What’s a Regular Saver pot and how do I open one?

A Regular Saver pot is a savings pot that’s exclusive to customers with a Biscuit bank account. It lives in the ‘Save & Invest’ tab and encourages healthy savings habits by offering a higher interest rate on deposits of up to £300 a month. 

You can check the rate you're earning at any time in the Zopa app. Interest is calculated daily and paid into your pot once a month. As your balance increases each month, your interest payments will too. 

Unless we've told you otherwise, your Regular Saver pot will have a 6-month term. When this term ends, your money will be moved to an Easy Access pot where it'll earn the interest rate available on Easy Access pots at that time. You can then open a new 6-month Regular Saver pot, if it's available at the time. 

Am I eligible to open a Regular Saver pot?

• To open a Regular Saver pot, you'll need to: 

• Be aged 18 or over. 

• Be a UK resident and only have tax residency in the UK (which excludes the Channel Islands and the Isle of Man).

• Have a Biscuit bank account.

• Have a Zopa savings account.

How do I open a Regular Saver pot?

The fastest way to open a Regular Saver pot is using the ‘Ask’ tab. You’ll need to have a Biscuit bank account and Zopa savings account first.

1.     If you’d prefer to open a pot manually, simply: Open the Zopa app and head to the ‘Save & Invest’ tab.  

2.     Tap the ‘Open a pot’ button at the top of the screen.

3.     Tap  Regular Saver pot.

4.     Follow the instructions on your screen to finish opening it and adding money.

Is there a minimum deposit required to open a Regular Saver pot?

There’s no minimum deposit to open a Regular Saver pot, however, you need to have a Biscuit bank account and a savings account with us first, which requires a minimum deposit of £1. 

Can I have more than one Regular Saver?

With Zopa, you can only have one Regular Saver pot. However, you can open up to 20 savings pots.

Create personalised pots for your different goals, whether that's a summer holiday, house deposit or emergency fund, to keep your savings organised and easy to manage. 

Is the rate guaranteed?

Unless we've told you otherwise, the rate you'll earn on your Regular Saver pot is variable, which means it could go up or down. We usually review it when the Bank of England base rate changes, and we’ll always let our customers know if we make any updates.