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Zopa review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Zopa pairs a credit card with an easy-access savings account, so both borrowing and saving run through a single regulated app. It suits people who want to hold and spend in the same place, and savings earn 2.95% to 4.65% on the easy-access account.

Key facts

Best for
UK card users who also want a variable easy-access savings account with no monthly charge.
Annual fee
£0↗
APR
29.8% to 34.8%↗
Currency conversion fee
0%↗
Rewards type
None↗
Perks
Credit Cushion to set aside part of the available credit balance, Instant payment notifications and real-time balance updates, Instantly freeze the card if you spot an unusual transaction, View your PIN in the app, No fees for using the card abroad, Repay by debit card or set up automatic monthly repayments, Best Credit Card Provider at British Bank Awards 2026, Apple Pay support for the Zopa credit card and Biscuit debit card↗
Card kind
Credit↗
Legal entity
Zopa Bank Limited↗
Headquarters
United Kingdom↗
Founded
2005↗
Support channels
Chat, Phone, Help-centre↗
Pricing model
No annual fee
Official website
zopa.com

Savings

Headline rate
2.95% to 4.65%↗
Rate type
Variable↗
Minimum deposit
£1↗
Deposit protection
FSCS up to GBP 85,000↗
Access terms
Withdraw or add money anytime, no notice or penalties↗
Monthly fee
£0↗
Account kind
Easy access↗

Facts checked September 26, 2026, 6 sources

Apps and profiles

Elsewhere
WikidataWikipediaLinkedInXTrustpilotinstagram.com

Pros and cons

Pros

  • Annual fee of £0 on the credit card and a monthly fee of £0 on the easy-access savings account
  • Currency conversion fee of 0%, with the card's own fee list also stating no fees for using the card abroad
  • Savings earn 2.95% to 4.65% at a variable rate, above the site median of 3%
  • Deposits are covered by FSCS up to GBP 85,000

Cons

  • Credit costs an APR of 29.8% to 34.8%, the top of the range the card quotes
  • The card carries no rewards, with a rewards type of none
  • Savings interest is a variable rate, so the 2.95% to 4.65% band can move
Zopa

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Scored 9.0 / 10 by SumCue.

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Who it suits

  • UK adults who want one regulated app for a credit card and easy-access savings
  • Borrowers who repay in full each month and want no annual fee
  • Travellers who spend abroad often and want a 0% currency conversion fee

Who should look elsewhere

  • Anyone wanting cashback or points, since the rewards type is none
  • Balance carriers who need a low promotional rate, as the card's APR is 29.8% to 34.8%
  • People who want a fixed savings rate, because the rate type is variable

Rates and card terms

The credit card charges an APR of 29.8% to 34.8% and an annual fee of £0. The savings side is an easy-access account earning 2.95% to 4.65%, and that rate is variable, so the band can move rather than staying locked. Money can be withdrawn or added at any time with no notice period and no penalty, and the account opens from a minimum deposit of £1.

The company behind it

Zopa Bank Limited is the legal entity, headquartered in the United Kingdom and founded in 2005. It is regulated in the UK by the Financial Conduct Authority and Prudential Regulation Authority, so savings deposits are covered by FSCS up to GBP 85,000. Support runs on chat, phone and help centre, giving a phone line and live chat alongside a help centre.

How Zopa compares

Where Zopa is available

Available
United Kingdom
Licence in United Kingdom
Financial Conduct Authority and Prudential Regulation Authority (800542), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does the Zopa credit card cost to keep?+

The annual fee is £0 on a credit card, and there is no charge for using it abroad, so the currency conversion fee is 0%. Interest applies if a balance is carried, and the APR is 29.8% to 34.8%.

What interest rate does Zopa savings pay?+

The easy-access savings account pays 2.95% to 4.65%, and the rate type is variable. The site median for headline rates is 3%, so this sits above the middle of the market. The account carries a monthly fee of £0.

Is my money protected at Zopa?+

Zopa Bank Limited is regulated in the UK by the Financial Conduct Authority and Prudential Regulation Authority, and deposits are covered by FSCS up to GBP 85,000. The savings account runs as an easy-access account, so you are not tied to a term.

Can I get at my savings money quickly?+

Yes. The account is an easy-access one, and you can withdraw or add money at any time with no notice and no penalties. The minimum deposit to open is £1, which keeps the entry point low.

Does the Zopa card earn any rewards?+

The rewards type is none, so there is no cashback or points scheme on this card. Spending is rewarded through practical features instead, including instant payment notifications, the ability to freeze the card instantly and viewing your PIN in the app.

How do I repay the card?+

Repay by debit card or set up automatic monthly repayments, and Credit Cushion lets you set aside part of the available credit balance as a buffer. The APR is 29.8% to 34.8%, so a balance carried from month to month costs interest.

Who does Zopa suit?+

Zopa suits UK adults who want a regulated bank for a credit card and easy-access savings together. It is a reasonable fit if you clear the balance each month, since the APR is 29.8% to 34.8%, and you spend abroad, where the currency conversion fee is 0%.

Sources

  • zopa.com checked September 26, 2026

    Backs: Deposit protection

  • zopa.com/credit-card checked September 26, 2026

    Backs: APR, Card kind, Currency conversion fee, Perks, Rewards type

    “Rates from 29.8%, Representative example: 34.8% representative APR variable based on an assumed credit limit of £1200. 34.8% p.a. variable purchase rate.”

  • zopa.com/help/article/what-fees-do-you-charge checked September 26, 2026

    Backs: Annual fee, Pricing model

    “We charge two fees - a missed payment fee of £12 if you don't make your minimum monthly payment on time, and a cash withdrawal fee of £3 for each cash withdrawal from an ATM.”

  • zopa.com/savings checked September 26, 2026

    Backs: Headline rate, Rate type

    “Compare Zopa savings pots interest rates: Withdraw anytime 2.95% (2.91%), Limited Access Up to 4.56% (Up to 4.46%), Fixed Term Up to 4.65% (Up to 4.55%). Data correct as of 14 September 2026.”

  • zopa.com/savings/easy-access-savings checked September 26, 2026

    Backs: Access terms, Account kind, Minimum deposit, Monthly fee

    “Need flexibility? Add or withdraw money whenever you like, with no notice or penalties.”

  • zopa.com checked September 26, 2026

    Backs: Founded, Headquarters, Legal entity, Support channels, Licences

    “We've been lending since 2005 and already offer award-winning credit cards, personal loans and savings accounts.”

Compiled from 6 source pages, checked September 26, 2026. We did not open an account.

Zopa

Zopa

UK card users who also want a variable easy-access savings account with no monthly charge.

9.0/10See alternatives