Biscuit Bank Account Review 2026: Is It Worth It?

Last updated: 9 June 2026

By Stiv · Design, technology and personal finance

This is an opinion piece. Views expressed are the author's own and do not constitute professional advice.

Cool Factor: 4/5

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Thinking of opening Biscuit?

The refer-a-friend bonus has ended, but our Zopa Biscuit referral page always carries whatever offer is currently running, plus the sign-up steps.

Open a Zopa Biscuit account

This Biscuit bank account review takes a look at Zopa's free current account after months of real-world use. With 2% interest on balances, 2% cashback on bills and access to one of the UK's best regular savers at 7.10% AER, it promises a lot for a no-fee account. But does it actually deliver? We break down what works, what falls short and whether it deserves a spot on your phone in 2026.

What is the Biscuit bank account?

Biscuit is Zopa's first current account, launched in mid-2025 and built entirely around the Zopa app. Think of it as a digital-only alternative to Monzo or Starling, but with a heavier focus on earning returns rather than budgeting tools. There are no monthly fees, no hard credit checks to open it, and the whole sign-up takes about five minutes.

The headline perks include 2% AER (1.98% gross, variable) interest on your current account balance, 2% cashback on up to £125 of Direct Debits per month (maximum £30 per year), and a linked Regular Saver pot paying 7.10% AER (6.87% gross, variable) on deposits of up to £300 a month for a six-month term. You also get fee-free card spending abroad at the real Visa exchange rate. Zopa Bank Limited is authorised by the Prudential Regulation Authority and regulated by the FCA (firm reference number 800542, FCA register). Eligible deposits are protected up to £120,000 per eligible person per UK-authorised bank, building society or credit union by the FSCS (since 1 December 2025) with Zopa Bank Limited. Sources: Zopa; Zopa Regular Saver.

The Zopa Biscuit refer-a-friend offer has ended. No active referral bonus is currently running. Check the Zopa Biscuit referral page for any current offer. T&Cs apply.

First impressions of Biscuit

Opening the account is painless. You download the Zopa app, answer a few standard questions, snap a photo of your ID and take a selfie. Importantly, Zopa runs only a soft credit search, so it will not affect your credit score. Within minutes, your account is live and you can start setting up Direct Debits and savings pots.

The app itself feels clean and minimal. It lacks the social features and spending breakdowns that Monzo users love, but it makes up for that with straightforward access to savings tools. If you prefer simplicity over bells and whistles, you will probably appreciate the approach.

Biscuit bank account review: the detail

The standout feature is the 7.10% AER Regular Saver. At the time of writing, this remains one of the highest linked regular saver rates available in the UK, as recognised by both MoneySavingExpert and Which?. You can deposit up to £300 a month, and unusually, you can withdraw and replace funds within the same monthly cycle without losing the rate. Each pot runs for a six-month term, after which your balance rolls into an Access pot at a lower rate. You can then open a fresh Regular Saver and start again. Source: Zopa.

The 2% interest on your main balance is also solid for a current account. Most high-street banks pay little or nothing, so earning interest on money that would otherwise sit idle is a genuine plus. However, this rate only holds for 12 months. After that, it becomes variable. Source: Zopa.

Cashback is the weakest part of the package. You earn 2% back on Direct Debits, but only on up to £125 of payments per month, meaning a maximum of £30 per year. All Direct Debits count (not only household bills), yet £30 annually is modest. If you pay significant bills, a paid account like Santander Edge could return more through its own cashback scheme.

Abroad spending is fee-free on card payments at the real Visa exchange rate. ATM withdrawal fees may apply when using your card abroad.

Value for money

Zopa estimates that Biscuit can earn you up to £192 per year, based on an average UK current account balance of £4,460, two consecutive six-month Regular Saver pots at £300 per month, and hitting the full Direct Debit cap of £125 per month. In practice, most people will earn less depending on their balance and how many Direct Debits they move across. Source: Zopa's methodology.

Either way, that is impressive for a completely free account. By comparison, the Chase current account offers 2% cashback on eligible spending categories (capped at £20 per month, with monthly qualification criteria from June 2026) but no interest on your main balance, while Monzo's standard account pays nothing on your main balance at all. If you want a head-to-head, our Biscuit vs Chase comparison goes deeper.

What holds it back

First, Zopa still does not fully support the Current Account Switch Service (CASS). That means you will need to move Direct Debits over manually, which is a hassle. Second, this is a digital-only account with no cash or cheque deposits. If you regularly handle physical money, Biscuit cannot be your primary bank. Finally, after the initial 12-month period, the interest rate becomes variable and could drop.

The verdict

Cool Factor

★★★★☆

4 out of 5

Biscuit works well as a secondary 'satellite' account alongside your main bank. One approach is to use it for Direct Debits to earn the cashback and top up the Regular Saver monthly for the 7.10% rate, and let any spare cash earn 2% interest in the meantime. It is not trying to replace Monzo or Starling as an all-in-one banking app, and that is fine. It knows what it does well and delivers on it.

Ready to give it a try? The refer-a-friend bonus has ended, but you can check the link below for any current offer. T&Cs apply.

Open a Zopa Biscuit account

Overall, this is a solid 4/5. The combination of a market-leading 7.10% AER regular saver, genuine interest on balances and fee-free foreign spending makes Biscuit one of the most rewarding free accounts available in the UK right now. It did not quite reach a full five because the £30 cashback cap feels modest, the lack of CASS switching is an annoyance, and the long-term rate picture remains uncertain once the 12-month period ends. Even so, for a free account that takes five minutes to open, it punches well above its weight.

Biscuit bank account review: FAQs

Is the Biscuit bank account safe?

Yes. Zopa Bank Limited is authorised by the PRA and regulated by the FCA. Eligible deposits are protected up to £120,000 per eligible person per UK-authorised bank, building society or credit union by the FSCS (since 1 December 2025). You can verify Zopa Bank Limited's registration on the FCA register (FRN 800542).

Can I use the Current Account Switch Service?

Not fully. As of June 2026, Zopa does not support CASS, so you will need to set up Direct Debits manually if you want to earn the cashback perk.

How much can I realistically earn with Biscuit?

Zopa's own estimate puts the figure at up to £192 per year based on average balances and a full £125 monthly Direct Debit cap. For most people, a figure between £100 and £160 is more realistic, depending on how much you save and how many Direct Debits you move across.

Does opening Biscuit affect my credit score?

No. Zopa performs a soft credit search only, which does not appear on your credit file or affect your score.

Can I deposit cash or cheques?

No. Biscuit is entirely digital. If you regularly handle physical money, you will need to keep another account for that purpose.

What happens to the Regular Saver after six months?

Your balance moves into an Access pot at a lower variable rate. You can then open a new Regular Saver pot and start depositing again at 7.10% AER, subject to the rate remaining available.

How does Biscuit compare to Monzo?

Biscuit wins on savings returns, while Monzo excels at budgeting tools and spending insights. We cover this in detail in our Monzo vs Biscuit comparison.

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This article is for information only and does not constitute financial advice. Always check the latest rates, terms and eligibility directly with Zopa before applying. Rates and offers mentioned are correct at the time of writing but may change. CoolCuration may earn a referral reward if you open an account using links on this page, which helps support the site at no extra cost to you.

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