Zopa Launches TOP TABLE 5.01% Easy Access ISA, 22 Days Before Tax Deadline

Zopa’s Smart ISA account now includes: 

• NEW: Top table savings rate of 5.01% for easy access, the highest of a registered bank Inclusive of a 1.21% bonus rate, fixed for three months 
• NEW: Initiate a transfer-in directly in app in under 5 minutes, check progress with an easy-to-use tracker 
• NEW: Cancel your transfer if you change your mind 
• See all of Zopa’s Smart ISA rates here.   

The Zopa Smart ISA continues to offer all the market-leading features consumers love: 

• Open and hold multiple fixed or easy access ISA accounts within the same tax year 
• Complete a partial transfer-in from Cash ISA providers seamlessly 
• Flexible allowance: deposit and withdraw funds without impacting your £20,000 limit 
• Open up to 20 easy access or fixed-rate Pots  
• Manage your account on our intuitive mobile app 
• FSCS protection for balances up to £85,000 

Zopa’s award winning Smart ISA helps savers maximise their ISA allowance. Its popularity has helped to take Zopa’s savings deposits to over £5bn.  

James Blower, Zopa Bank’s Head of Savings said: “As the ISA deadline approaches, savers will be looking to maximise their tax-free allowance. What’s different this year is that the future appeal of Cash ISAs faces uncertainty, amid speculation that the Government will weight incentives towards  investment accounts such as Stocks and Shares ISAs going forwards.   

Given this possibility, the increasingly varied Cash ISA and investment accounts to choose from and the increased number of providers, savers must look at the finer details to see how various ISA options stack up against their needs.    

The best ISA for you isn’t necessarily the one with the best (headline) rate, but there are some things you should keep in mind:      

• The option to open multiple ISAs: Last year, the Government changed the rules allowing consumers to open multiple ISAs in the same tax year as long as users don’t go over their allowance. But most providers have yet to catch up, research found only seven (as of Feb 2025) offering this level of flexibility. With rates likely to fall, it makes sense for consumers to make use of both easy access and fixed term accounts to benefit from high interest rates before they drop further.   
• Ease to set up a transfer: Transferring-in is a fundamental feature for many ISA customers who are looking to consolidate the previous year’s savings. Ensure your Cash ISA provider makes initiating a transfer as easy as possible. But beware it can still take up to 15 days to complete a transfer and this largely depends on the previous provider’s speed rather than on your new ISA provider.    
• Intuitive and simple to open: App-based Cash ISAs are often quicker to open, requiring only a few clicks and no printing or lengthy paperwork required to prove your funds or identity. Some display how much you’ve saved within the tax-year via a helpful live counter so you can keep up with your allowance as you deposit or withdraw funds.   
• Sufficient protections: Some Cash ISA providers offer FSCS (Financial Services Compensation Scheme) that ensures up to £85,000 is protected if the provider goes out of business. But be careful, not all non-bank providers offer these protections, and some bonus rates are excluded from FSCS protections. Read the small print to make sure your money is protected.  
• A bonus rate: Bonus rates are sometimes available to customers who open an account within a specific window of time e.g. ahead of the deadline. Or they may give you a retention bonus to incentivise you to stay i.e. not transfer to a new provider. Making use of this is a simple way to earn extra interest on your savings.   
• A flexible ISA allowance: If you have a flexible ISA allowance it means you can withdraw and replace money within the same tax year without affecting your annual ISA allowance. For example, if you were to enter the tax year with £50,000 in your ISA, and you withdrew £10,000, you’d be able to replace this £10,000 within the same tax year (before 5 April) and still contribute a further £20,000.      

Once you’ve chosen the right account, it’s time to maximise your allowance. ISA allowances are “use it or lose it”. While not everyone can save £20,000 per year, within the current rate environment it’s easier for customers to use up their Personal Savings Allowance (PSA) and pay tax on savings. This makes Cash ISAs much more attractive.”