Is it safe? / Zopa
Is Zopa safe?
Yes — Zopa is FSCS-protected. Deposits up to £120,000 per person (£240,000 for joint accounts) are covered under the Zopa Bank Ltd banking licence (Zopa Bank Ltd).
Protection
FSCS to £120,000
Licence holder
Zopa Bank Ltd
Parent company
Zopa Bank Ltd
Zopa's current savings rates
- Limited Access pot4.56% AER
From the daily rates scrape. Compare every provider →
Worth knowing
FSCS also covers temporary high balances (house sale, inheritance) up to £1.4m for six months (raised December 2025). Compensation is automatic if a firm fails — typically paid within seven days.