Zopa Bank is making a bold statement in London by showcasing a large box filled with 10,240 biscuits, drawing attention to its interest-earning Biscuit current account. This initiative aims to encourage potential customers to explore the financial benefits of their accounts, highlighting that the biscuits symbolize the £256 customers could earn annually through cashback and interest by switching to Zopa.
This promotion comes at a pivotal moment as Santander prepares to discontinue its popular 123 Lite account. Research by Zopa indicates that over half (51%) of respondents are unaware of this account closure. Once a dominant force in the market, Santander’s 123 account has seen its value significantly diminish. Starting from August 21st, customers of 123 Lite will transition to the Everyday account, which offers no interest on balances, minimal cashback, and only £65 in annual value.
In stark contrast, Zopa’s Biscuit account provides a far more attractive offer, delivering close to four times the return (£256) through a combination of 2.00% cashback on bills, 2.00% interest on balances, and a 7.1% AER for monthly deposits up to £300.
Launched publicly in June 2025 after a successful beta phase, Zopa’s Biscuit account has quickly attracted 100,000 customers. Merve Ferrero, Chief Strategy Officer at Zopa Bank, emphasizes the bank’s mission: “We recognize that many UK consumers remain with their banks out of habit, often without receiving any rewards. At Zopa, we’re committed to changing this by offering the UK’s best free current account for everyday value, blending the security of a fully regulated bank with the convenience and benefits expected from a modern digital service.”