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Savings club
Savings Club helps employees take control of their finances and save regularly through their net pay.
Benefits as flexible as your business
The current financial climate, along with low interest rates on savings accounts, mean that saving for the future or for those big life expenses can be tricky.
With Savings Club, employees save a set amount into the scheme each pay day through their net pay, making it simple and easy to save.
At the end of the scheme, employees can use their savings on an eGift card to use both online or in-store.
This can be used on all manner of things including home improvements, wedding essentials, furnishing your home and much more.
Through the eGift card, employees get a 3% discount on their final purchase. So, for example, something that would cost £1,000 for the employee would instead cost £970 through Savings Club.
Savings Club helps encourage positive financial habits, saves employees money on big expenses and generally helps to improve the financial wellbeing of your workforce.
Employee and employer benefits
Employee benefits
- Employees get a 3% saving on their final purchase, making their savings go further
- The regular saving amount is taking directly from the employee’s regular net pay, making the scheme easy and stress free to use
- There’s a huge range of stores and retailers the final eGift card can be used with, so the scheme can be used to save for just about anything
The eGift card can be used in-store or online - Savings through the eGift card can still be taken advantage of alongside existing sales and promotions to make savings go even further
- Savings are kept safe and secure with the employer and the scheme is hassle free to use.
- The scheme can provide a better return than many alternative savings options.
Employer benefits
- Savings Club encourages positive financial habits making it easy for employees to save
- Supports positive mental wellbeing through the improvement of financial wellbeing
- A unique benefit that provides a competitive advantage in recruiting new talent
- Also available as a Christmas Club and Holiday Club and can be communicated to employees as either to suit the needs of your business and your staff
- Quick and easy to implement and administrate
- An added dimension to your employee financial wellbeing provision.
Financial wellbeing benefits
Employee financial wellbeing is the latest benefits hot topic as increasing numbers of employers look for ways to help their employees keep on top of their finances.
Providing quality financial products is one way of helping, but the crucial bit is financial education, so your employees have the relevant knowledge and can make informed choices.
MotorSave
MotorSave is a unique employee benefit scheme designed to help employees save up to 10% on car maintenance.
Workplace ISAs
The simple way to help employees get into the savings habit and start investing for their future.
Financial education
Providing employees with valuable source information to help them understand how to manage their finances.