Workplace Savings

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.

	Lloyds Easy Saver	Barclays Everyday Saver	Natwest Flexible Saver	HSBC Flexible Saver	Wagestream Save	Investec Flexi-saver
Interest	1.90% AER	1.66% AER	1.75% AER	2.00% AER	4.70% AER*	4.60% AER
Interest paid	Monthly	Monthly	Monthly	Monthly	Daily	Monthly
Min. deposit	£1	£1	£1	£1	£0	£5,000

¹ 4.7% 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.

*The Workplace Savings interest rate will be changing from 4.7% AER to 4.54% AER on 5 December 2024

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

Wagestream Ltd is a company registered in England and Wales (number 11173225) at 7-9 Rathbone Street, London, W1T 1LY; registered with the Financial Conduct Authority (FCA) (FRN: 902046) as an EMD Agent of Electronic Money Institutions authorised by the Financial Conduct Authority: PayrNet Limited (FRN: 900594) and Modulr FS Limited (FRN 900573); acts as a PSD agent (FRN: 995651) of Bud Financial Limited (FRN: 793327), a Payment Institution authorised by the FCA, for Account Information Services. Registered with the ICO (reference ZA421647).

Where your funds are held by Modulr, (as indicated in the App) please see Modulr for further Modulr details.

Wagestream Finance Ltd is a company registered in England and Wales (No. 12227891) at 7-9 Rathbone Street W1T 1LY, authorised and regulated by the Financial Conduct Authority for consumer lending (FRN: 915914) and for the provision of payment services (FRN: 916866) under the Payment Services Regulations 2017.

Summary

How does it compare?²

Save with interest

Save with ease

In as little as three taps, colleagues can start saving. There’s no easier way to save.

Save with peace of mind

Deposits are protected up to £85,000 by the Financial Services Compensation Scheme (FSCS).