What is a Fixed Term Savings Account?

Updated 4 months ago

With a Fixed Term Savings account, everything is 'fixed' –you commit your money for a fixed period of time and get a fixed rate of interest. With the Zopa Fixed Term Savings account you can save from 1 to 5 years.

Money you save with Zopa is safe as it’s protected by the Financial Services Compensation Scheme (FSCS) up to a total of £85,000 across all your savings accounts with us.

The most important thing to remember about this type of savings account is that you cannot access your money until the end of the agreed term, so you should only consider saving an amount that you know you won’t need until your term is up.

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