New benefit

Workplace Savings

Summary

Subtract

Interest: 4.54% AER¹

Added Protection:

image 77 (2)

Maximum Balance: £85,000

Available for: All Wagestream members

Interest Payments: Daily

A quarter of UK workers have no safety net, with less than £100 in savings (Money and Pensions Service)

Lacking a financial buffer leads to a reduction in productivity, compounded mental health issues and a poorer quality of life

(Martin Lewis' Money & Mental Health Policy Institute)

The latest research confirms the potential of the workplace for getting more people saving

(Nest Insight, 2024)

That's why we've launched a workplace savings benefit that unlocks interest rates usually reserved for corporations and the wealthy, for your entire team.

How does it compare?²

Lloyds
Easy Saver		Barclays
Everyday Saver		Natwest
Flexible Saver		HSBC
Flexible Saver		Wagestream
Save		Investec
Flexi-saver
Interest 1.90% AER1.66% AER1.75% AER2.00% AER4.54% AER¹4.60% AER
Interest paidMonthlyMonthlyMonthlyMonthlyDailyMonthly
Min. deposit£1£1£1£1£0£5,000
Track-3
Save with interest

Better interest than the high street banks, paid daily into the Wagestream app. 

Flexible Pay-Nov-05-2024-02-25-22-4185-PM
Save with ease
In as little as three taps, colleagues can start saving. There’s no easier way to save. 
Mobile insurance
Save with peace of mind
Deposits are protected up to £85,000 by the Financial Services Compensation Scheme (FSCS).

¹ 4.54% AER, subject to variability. Interest-bearing savings are available to all Wagestream members aged 18+ excluding US citizens and those with tax residency outside the UK. ² Comparison against Lloyds Easy Saver, Barclays Everyday Saver, HSBC Flexible Saver and Natwest Flexible Saver as of 16 August 2024. Workplace Savings are  provided through Wagestream Finance Ltd.

For more information about Workplace Savings or any of our financial benefits for your colleagues, speak to a member of our team.