Help your employees save as they earn.
Saving via payroll can offer a buffer if things go wrong when you least expect them. Even a small amount of savings can soften the blow and help you avoid resorting to expensive borrowing.
Financial worries are a huge concern to employers and workers alike: debt can cause stress and depression, which can lead to absences and reduced productivity – a vicious circle that leaves everyone worse off.
Responsible employers are always looking for ways to provide staff benefits to their employees. If you are working for one of the employers listed below, we are pleased to inform you that your employer has agreed to work with us to offer payroll savings as a staff benefit. You can now save directly from your salary. This means once you receive your pay slip the chosen amount would have already been deducted and passed on to the community bank, before your salary hits your bank account.
Features & Benefits:
Access to your money – there are no penalties for withdrawing money, so you can take it out whenever you want
Watch your money grow – dividends are paid annually but are dependent on the financial position of the bank
Easy to pay in – an agreed amount is deducted by your payroll and paid straight to your community bank account
Ethical savings – by saving with the bank you are allowing other local people to borrow who would otherwise be unable to access high street lending.
Current payroll partners:
If you are an employer and wish to offer this as a staff benefit, please contact us.
As a member the maximum you can save with us is £15,000.
Responsible employers are always looking for ways to provide staff benefits to their employees. Financial worries are a huge concern to employers and workers alike. Debt can cause stress and depression which can lead to reduced productivity or even absences.
Do you know what state your finances are in? If not, get a clearer picture of your financial health with our links to money advice and support. Get to grips with your finances today!