Biscuit – the current account that pays you interest and cashback

A current account is a personal bank account designed for everyday money management – receiving your salary, paying bills, setting up direct debits and standing orders, and making purchases with a debit card. Unlike savings accounts, current accounts are built for regular use with no restrictions on transactions. Biscuit is Zopa Bank's free UK current account, offering interest on your balance, cashback on direct debits, and access to a high interest Regular Saver pot.

Learn more about the different types of current accounts.

Yes, you can hold multiple current accounts with different banks at the same time. There’s no legal limit on how many you can have. Many people use more than one account for different purposes, such as a main account for salary and bills and a separate account for spending. You can open a Biscuit current account from Zopa Bank alongside any accounts you already hold.

No. When you apply for a Zopa current account, we’ll run a soft search on your credit file to help verify your identity. As a bank, we also provide regular Current Account Turnover (CATO) reporting to credit reference agencies — this is a summary of the money paid into your account, which helps financial institutions make more informed decisions around lending and affordability.

But don’t worry, neither of these have an impact on your credit score.

Biscuit is designed for people who want a rewarding, app-based current account. It's a good fit if you want to earn interest on your balance, get cashback on Direct Debits, and spend abroad with no fees. 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 at the moment. To apply, you'll need to be 18 or over, a UK resident, and not a US citizen.

Learn more about who is eligible for a current account.

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.

Biscuit pays 2% AER variable interest* on your full everyday balance with no upper limit on earnings, making it one of the most competitive free UK current accounts available. The 7.10% AER Regular Saver is highly rated by MoneySavingExpert – rates are variable and the market changes frequently, so it's worth comparing before you decide.

* 2% AER subject to change.

Yes, you can open a Biscuit current account entirely online via the Zopa app, with no branch visit or paperwork required. The application takes as little as 5 minutes. You’ll need a smartphone, a valid photo ID (passport, driving licence, or national ID card), and to be a UK resident aged 18 or over. Here's a guide to what you need and what to expect when opening a UK bank account.

A current account gives you a central hub for your everyday finances – receive your salary via BACS or Faster Payments, set up direct debits and standing orders for bills, and spend with a debit card wherever you need to. Eligible deposits are FSCS-protected. Unlike savings accounts, there are no restrictions on how often you can transact. With Biscuit, you also earn interest on your balance and cashback on your Direct Debits. For a broader overview, read our guide to current accounts.

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 linked savings products like the Regular Saver counts towards the same allowance. We recommend checking HMRC guidance for your personal situation.