Zopa Current account

goatfaced

Is 22nd your monthly anniversary? No email for me but 25th is mine so there's still time. I hope we're not forced into switching, 2 of us haven't had the full £30 for the year yet.

gwapenut

https://forums.moneysavingexpert.com/discussion/comment/82128417#Comment_82128417

Damn, I was hoping to milk the 2% £1500 DD one more time at my anniversary in 3 weeks before switching over to monthly

lon_don

https://forums.moneysavingexpert.com/discussion/comment/82128434#Comment_82128434

Well it's unclear. My (yearly) anniversary is 19/8 (so the closest business day to 19/9 would be 21/9 not 22/9). Right now in the app it says I still have my full £30 cashback on DD allowance available (2% on £1500, not monthly, reset on 19/8/2026).

gwapenut

https://forums.moneysavingexpert.com/discussion/comment/82128417#Comment_82128417

I've just had the email and it's not quite like that. My annual anniversary date is 2nd October.

The email says that from 22nd September I will no longer be able to open a regular saver but "Your existing Regular Saver won’t be affected. You can continue using it as normal until the end of its 6-month term"

More importantly, it does not say my existing benefits will be ending yet or on the 22nd - just that the removal of the RS makes way for new benefits (at some unspecified time in the future). It says "There's nothing you need to do just yet. But if you’d like to switch to the new benefits now, you can do so in the app" but as yet gives no end date for my existing 2% on £1500 benefit.

friolento

https://forums.moneysavingexpert.com/discussion/comment/82128417#Comment_82128417

I had the email too but don't read it as being forced to switch to anything from 22/9. It just says that from that date, we won’t be able to open a new Regular Saver pot once our current one ends. Mine doesn't end until November, and others have even later end dates.

There are also some other changes. They are not saying it, but there's no special easy access saver any longer - again, existing ones aren't affected until the bonus rate expires.

On the current account, there's now a more lucrative, yet also possibly more work intensive, DD option. Max £54 for 12 months vs max £30 before, but split over 12 months, no single payment option any longer. And there's a free Nero coffee a month (worth £3 - £5 a month), as well as 2.75% interest on the current account balance, both for 12 months. The latter two are of no real interest to me but I have already switched to the DD offer as it's on general offer now, even if you had the £30 less than 12 months ago.

HillStreetBlues

Can anyone upload their email please (with of course personal info removed.)

gwapenut

https://forums.moneysavingexpert.com/discussion/comment/82128608#Comment_82128608

Here you go

HillStreetBlues

I'm hoping not to get that email.

friolento

https://forums.moneysavingexpert.com/discussion/comment/82128639#Comment_82128639

I fear that's a vain hope, as the changes will apply to everyone - albeit existing benefits will be allowed to run to maturity.

HillStreetBlues

https://forums.moneysavingexpert.com/discussion/comment/82128644#Comment_82128644

For me there is two ways of looking at it. I'm on the 3% - £3000 with that offer you couldn't have a RS.
One way is, as they have withdrawn the RS it has no impact on my offer so I can keep it.
The other way is it makes my offer a lot better than the current offers (unless you make use of the coffee, I expect many won't use that offer so cost to Zopa is fairly low).