Salary savings is offered to partner organisations as a staff benefit for there employees. This enables employees/members to save & access affordable loans in an easy, hassle-free way.
Becoming a Salary Savings partner with Derbyshire Community Bank is simple. Once your organisation joins as a business member, you can offer Salary Savings to your employees at no cost to you.
It’s a free, hassle-free benefit for your staff.
Helps employees feel financially supported and valued.
Encourages regular saving, reducing money worries and boosting wellbeing.
By partnering with Derbyshire Community Bank, your organisation can demonstrate a real commitment to staff welfare while making a positive difference in your community.
Saving with a credit union via Payroll Deduction is widely adopted as an employee wellbeing benefit by many local authorities, large employers in the UK and around the world including Derby City and Derbyshire county councils, British Aerospace, Royal Mail, BT, police, MOD.
Research into Payroll Deduction and saving by deduction at source is compelling; high satisfaction rates, positive financial and wellbeing impact. We are grateful to the following organisations for their research into this field:
Fair4All Finance report Deduction Lending: Does it Add Up for Low-Income Borrowers?
Financial Inclusion Centre report into Getting Workforces Saving: Payroll Schemes with Credit Unions
The Financial Conduct Authority (FCA) see workplace savings as a significant way to enable more people to save – Their Statement on Workplace Savings Schemes explains the rules and compliance relating to workplace savings schemes.
