Zopa blog
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Current account vs savings account: how to find the right fit for your finances
When it comes to opening a bank account, you’ll normally be choosing between two options: a current account or a savings account. But what’s the difference? And how do you know what’s the best option for your finances?
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How to compare current accounts: what to look for before you switch
Your current account does more than hold your money – it can earn you interest, give you cashback on bills, and even help you build your savings. But not all accounts are created equal, and the right one for you depends on how you bank. Here’s how to compare what’s out there and find an account that works harder for you.
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Understanding Investment Risk
In everyday life, if you saw a sign warning you about a risk ahead, you’d probably choose another route. But here’s the thing: investment risk is an essential part of the financial system. It’s what gives your money the best chance to grow. Avoiding risk entirely could hold you back from achieving your financial goals. The trick isn’t to dodge risk, but to understand it and keep it at a level you’re comfortable with.
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Zopa Bank and ClearScore welcome 22 founding members to Jobs2030 in industry-wide push to upskill 100,000 workers in GenAI
The UK fintech and financial services industry has come together to launch Jobs2030 — a new coalition aiming to upskill 100,000 banking and fintech professionals in AI and GenAI disciplines by 2030.
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Free current accounts: What to look for beyond ‘no fee’
Most current accounts in the UK don’t charge a monthly fee. So when a bank says their account is ‘free’, they’re really just describing the norm. A more useful thing to find out is: what separates a good free account from the rest, and what should you actually be comparing?
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Can you get a current account with bad credit?
If your credit score has seen better days, you might be wondering whether a current account is even an option. Spoiler: it is. In fact, there are several routes into everyday banking that don’t depend on a clean credit history – from basic bank accounts offered by most high street banks, through to accounts with more features but no credit checks, like Biscuit by Zopa.
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Who is eligible for a current account with cashback and interest?
Most cashback and interest-paying current accounts are open to anyone aged 18 or over living in the UK. A soft credit search is usually all it takes to check your eligibility and some banks, including Biscuit by Zopa, don't require a hard credit check to open an account at all. The main thing to get your head around is that qualifying for the account and qualifying for the rewards are two slightly different things.
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