The Clockwise Payroll Membership Scheme is a staff benefit with a difference. Under the scheme you can regularly save, hassle free with payments deducted directly from your salary and allocated either to your Clockwise savings account.
There are no fees associated with the Payroll Membership Scheme.
It is simple and easy to manage with many benefits.
BENEFITS OF PAYROLL SAVING
Improving Money Management
in May 2019, Building Societies Association financial experts called for the industry to do more to encourage people to save after it was revealed 22% of UK adults had less than £100 in savings.
We know that by saving in a separate account people are less likely to dip into their savings. Saving directly through salary becomes an important payment. We all deserve the security of savings and this is a tried and tested way of doing it.
Reduce Debt & Related Stress
As well as encouraging regular savings, payroll membership offers employees the opportunity to access affordable credit. Often getting into difficulties with debt arises from rent/mortgage arrears, credit cards and overdue utility bills. There is a strong link between debt and stress, so having access to safe savings, affordable loans and budgeting accounts, employees are much more likely to succeed at reducing their debt and overcome any related stress.
PEACE OF MIND
Saving with Clockwise gives you complete peace of mind and financial security, Clockwise Credit Union is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. We subscribe to the Financial Ombudsman Scheme and are members of the Financial Services Compensation Scheme. Savings are protected up to £85,000.
Start today and join over a million people throughout the UK who are credit union members!