Introducing “Biscuit” by Zopa - the UK’s tastiest bank account
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 it’s hard to find a bank that 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.
Today, we are thrilled to launch our new bank account: Biscuit, marking Zopa Bank’s official entry into the UK current account market.
A bank account as tasty as it is uncomplicated
Biscuit will 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** (6.87% gross***) on up to £300 deposits per month
Earn 2.00% AER** (1.98% gross***) 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.
Users can now sign up for Biscuit via the Zopa Bank app, downloadable through the App Store or Google Play.
* The annual financial value a customer can get from the Zopa Account is calculated using the following six assumptions:
Customers earn 7.10% AER on £300 deposited every month, maximising the cap of the Regular Saver.
Customers earn 2.00% cashback on bills, accumulating a minimum of £1,500 of direct debits per year (£125 per month).
Customers earn 2.00% on their current account balances.
Average current account balance calculated in line with BOE’s seasonally adjusted households’ sterling non-interest-bearing sight deposits (2025) and ONS’s latest population estimate (2023).
For illustration purposes we’ve assumed any variable rates to stay the same for the next 12 months.
For illustration purposes we’ve assumed tax isn’t due on the savings but note that tax treatment depends on individual circumstances.
**AER stands for 'annual equivalent rate'. We pay you interest on a monthly basis, but AER shows you the rate you’d get if this monthly interest was compounded and paid once a year instead. We provide an AER to make it easier for you to compare our rates with other providers. The 7.10% savings rate is “variable”. The other rates mentioned above are “fixed” for 12 months, then variable.
***We pay gross interest, which means nothing is deducted for tax.
