Grow your savings with up to 4.45% AER

Smart Saver could be right for you if:

• You’d like to start saving from as little as £1 and up to a maximum of £250,000.

• You like the flexibility and control of deciding when you need access to your savings.

• You like to organise your savings into different pots at different rates.

• You have a smart phone and are comfortable with mobile banking. Smart Saver is only available in the Zopa app, allowing you to manage your savings 24/7.

Smart Saver offers two different ways to save, through our Boosted and Access pots. You can open up to 20 pots across our Smart Saver and Smart ISA accounts.

Here’s how our Smart Saver pots work:

Boosted pots

• Are designed to help you set aside some of your money at a higher interest rate and remove the temptation to spend.

• You choose a notice period of 7, 31 or 95 days. This is the number of days' notice you’ll need to give before you can withdraw your money.

• While your money is in a Boosted pot, it earns a higher interest rate. The longer the notice period you choose, the higher your interest rate. When you want to access your savings, simply give notice inside the app and count down the days until you can withdraw your money.

Access pots

Access pots keep things super simple. The interest rate is slightly lower than what you could earn in a Boosted pot, but youu can withdraw your savings from Access pots whenever you want.

Interest

The interest rate you’ll earn will depend on the type of pot you open.

The interest rate on Access pots is variable, so it can change over time.

The interest rates on Boosted pots are set at a certain percentage below the Bank of England base rate. We have the right to change these percentages, and we’ll notify you via email if we ever do. If the base rate changes, your Boosted pot interest rate will change by the same amount.

If this doesn't sound quite right for you, we also offer Smart ISA and Fixed Term Savings accounts.

The Smart Saver account is app-only. You can only open a new Smart Saver account by heading to the Smart Savings Hub in our app.

Boosting is a feature of the Smart Saver account, which allows you to increase the interest rate you receive. In return for the extra interest, you need to give notice within the app before you can access your savings. The longer the notice period, the higher the interest rate.

If you have a Smart Saver account, you can create a Boosted pot by following the steps below:

1. Open a pot and give it a name.

2. Tap Boost or Increase Boost inside the pot.

3. Choose a notice period of 7, 31 or 95 days.

4. From that date onward, money in a Boosted pot will earn a higher interest rate.

When you need to access the money in a Boosted pot, simply:

1. Head to your Boosted pot and click Give notice.

2. Your pot will tell you when your savings will be available to access.

3. Once the notice period ends, your Boosted pot will become an Access pot, and you’ll be able to withdraw your savings to your nominated bank account or Boost again.