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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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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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. 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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Your Personal Savings Allowance Explained
Just like most other forms of income, you may need to pay tax on the interest you earn from saving. But there are plenty of legitimate ways to reduce that tax – often to zero. One of the most useful tools is your personal savings allowance (PSA): a chunk of savings interest you can earn each year completely tax-free.
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Balanced vs Bold: Which fund is right for you?
Choosing a ready-made investment fund is a quick, easy and affordable way to start investing. It takes a lot less time and experience than making your own investment portfolio from scratch, and it’s cheaper than having someone personally manage one for you. At Zopa, we offer two ready-made funds: Balanced and Bold. All you need to do is pick the one that suits you and the risk level you’re looking for. Here’s more information to help you choose.
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