Zopa launches current account with cashback and 7.1% on savings

Digital bank hopes to tempt switchers with package including in-credit interest and fee-free travel spending

The battle for bank customers intensified this week, with a new player entering the UK current account market and offering cashback on bills and access to a savings account paying 7.1%.

Digital bank Zopa is hoping the perks - which also include in-credit interest and fee-free spending abroad - will tempt switchers to its first day-to-day account.