Payroll Deduction Scheme

Savings deducted straight from your pay

By partnering with local employers, we have a scheme in place to offer the employees an easy, secure, and ethical place to save and borrow.

Saving at its simplest

Saving through payroll deduction is probably one of the easiest ways to build up your savings. Just agree on an amount and it will be deducted from your salary before it even reaches you.

Reaching your goals shouldn't be difficult

That's why we make it easy for you to reach your goals. Whether you're saving for a holiday, a new car, Christmas, or just a rainy day - whatever you are wanting to achieve, we will help you reach it.

Flexibility
The Payroll Savings Account has been designed to be flexible to suit your needs. You can change the amount being deducted from your pay by the 10th of every month, or you could plan an increase/decrease in advance by simply letting us know.

Instant access
Withdraw your savings as and when you need via an electronic transfer or by visiting our main office.

Payroll Partners' Logos

Employer not listed?

HAVE A CHAT WITH US

Got a question? Get in touch, we will be happy to help.

Looking to borrow?

Borrowing couldn't be easier than through payroll deduction as it takes away the stress of having to manage your payments. On top of that, payroll members receive preferential interest rates on our personal loans too.

Key features of the Payroll Deduction Scheme Savings Account:

Minimum Balance £5 - £30,000
Ways to Save

In addition to the payroll deduction, you can deposit more money into your account too.

  • Deposit cash or cheques at our main office or your local collection point
  • Electronic transfers
Instant Access Withdraw your savings at our main office via cash, cheque or electronic transfer
Dividend Dependent on whether we make a surplus, we offer members a return on their savings in the form of a dividend. This is agreed by our members at the Annual General Meeting.
Online Access View your balance online and request for transfers to be made
Paper Statements Paper statements are available on request
Your money is safe with us All deposits of up to £85,000 are protected by the Financial Services Compensation Scheme (FSCS)

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