About this product
Zopa savings are managed in the app using pots with different access rules. Easy Access pots allow withdrawals at any time. Limited Access pots reduce the interest rate after a fourth withdrawal in 12 months, until the next pot anniversary. Boosted pots require 7, 31 or 95 days notice. Fixed Term pots lock money away for the chosen term, with no early withdrawals. Check current pot availability and terms directly with Zopa.
Advantages
- Multiple pots with different access terms
- Managed entirely in-app
Things to consider
- Boosted pots require the full notice period before access
- Limited Access pots pay a lower rate after more than three withdrawals in 12 months, until the next pot anniversary
- Fixed Term pots do not allow early withdrawals
- Easy-access and notice rates are variable
Regulation and protection
Authorised by the Prudential Regulation Authority and regulated by the FCA and PRA. Eligible deposits are protected by the FSCS up to £120,000 per eligible person, per authorised firm. Accounts sharing a banking licence share this limit.