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Zopa Savings Review

This article was last updated:

Everything you need to know before you open a savings account with Zopa!

The experts say:

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Originally a peer-to-peer lender, Zopa launched a bank in 2020, allowing it to offer a wider range of products, including fixed term savings accounts. Now, Zopa has some of the most impressive savings accounts on the market. With a Which? Customer score of 85% and a Which? Product score of 72%, Zopa is recommended by Which? and ranks number one out of 30 savings account providers. It's hard to beat this kind of offering - Zopa's savings accounts look like a great choice, particularly for people who like managing their money through a mobile app.

What Zopa customers are saying right now:

The Good

  • 🤩 Quick and easy application process
  • 🤩 Helpful and supportive team members
  • 🤩 Jargon was explained
  • 🤩 Flexibility to overpay and save money
  • ✅ Stress-free repayment experience

The Bad

  • 😡 Very bad communication, with customers not being able to reach anyone at the main office easily.
  • 😠 Complaints Officer not understanding Consumer Rights Act 2015.
  • 😔 Trapped and stuck after signing up for a balance transfer card.
Read more customer reviews of Zopa

Zopa customer reviews summary

Most customer reviews for Zopa focus on their performance as a lender. In this capacity, Zopa seems an excellent choice for anyone looking to take out a loan or get a balance transfer card. The application process is simple and straightforward, with clear, jargon-free explanations and a great app for tracking payment schedules. Customers have reported stellar communication from the team, as well as the option to overpay and reduce interest rates. Many customers have praised Zopa for their helpfulness and professionalism, though some have complained of poor communication when dealing with complaints. Overall, Zopa offers an efficient and reliable service and scores 8/10.

Is Zopa one of this year's Top 10 savings account providers?