Fixed term savings from Zopa
Lock in a guaranteed rate – and stay in control of your interest. Fixed term pots are ideal for long-term goals and to avoid dipping into your savings.
Open a fixed term savings account in minutes
Download the Zopa app today to lock in a guaranteed interest rate. No paperwork. No hassle. Just a few taps and you’re sorted.
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See what you can earn with our fixed term savings accounts
Check how much your money could grow with a fixed rate you can rely on.
| Fixed term | Rate (fixed) | How much interest you’d earn on a £10,000 deposit |
|---|---|---|
6 months | 4.16% AER* (4.08% gross**) | £416 |
1 year | 4.30% AER* (4.21% gross**) | £430 |
2 years | 4.16% AER* (4.08% gross**) | £416 |
3 years | 4.00% AER* (3.92% gross**) | £400 |
4 years | 3.80% AER* (3.73% gross**) | £380 |
5 years | 3.80% AER* (3.73% gross**) | £380 |
Rates accurate as of 10 April 2026 | View our historic rates.
For tax-free interest, explore our fixed term Cash ISA.
*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.
What are fixed term savings accounts?
Fixed term savings – sometimes called fixed rate savings or fixed rate bonds – let you lock away a lump sum for between 6 months and 5 years. In return, you get a guaranteed rate – so you know exactly how much interest you’ll earn.
They’re ideal if you want to:
• Set money aside to avoid dipping into it.
• Plan ahead with certainty.
• Earn a higher rate than easy access savings (typically).
Good to know: you won’t be able to withdraw your money early, so only save what you can afford to lock away.
Need easy access to your savings?
If you think you might need your savings in the short term, our easy access savings accounts could be a better fit. They let you get to your money whenever you need it – while still earning a great rate in the meantime.
Explore easy access savingsHow do fixed term savings work?
Choose your term
Pick how long you want to lock your money away for – 6 months to 5 years.
Add your money
You have 30 days to add money – you'll start earning interest from day one.
Grow your savings
Earn a guaranteed rate, with interest paid monthly or compounded – your choice!
Fixed term savings, with flexibility built in
With Zopa, you decide what happens to your interest each month:
Let it grow – keep your interest in your Fixed Term pot and benefit from compounding.
Or take it as you go – have your interest paid into an easy access pot, ready to spend or save elsewhere.
So whether you’re maximising growth or want a little extra income each month, you’re in control.
What happens when the term ends?
When your fixed term ends, you’re free to choose what’s next.
• Re-save into a new fixed term pot and lock in a new rate.
• Move your money into an easy access pot, ready whenever you need it.
We’ll give you a heads-up before your term ends, so you’ll have plenty of time to decide.
Prefer saving tax-free?
To give your savings a tax-free boost, consider our fixed term ISA pots.
You can lock your money away for between 1 and 5 years to earn a guaranteed interest rate – and you won’t have to pay UK income tax on a penny.
Keep in mind, tax treatment depends on your individual circumstances and could change.
Explore fixed term ISAs
Got a big lump sum?
Holding cash for a rainy day is great for short-term security. But if you’ve got a large amount just sitting there, investing might help you make more of your money.
Over the long term (5+ years), investments have generally outperformed savings. But they can go up and down, so you could get back less than you put in.
Explore investing
Our savings get the seal of approval
Personal Savings Provider of the Year – MoneyNet 2024 & 2025
Best Savings App – MoneyNet 2026
Best App Based Savings Provider – Money Comms 2024
Zopa Bank is trusted by over 1.5 million customers
Whether it’s saving, borrowing, or everyday banking, our customers trust us to make money simple, rewarding and stress-free.
Your money’s protected
Zopa's covered by the Financial Services Compensation Scheme (FSCS). This means your eligible deposits, which includes any money held in a Zopa bank account or savings account, are protected up to £120,000.
To learn more, visit fscs.org.uk.
Lock in a guaranteed rate today
Download the Zopa app and open a fixed term savings pot in minutes.