Zopa Bank has launched an energy switching and comparison service on its app.
The digital bank has partnered with Decision Tech, part of the MoneySuperMarket Group, to show customers available energy suppliers alongside how much money they could save by switching.
Users can find their individual offers by entering their postcode and their current energy price into the search engine. The bank then provides a list of energy providers available to them, indicating the amount of money they could save.
Customers choose which provider they would like to switch to within the Zopa app, with the whole journey taking up to three minutes, according to the bank.
If customers don’t find the right deal for them, alerts can also be set up so Zopa can share better deals that will be available in the future.
According to MoneySuperMarket data, switching to a different provider could help people save £286 annually on their energy bills.
“People are generally reluctant to switch energy providers, but it is one of the easiest ways to cut down on monthly outgoings,” said Clare Gambardella, chief customer officer at Zopa.
“We wanted to make it as simple as possible for people to identify how much money they could save on gas and electricity so that they can feel good about their money as they head into 2021.
“We’re on a mission to show people that simple, good value products are out there in the market to help them save money.
“Finding the best deals, rates and services available shouldn’t be difficult, that’s why we’re adding more tools to our app that help people gain better control over their finances.”
The Zopa app also has a credit score and credit health borrowing power tool that gives users ways to improve their credit score and Zopa loan rates, as well as its credit card and fixed term savings account products.