When your fixed term ends all the money is automatically transferred into your savings holding account. Your savings holding account is designed to temporarily hold your money until you’re able to withdraw. Rest assured, your savings holding account still offers FSCS protection and will pay you interest too, although it will be at a lower rate than your Fixed Term Savings account.
Every customer has their own savings holding account. You can’t pay any money into it and when you withdraw you must take it all. You can view and manage it when you’re logged into your Zopa account, just as you did with your savings.
To clarify for our existing peer-2-peer investors, your savings holding account is entirely separate from your investment holding account. Each holding account is used specifically for the product it relates to, so you won’t see any overlap or movements of money between the two.