Hot on the heels of their banking license approval last month, leading UK fintech Zopa has announced interest rates for its fixed term savings accounts; the company said that terms will be from 1-5 years with one-year terms being offered at an interest rate of 1.1%, 2-year terms at 1.4%, 3-year terms at 1.5%, 4-year terms at 1.55%, and 5-year terms at 1.6%; interest rates are fixed and paid into customers’ accounts each month and the accounts can be managed completely online; all savings accounts are protected by the UK government’s FSCS scheme up to £85,000 (similar to FDIC insurance in the US); current investors can join the waiting list now for these new savings accounts. Crowdfund Insider.
