Zopa

Zopa was founded in 2005 as a peer-to-peer lending company.

In 2017 Zopa became fully regulated by the Financial Conduct Authority so it could offer more financial products. In 2018 Zopa was awarded a banking licence to offer even more financial products. 

In 2020 Zopa launched it's credit card, it also offers loans and savings accounts. 

Their headquarters are based in London, UK, and they have an office in Barcelona.



Zopa
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Gold ribbon: first place

Credit cards

Ranked 2nd of 34 providers reviewed.

Customer happiness score 66.45%
Customer trust score 69.08%
Complaints performance 68.76%
Transparency rating 75.87%
Fairer Finance score
Reviewed Autumn 2023
70%
Gold ribbon: first place

Personal loans

Ranked 8th of 27 providers reviewed.

Customer happiness score 66.46%
Customer trust score 52.48%
Complaints performance 68.76%
Transparency rating 69.14%
Fairer Finance score
Reviewed Autumn 2023
64%
Gold ribbon: first place

Savings Accounts

Ranked 14th of 53 providers reviewed.

Customer happiness score 77.08%
Customer trust score 69.27%
Complaints performance 68.76%
Transparency rating 64.7%
Fairer Finance score
Reviewed Autumn 2023
70%

Credit cards

Credit builder credit cards

Zopa

Credit Card

5 stars
Representative APR i 34.9%
Representative cash transaction interest rate i 2.526%
Representative purchase rate i 2.526%
Risk based? i
Initial minimum credit limit i £200.00
Statement Due Date Change Fee i £0.00
Representative balance transfer rate i

Foreign use credit cards

Zopa

Credit Card

3 stars
Foreign purchase fee i 0%
Foreign withdrawal fee i 0%
Representative APR i 34.9%
Number of days before interest is charged on non-sterling cash transactions i 0 days
Risk based? i
Representative purchase rate i 2.526%

Personal loans

Zopa

Personal Loan

Representative APR (on £5,000 loan, 36 month term) 22.9%
Unpaid Repayment Fee i £0.00
Early settlement fee (Days interest) 0 days
Available to new customers? i
Eligibility checker
Minimum borrowing amount £1,000.00
Maximum borrowing amount £25,000.00
Minimum borrowing length 12 months
Maximum borrowing length 84 months

Savings Accounts

1 Year Fixed Rate Accounts

Zopa

1 Year Fixed Term Savings

Interest Rate (AER) i 4.8%
Minimum Opening Balance i £1,000.00
What happens at maturity? i The provider will contact you before the account matures. If you don't instruct them the money will be paid into a variable rate account until you instruct them further or withdraw the funds.
Part of FSCS i
Maximum Balance i £250,000.00
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty i

2 Year Fixed Rate Accounts

Zopa

2 Year Fixed Term Savings

Interest Rate (AER) i 4.76%
Minimum Opening Balance i £1,000.00
What happens at maturity? i The provider will contact you before the account matures. If you don't instruct them the money will be paid into a variable rate account until you instruct them further or withdraw the funds.
Part of FSCS i
Maximum Balance i £250,000.00
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty i

3 Year Fixed Rate Accounts

Zopa

3 Year Fixed Term Savings

Interest Rate (AER) i 4.5%
Minimum Opening Balance i £1,000.00
What happens at maturity? i The provider will contact you before the account matures. If you don't instruct them the money will be paid into a variable rate account until you instruct them further or withdraw the funds.
Part of FSCS i
Maximum Balance i £250,000.00
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty (days) i

4 Year Fixed Rate Accounts

Zopa

4 Year Fixed Term Savings

Interest Rate (AER) i 4.3%
Minimum Opening Balance i £1,000.00
What happens at maturity? i The provider will contact you before the account matures. If you don't instruct them the money will be paid into a variable rate account until you instruct them further or withdraw the funds.
Part of FSCS i
Maximum Balance i £250,000.00
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty i

5 Year Fixed Rate Accounts

Zopa

5 Year Fixed Term Savings

Interest Rate (AER) i 4.3%
Minimum Opening Balance i £1,000.00
What happens at maturity? i The provider will contact you before the account matures. If you don't instruct them the money will be paid into a variable rate account until you instruct them further or withdraw the funds.
Part of FSCS i
Maximum Balance i £250,000.00
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty i

Easy Access Accounts

Zopa

Smart Saver

Interest Rate (AER) i 4.54%
Minimum Opening Balance i £0.00
Maximum Balance i £250,000.00
Part of FSCS i
Withdrawal Penalty i
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Penalty free withdrawals? i
Additional Information i There is an option to create Savings Pots.

