Prospects obtain 2% cashback on as much as £125 of family payments paid by Direct Debit every month.
A free present account from Zopa Financial institution is providing clients 2% cashback on their month-to-month payments (Picture: Getty)
A free present account from Zopa Financial institution is providing clients 2% cashback on their month-to-month family payments, alongside curiosity on their stability and a high-rate common saver. The account, referred to as Biscuit, has been highlighted as top-of-the-line everyday-value accounts at present accessible.
Zopa Financial institution says Biscuit has been designed to assist individuals earn extra on the cash they already use day after day. MoneySavingExpert has additionally listed it as a high performer for cashback, perks and common financial savings. The account pays 2% AER (variable) curiosity on the cash held within the present account, with no higher restrict on how a lot of the stability can earn curiosity.
Zopa Financial institution says Biscuit has been designed to assist individuals earn extra on the cash they already use (Picture: Zopa Financial institution)
Prospects additionally obtain 2% cashback on as much as £125 of family payments paid by Direct Debit every month, corresponding to power and water.
Biscuit additionally features a 7.10% AER (variable) Common Saver that enables individuals to save lots of as much as £300 a month.
Curiosity is paid month-to-month however proven as an annual fee, so it may be in contrast simply with different banks.
Based on Zopa, the everyday buyer may earn round £192 per 12 months by utilizing the account’s curiosity, cashback and financial savings options.
This calculation was based mostly on information verified on January 15, 2026, and in contrast Biscuit with 15 of the UK’s hottest free present accounts.
To work out the annual worth, Zopa used a number of assumptions, together with:
- a median present account stability of £4,460
- £125 of Direct Debits eligible for cashback
- clients paying the complete £300 into the Common Saver every month
- rates of interest remaining the identical for twenty-four months
- no tax needing to be paid on curiosity
- month-to-month spending on groceries, gasoline and transport of £416
Utilizing these figures, Zopa says the £192 annual worth is made up of:
- £30 from 2% cashback on payments
- £89.20 in curiosity from the two% AER present account
- £72.92 in curiosity from two six-month Common Saver pots
Zopa advises clients to examine the most recent phrases and charges earlier than making use of (Picture: Getty)
Prospects also can use the account overseas with out paying abroad card-spending charges. Zopa says funds will use the true Visa trade fee. ATM withdrawal charges should apply relying on the nation.
The account is free to open, and Zopa says it’s designed for individuals who desire a easy, on a regular basis checking account with additional rewards.
Withdrawals from the Common Saver are allowed at any time, though it’s supposed for constant month-to-month saving.
Zopa advises clients to examine the most recent phrases and charges earlier than making use of, as all rates of interest are variable and may change.
What else is on the market?
A number of different banks additionally supply free or fee-based present accounts with cashback, switching bonuses or linked financial savings. Listed here are among the options accessible proper now.
Santander Edge
Santander Edge is a paid-for account costing £3 a month. It gives £200 for switching, plus a potential £25 Amazon voucher. Prospects get 1% cashback on power, council tax, broadband, TV, cell and water payments (as much as £10 a month), so long as they pay in £500 a month and have two energetic Direct Debits. The linked Edge Saver pays 6% curiosity on as much as £4,000 for the primary 12 months. The debit card additionally has no overseas trade price when spending overseas. Santander additionally has fee-free choices and upgraded accounts, however the cashback and financial savings perks sit with Edge.
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Nationwide FlexDirect
Nationwide FlexDirect is free and gives a £175 switching bonus. New clients get 5% curiosity on balances as much as £1,500 for 12 months, value as much as £75. The account additionally gives 1% cashback for one 12 months (as much as £5 a month) when £1,000 is paid every month. Some clients additionally obtain a £50 interest-free overdraft. A linked common saver pays 6.5% curiosity on as much as £200 a month.
TSB Spend & Save
TSB’s Spend & Save account is free and comes with £200 in switching incentives – £150 upfront, £50 in April, plus £30 cashback if clients make 20 debit card funds a month for six months. The account additionally offers entry to a 5% common saver on as much as £250 a month, mounted for a 12 months.
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