The warm, gooey centre in a cheese toastie

Latest target returns

4.5%

ISA Core

5.2%

ISA Plus

Good things happen in the middle. It’s the same for investing.

The middle is great. The warm, gooey centre of a cheese toastie. The Godfather Part II. Or the adrenaline that only comes from running around the middle of the pitch.

Our Innovative Finance ISA (IFISA) is nestled in the middle between low risk, low yielding cash ISAs and volatile, high return stocks and shares ISAs. Our IFISA offers a target return of 4.5% in ISA Core, and 5.2% in ISA Plus, meaning you get the returns you expect for a risk you're comfortable to take. What's more, you can transfer in from an existing ISA without impacting this year's allowance.

Is the middle starting to feel good yet?

Open your IFISA     Read more

What's the difference between ISA & IFISA?

An Individual Savings Account (ISA) allows a person to earn tax free interest on cash stocks and shares or other investments. Each year, you can save up to the tax-free allowance limit, and you can also build up your ISA balance over the years.

In 2017 we launched our Innovative Finance ISA (IFISA), which is an ISA where your money is invested into Zopa peer-to-peer loans.

Our peer-to-peer lending model means we directly match people looking for a low rate loan with investors looking for a higher rate of return.

Returns at Zopa are significantly higher than a bank savings account because you lend directly to borrowers, cutting out the costs of running a bank and the typical bank margin between savings and personal loan rates.

When you invest in our IFISA – just like our non-ISA investments – you invest in the same types of personal loans to the same types of borrowers. The IFISA gets its own section in your online account, with its own holding account and product(s) table.

However, you need to know that your money is not guaranteed by the Financial Services Compensation Scheme, and your capital is at risk.

  • 9.7/10
    Trustpilot
    Trustpilot

  • 14 years of
    experience

  • Largest non-high street lender on MoneySuperMarket

  • 57k active retail
    investors

  • 2018 Winner of the British Bank Awards

Competitive rates

Our latest 'Just right' market rates for our IFISA are 4.5% in ISA Core, or 5.2% in ISA Plus (after fees and expected defaults).

Open or transfer in to an IFISA today and see how rewarding the middle could be with the FeelGood Money™ company.

When you invest your money, your capital is at risk and is not protected by the Financial Services Compensation Scheme (FSCS). Tax treatment depends on individual circumstances and may be subject to change in the future. Our risk statement has all the details.

Meet us in the middle

High reward but high risk. Low risk but low returns. Doesn't it feel like these are your only ISA options sometimes?

Our IFISA product offers you the returns you expect for a risk you're comfortable taking, with a tracked returns rate for the life of your investment.

Plus you can transfer in from an existing ISA without impacting this year's allowance.

Individual tax allowances may vary

More about flexible ISAs    Transfer in from an existing ISA

How many ISAs can I have?

Current year: You can split your tax-free allowance across multiple ISA-types per tax year. Just like cash and stocks and shares ISAs, you can only have one current year IFISA at a time.

Previous years: There's no limit on the number of ISAs you can have for your previous years ISA balances. You can transfer some or all of your previous ISA balance to a new provider. Be sure to check if your current provider imposes any penalties on this kind of activity, and always use the ISA transfer process to keep your funds' tax-free earnings status.

For more information visit HMRC's ISA FAQs

Feel good about your IFISA

There are no nasty surprises with our IFISA. Year after year, you'll earn tax-free interest at our latest market rates. And the same goes for any previous years' ISAs you decide to transfer to us from other providers.

When you invest your money, your capital is at risk and is not protected by the Financial Services Compensation Scheme (FSCS). Tax treatment depends on individual circumstances and may be subject to change in the future. Our risk statement has all the details.

You'll need to open a Zopa account (if you don't already have one) before proceeding.

We're here to help

Since 2005, more than 76,000 investors and institutions have lent over £3.92bn with us.

Monday to Thursday (8am to 8pm), and Friday (8am to 5pm).

Email: contactus@zopa.com

Telephone: 020 7291 8331

UK residents only. Calls may be monitored or recorded.