zopa Bank Review
Zopa Bank is a UK digital bank that evolved from the world's first peer-to-peer lending platform. Now a fully regulated bank, it offers a rewarding 'Biscuit' current account, competitive savings pots, a clear-fee credit card, and award-winning personal loans—all managed through a polished, intuitive app.
FSCS Protection — If you want to understand how the £120,000 FSCS guarantee protects your savings, click here to read our helpful guide →
Key Features
| FSCS Protection | Yes — up to £120,000 per person |
| Monthly Fee | £0 (on standard current account) |
| Current Accounts | Yes — Digital current account with smart saving features |
| Savings Accounts | Yes — Range of savings products including Regular Saver and Fixed Term accounts |
| Credit Card | Yes — Zopa Credit Card with credit building features and no annual fee |
| Spending Abroad | Fee-free spending and ATM withdrawals with Biscuit debit card |
| App Features | Smart Saver pots, credit score tracking, spending notifications |
| Loans | Yes — Personal loans with flexible repayment terms |
| Top Savings Rate | 7.10% AER (Regular Saver, requires Biscuit account) |
Zopa Bank at a Glance
- Zopa offers a valuable 'Biscuit' current account, market-leading savings rates, and responsible credit products, all delivered through a clean, award-winning app with full FSCS protection.
Zopa Bank Services
Zopa provides a focused range of banking services centred around savings and credit. Customers can open instant-access or fixed-term savings accounts, apply for a popular low-fee credit card, and access personal loans designed around fair, transparent pricing.
✅ Pros
- Competitive savings rates
- Highly rated credit card
- Clear, easy-to-use app
- Strong focus on fairness and transparency
- FSCS protected up to £120,000
- Good tools for managing credit health
⚠️ Cons
- No business banking options
- Customer service can be challenging for complex issues (per some user reviews)
- The top-tier Regular Saver requires a Biscuit current account
Why We Like Zopa Bank
We like Zopa because it combines strong-value savings with fair, transparent credit products. Its app is clear and approachable, and its focus on responsible borrowing and financial wellbeing sets it apart from many other digital banks.
How We Compare Digital Banks
Compared with full-service digital banks like Monzo or Starling, Zopa focuses more on savings and credit rather than everyday current-account banking. It is best suited to users who want competitive savings rates and fair borrowing products rather than an all-in-one banking app.
Financial Information Disclaimer
The information on this website is provided for general guidance only and may not always reflect the latest fees, rates, or terms offered by each bank. While we do our best to keep content accurate and up-to-date, you should always check the bank’s official website or app before applying for an account. Nothing on this site constitutes financial advice.
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