Biscuit – the current account that pays you interest and cashback

Yes. There's no legal limit on how many current accounts you can hold, and you can open a Biscuit current account from Zopa alongside any accounts you already have elsewhere.

Opening a Biscuit account doesn't affect your other accounts. Applying only involves a soft credit check, which doesn't affect your credit score – see Will opening an account require a credit check? for details.

To open an account, you'll just need to meet our eligibility criteria – see Am I eligible to open a Biscuit bank account?

Biscuit is designed for people who want a rewarding, app-based current account where you choose the benefit that matters most to you.

When you open your account, you can pick one benefit which you can switch every month:

• Boosted interest on your bank balance

• 3% cashback on up to £150 of Direct Debits each month

• 3% cashback when you eat out, on up to £150 a month

On top of your chosen benefit, you'll always get 1% AER* (1% gross**) variable interest on your Biscuit balance, a free coffee from Caffè Nero every month, and fee-free spending abroad – so it's a good fit if you want a current account that adapts to you, rather than the same fixed perks for everyone.

It may not be right for you if you need branch access or regularly pay in cash – Biscuit is a digital-only account, so you can pay in by bank transfer but not cash. A joint account option isn't available right now, though it's something we may offer in future.

To apply, you'll need to be 18 or over, a UK resident, and not a US citizen.

*AER stands for ‘annual equivalent rate’. We pay you interest on a monthly basis, but AER shows you the rate you’d get if this monthly interest was compounded and paid once a year instead. We provide an AER to make it easier for you to compare our rates with other providers.

**We pay gross interest, which means nothing is deducted for tax.

You can switch to Biscuit by manually transferring your Direct Debits, standing orders, and salary details via the Zopa app – the process takes just a few minutes. Biscuit is not currently part of the official Current Account Switch Service (CASS), so the switch is not fully automated, but the in-app guide walks you through each step. We recommend letting your employer know about new account details and updating any regular payment arrangements. 

Learn how to set up and manage a Direct Debit on a Biscuit account.

Interest earned on a current account is taxable income in the UK, but most people won't pay tax on it thanks to the Personal Savings Allowance (PSA) – £1,000 per year for basic rate taxpayers and £500 for higher rate taxpayers. At current Biscuit rates, you would need a very large balance to exceed the PSA from your current account alone. Interest from any pots connected to your current account counts towards the same allowance. We recommend checking HMRC guidance for your personal situation.