UK customers now have a chance to earn up to £242 in free cash simply by paying their monthly bills, thanks to a new offer from Zopa Bank. The bank, which serves around 2 million customers, has doubled the cashback rate on its Biscuit current account from 2% to 4% on direct debit payments for energy, broadband, council tax, and other household bills.
How the Cashback Works
The cashback applies to payments of up to £2,000 per year, with rewards paid monthly. Customers who make the most of the offer, combining cashback with the interest earned on account balances, could earn up to £242 annually. The Biscuit current account also pays 2% interest on balances, allowing customers to make even their savings work harder while managing routine expenses.
Cashback is applied automatically for any bills paid by direct debit, so customers do not need to take extra steps once payments are set up. The promotion is particularly appealing at a time when household costs are rising, giving account holders a practical way to recoup some of the money spent on everyday bills.
Savings Features
In addition to cashback, Zopa offers a regular saver account. Customers can save up to £300 a month for six months at a competitive 7.1% interest rate, which is among the highest available on the UK market. Once the six-month period ends, savings are automatically moved to a Zopa Access Pot, paying up to 3.25% interest.
These rates are variable, so the amount earned may fluctuate, but they still provide a strong alternative to traditional bank accounts.
Limited-Time Offer
The increased 4% cashback rate is available only until the end of May 2026, making this a short-term opportunity for customers to maximize benefits. Those who have not yet set up direct debits are encouraged to do so quickly to take full advantage of the promotion before the deadline.
Why the Deal Matters
Zopa’s chief customer officer, Clare Gambardella, highlighted that the aim is to provide “everyday value” to account holders. While the cost of living continues to rise, the combination of cashback and interest allows users to earn extra money while paying for essential bills, helping them make progress toward financial goals.
The deal also reflects a broader trend among UK banks to incentivize routine financial behaviour with rewards and competitive rates. By offering practical benefits for everyday activity, Zopa encourages customers to manage their spending more effectively while earning real value from their accounts.
With the combination of high cashback rates, interest on current accounts, and competitive savings options, Zopa provides a simple, accessible way for customers to stretch their money further and offset rising household costs.
