Thamesbank’s Salary Saving Scheme brings quite a few benefits to employees and employers:
Benefits to Employer /benefits to your company or organisation
- Thamesbank Credit Union promotes personal financial stability, so offering savings through Payroll deduction is a commitment to your employees
- This benefit helps build employee loyalty, and employees financial, physical and in some cases mental wellbeing. It also reduces requests for salary advance and absence due to financial strains
- As a partner employer, you will benefit from the good publicity gained through participating in this initiative aimed at supporting employees and giving them easy access to savings and loans
- Many employers in our area have become Thamesbank Credit Union partner employers, gaining the benefit of our expertise in savings and loans services
- There is no charge for arranging payroll deduction
- Supporting the local community as all profits go back to members in the form of an annual dividend
Benefits to employees:
- Professional and friendly staff team in the credit union office
- Experience has shown that people tend to budget around the bottom-line figure on their monthly salary
- By “savings” via a payroll deduction, healthy amounts of money can be saved easily with minimum effort
- Members’ savings are protected fully under the Financial Services Compensation Scheme
- Savings can start from £5 a month or £1.00 per week
- Accounts and balances can be viewed online via PIN access to our secure website
- Members can open Junior Savings Accounts for their children or grandchildren
- Members benefit from favourable rates on loans with a maximum interest rate capped at 3% a month on the reducing balance
Our Employer Partners are located in the Thamesbank Credit Union area of the London Boroughs of:
- Ealing
- Hounslow
- Richmond Upon Thames
- Kingston Upon Thames
- Wandsworth
- Borough of Spelthorne, Surrey
Find out more about the Salary Saving Scheme here.