Fixed Term Savings are now in the app

Fixed Term Savings have moved to our simple and secure app, alongside our range of other savings pots.

Rates are the same, and you can save anything from £1 up to £250,000. Plus, your money will still benefit from FSCS protection.

It takes as little as 5 minutes to download the app, set up a savings account, open a pot and start saving. You can use the same login details as you do on our website.

Download the Zopa app to open a Fixed Term pot.

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Continue saving in the app

Start saving in minutes
Download the app, login with your existing details and start saving in as little as 5 minutes.

No rate changes, just a new home
Enjoy the same great savings rates you already know and love, straight from your mobile.

Extra time, extra interest
You'll now get 30 days to pay in before your fixed term starts, but we’ll start calculating your interest from day one — so you gain a full month of extra interest.

Screen showing different types of savings accounts available

Track your savings 24/7
Check your balance and monitor your interest anytime, anywhere with the Zopa app.

Flexible savings to suit you
From easy access to fixed term, choose from a range of savings pots, all under one roof.

Continue earning after maturity
When your fixed term ends, your money will move to an Access Pot — so you'll continue earning a competitive rate automatically.

Here's what you can earn

Access pots

AER*

Gross**

Access money

3.50%

3.44%

Anytime

Boosted pots

3.58%

3.52%

7 days' notice

3.70%

3.63%

31 days' notice

4.00%

3.92%

95 days' notice

Fixed Term pots

4.25%

4.16%

1 year term

4.20%

4.12%

2 year term

4.10%

4.02%

3 year term

3.80%

3.73%

4 year term

3.80%

3.73%

5 year term

Access and Boosted pot rates are variable, which means they could change in the future. Fixed Term pot rates are fixed for the duration of your chosen term.

*AER stands for 'annual equivalent rate'. We pay you interest on a monthly basis, but AER shows you the rate you’d get if this monthly interest was compounded and paid once a year instead. We provide an AER to make it easier for you to compare our rates with other providers.

**We pay gross interest, which means nothing is deducted for tax.

The interest rates on Boosted pots are tied to the Bank of England base rate. If the base rate changes, your Boosted pot rates will change by the same amount.

Interest rates may change if we update them whilst you’re browsing.

Download our app to continue saving

How to continue saving

Download the Zopa app and log in using your existing details.
Go to the ‘Apply’ tab and open a Smart Saver account.
Log in to the Zopa website and move your money from your holding account into your new Smart Saver.
Go back to the app and choose a savings pot to put your money in.

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Your money's secure

Your eligible deposits, meaning the money you hold with Zopa, are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS), the UK's deposit guarantee scheme. Any money you hold above this limit is unlikely to be covered.

Please ask for further information or visit www.fscs.org.uk.

People often ask us

Smart Saver is an account that lets you split your savings across Access anytime, Boosted interest and Fixed Term pots, all managed within the Zopa app.

Getting started

You can start saving from as little as £1. To open a Smart Saver, download the Zopa app and head to the Smart Savings Hub.

How do Boosted pots work?

Boosted pots are a great way to set aside some of your money, earn extra interest and remove the temptation to spend your savings. Here’s everything you need to know:

1. When opening a Boosted pot, you’ll pick 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.

2. While your money is in a Boosted pot, it earns a higher interest rate. The longer notice period you give, the higher your interest rate.

3. When you want to access your savings from a Boosted pot, simply give notice via the Zopa app. When this notice period has ended, your Boosted pot will become an Access pot, which means you can withdraw from it at any time.

How do Access pots work?

Access pots work like regular easy access savings accounts. That means any money held in an Access pot is ready to withdraw at the drop of a hat — all without incurring any penalties or fees.

Withdrawals can be made from Access pots to any of your verified bank accounts via the Zopa app.

How do Fixed Term pots work?

Fixed Term pots are perfect for long-term goals. They let you lock your money away for a period of 1–5 years in return for a guaranteed interest rate — so you'll know exactly how much you'll earn at the end. Here's everything you need to know:

When opening a Fixed Term pot, you'll pick a term of 1, 2, 3, 4 or 5 years.
Any money you add to this pot will be locked away for your chosen term where it'll earn a fixed interest rate.
It's not possible to withdraw money from a Fixed Term pot early, so you should only add what you can afford to lock away.

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 three different ways to save, through our Boosted, Access and Fixed Term 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

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 than Access pots. 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 you can withdraw your savings from Access pots whenever you want.

Fixed Term pots

Designed to help you lock away money for long-term goals in return for a guaranteed interest rate — meaning you'll know exactly how much you'll earn at the end.
You choose a term of 1, 2, 3, 4 or 5 years and receive a fixed interest rate for the duration of your chosen term.
Once you've added money to a Fixed Term pot, you won't be able to withdraw it until your chosen term has ended, not even for a fee.

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 rate on Fixed Term pots is fixed, meaning your interest rate is guranteed for the duration of your chosen 1–5 year term.

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 a Smart ISA, where you can open Access and Fixed Term ISA pots and any interest you earn will be tax-free.