{"id":14619,"date":"2025-06-26T01:16:27","date_gmt":"2025-06-26T01:16:27","guid":{"rendered":"https:\/\/lotayamedia.xyz\/?p=14619"},"modified":"2025-06-26T01:16:27","modified_gmt":"2025-06-26T01:16:27","slug":"zopa-launches-biscuit-current-account-with-2-cashback-7-1-regular-saver-is-it-worth-it","status":"publish","type":"post","link":"https:\/\/lotayamedia.xyz\/?p=14619","title":{"rendered":"Zopa Launches Biscuit Current Account with 2% Cashback & 7.1% Regular Saver \u2013 Is It Worth It?"},"content":{"rendered":"

Zopa has officially launched its new Biscuit current account, offering 2% cashback on bills and a market-leading 7.1% regular saver\u2014but does it live up to the hype?<\/strong><\/p>\n

Zopa Biscuit Current Account: Key Features<\/strong><\/h2>\n

The\u00a0digital-only account<\/strong>\u00a0is free to open and managed entirely via the Zopa app. Here\u2019s what\u2019s on offer:<\/p>\n

\u2714\u00a02% cashback on direct debits<\/strong>\u00a0(capped at \u00a31,500\/year = max \u00a330\/year)
\n\u2714\u00a07.1% variable-rate regular saver<\/strong>\u00a0(up to \u00a3300\/month, potential \u00a3137\/year)
\n\u2714\u00a0No fees for spending abroad<\/strong>
\n\u2714\u00a0Interest on balances<\/strong>\u00a0(though rates are low compared to top savings accounts)<\/p>\n

How Does the Cashback Compare?<\/strong><\/h3>\n

While\u00a02% cashback<\/strong>\u00a0sounds appealing, the\u00a0\u00a330\/year cap<\/strong>\u00a0makes it far less competitive than alternatives:<\/p>\n

    \n
  • \n

    Chase UK<\/strong>\u00a0\u2013 Still offers uncapped 1% cashback on everyday spending.<\/p>\n<\/li>\n

  • \n

    Trading 212 debit card<\/strong>\u00a0\u2013 1% cashback with no direct debit restrictions.<\/p>\n<\/li>\n

  • \n

    Santander Edge<\/strong>\u00a0\u2013 Discontinuing its 1% cashback offer in September.<\/p>\n<\/li>\n<\/ul>\n

    The Big Draw: 7.1% Regular Saver<\/strong><\/h3>\n

    The\u00a0standout feature<\/strong>\u00a0is the\u00a07.1% variable-rate savings account<\/strong>, currently the\u00a0best 1-year regular saver<\/strong>\u00a0available.<\/p>\n

      \n
    • \n

      Save up to \u00a3300\/month<\/strong>\u00a0(\u00a33,600\/year).<\/p>\n<\/li>\n

    • \n

      Potential \u00a3137 interest<\/strong>\u00a0(if the rate stays unchanged).<\/p>\n<\/li>\n<\/ul>\n

      How it compares to rivals:<\/strong><\/p>\n

      \n\n\n\n\n\n\n\n\n
      Provider<\/strong><\/th>\nRate<\/strong><\/th>\nTerm<\/strong><\/th>\nMonthly Limit<\/strong><\/th>\n<\/tr>\n<\/thead>\n
      Zopa<\/td>\n7.1% (variable)<\/td>\n1 year<\/td>\n\u00a3300<\/td>\n<\/tr>\n
      First Direct<\/td>\n7% (fixed)<\/td>\n1 year<\/td>\n\u00a3300<\/td>\n<\/tr>\n
      Co-op Bank<\/td>\n7% (variable)<\/td>\n1 year<\/td>\n\u00a3250<\/td>\n<\/tr>\n
      Principality<\/td>\n7.5% (fixed)<\/td>\n6 months<\/td>\n\u00a3250<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

      Best alternative?<\/strong>\u00a0First Direct\u2019s\u00a0fixed 7% rate<\/strong>\u00a0may be safer than Zopa\u2019s variable offer.<\/p>\n

      Verdict: Should You Switch?<\/strong><\/h2>\n

      \u2705\u00a0Good for:<\/strong>\u00a0Savers wanting a\u00a0high-yield regular saver<\/strong>\u00a0and minimal foreign fees.
      \n\u274c\u00a0Not the best for:<\/strong>\u00a0Cashback seekers (due to the low cap) or those wanting top-tier interest on balances.<\/p>\n

      Final thought:<\/strong>\u00a0While Zopa\u2019s\u00a07.1% saver is compelling<\/strong>, the cashback is underwhelming. If you\u2019re after\u00a0better rewards<\/strong>, Chase or Trading 212 may be smarter choices.<\/p>\n","protected":false},"excerpt":{"rendered":"

      Zopa has officially launched its new Biscuit current account, offering 2% cashback on bills and a market-leading 7.1% regular saver\u2014but …<\/p>\n","protected":false},"author":1,"featured_media":14620,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rank_math_title":"","rank_math_description":"","rank_math_focus_keyword":"","rank_math_keywords":"","footnotes":""},"categories":[16],"tags":[],"class_list":["post-14619","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=\/wp\/v2\/posts\/14619","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14619"}],"version-history":[{"count":1,"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=\/wp\/v2\/posts\/14619\/revisions"}],"predecessor-version":[{"id":14621,"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=\/wp\/v2\/posts\/14619\/revisions\/14621"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=\/wp\/v2\/media\/14620"}],"wp:attachment":[{"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}