At Bath Building Society we’re passionate about helping people save for their financial goals. That’s why we are working with organisations in the region to provide Payroll Savings opportunities for local employees. Payroll Saving is a simple and effective way for employers to encourage their employees to think about financial wellbeing and develop a regular savings habit.
Payroll savings schemes
If you are an employee:
If your employer is one of our Payroll Savings partners, this is a simple and effective way to develop a regular savings habit by saving directly from your salary. Deductions come straight out of your salary so you’re less likely to miss it.
We offer a range of simple, transparent accounts, supported by great, personal customer service from our team. It’s easy to set up a Payroll Savings account with us, all you have to do is decide which of our personal savings accounts works best for you and how much you want to save each month, then apply online.
Once the account is set up, your chosen amount comes straight out of your pay. And you can review the amount you want to save at any time.
Save with us and your money is fully protected by the Financial Services Compensation Scheme.
Your individual account is maintained confidentially with Bath Building Society and your employer has no access to your savings account. Should you change employer at any time your account with us will be unaffected.
If you are an employer:
Responsible employers are always looking for ways to provide staff benefits to their employees and Payroll Saving offers a convenient way for your employees to save. Saving via payroll savings means the employee can save for a ‘rainy day’, holiday or even a deposit on their first home.
Encouraging your employees to sign up to Payroll Savings can help reduce staff turnover and absenteeism costs associated with financial worries.
Want to find out more? Book an online appointment with our Savings specialists today, or contact the team for more information.