Savings Accounts (ISAs)

1 Year Fixed Rate ISAs

Zopa

Smart ISA - 1 Year Fixed Term ISA pot

Interest Rate (AER) i 4.9%
Minimum Opening Balance i £1.00
What happens at maturity? i The provider will contact you before the account matures. If you don't instruct them the money will be paid into your linked account.
Part of FSCS i
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i Must have or open a Smart Saver via Smart Savings Hub
Can you make early withdrawals? i
Withdrawal Penalty (days) i Earlier access on closure only and incurs a 90 day loss of interest.
Can you transfer in funds from another cash ISA? i
Can you transfer in funds from a stocks and shares ISA? i

2 Year Fixed Rate ISAs

Zopa

Smart ISA - 2 Year Fixed Term ISA pot

Interest Rate (AER) i 4.67%
Minimum Opening Balance i £1.00
What happens at maturity? i The provider will contact you before the account matures. If you don't instruct them the money will be paid into your linked account.
Part of FSCS i
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i Must have or open a Smart Saver via Smart Savings Hub
Can you make early withdrawals? i
Withdrawal Penalty (days) i Earlier access on closure only and incurs a 180 day loss of interest.
Can you transfer in funds from another cash ISA? i
Can you transfer in funds from a stocks and shares ISA? i

3 Year Fixed Rate ISAs

Zopa

Smart ISA - 3 Year Fixed Term ISA pot

Interest Rate (AER) i 4.21%
Minimum Opening Balance i £1.00
What happens at maturity? i The provider will contact you before the account matures. If you don't instruct them the money will be paid into your linked account.
Part of FSCS i
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i Must have or open a Smart Saver via Smart Savings Hub
Can you make early withdrawals? i
Withdrawal Penalty (days) i Earlier access on closure only and incurs a 270 day loss of interest.
Can you transfer in funds from another cash ISA? i
Can you transfer in funds from a stocks and shares ISA? i

4 Year Fixed Rate ISAs

Zopa

Smart ISA - 4 Year Fixed Term ISA pot

Interest Rate (AER) i 4.01%
Minimum Opening Balance i £1.00
What happens at maturity? i The provider will contact you before the account matures. If you don't instruct them the money will be paid into your linked account.
Part of FSCS i
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i Must have or open a Smart Saver via Smart Savings Hub
Can you make early withdrawals? i
Withdrawal Penalty (days) i Earlier access on closure only and incurs a 320 day loss of interest.
Can you transfer in funds from another cash ISA? i
Can you transfer in funds from a stocks and shares ISA? i

5 Year Fixed Rate ISAs

Zopa

Smart ISA - 5 Year Fixed Term ISA pot

Interest Rate (AER) i 4.01%
Minimum Opening Balance i £1.00
What happens at maturity? i The provider will contact you before the account matures. If you don't instruct them the money will be paid into your linked account.
Part of FSCS i
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i Must have or open a Smart Saver via Smart Savings Hub
Can you make early withdrawals? i
Withdrawal Penalty (days) i Earlier access on closure only and incurs a 365 day loss of interest.
Can you transfer in funds from another cash ISA? i
Can you transfer in funds from a stocks and shares ISA? i

Easy Access ISAs

Zopa

Smart ISA - Access ISA pot

Interest Rate (AER) i 5.08%
Minimum Opening Balance i £1.00
Part of FSCS i
Withdrawal Penalty i Via nominated account.
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i Must have or open a Smart Saver via Smart Savings Hub
Penalty free withdrawals? i
Can you transfer in funds from another cash ISA? i
Can you transfer in funds from a stocks and shares ISA? i