We support businesses by helping their employees to save, borrow and plan for tomorrow.
Research shows that staff, with significant concerns surrounding their own finances, perform less well than those that are financially stable. This is due to the impact of debt upon the individual’s health, which interferes with their ability to focus and work effectively. ... Read more
Payday loans have become a default for those with financial difficulties, but they do not offer a long-term, healthy solution.
As their employer, you can help.
One of the foremost difficulties in addressing an employee’s financial concerns, is that they are unlikely to make them known to you. It’s, therefore, important to offer an environment and mechanism through which staff feel able to raise these issues, and in a private and confidential manner.
To make a full assessment of their situation and how to address it, you need a specialist provider that can assess salary, outstanding debts and financial commitments, to establish and recommend a manageable savings or loan solution.
Finding a responsible savings and loans provider is crucial to your decision process. Citysave manages payments from payroll deductions and has been doing so for over 30 years. As an employer, you can provide your team with a free benefit – to access, direct from payroll, FSCS protected savings and fair-priced consumer loans. Through your corporate responsibility, you provide staff with direct access to savings and loans to enable them to be better prepared for both planned and unexpected expenses in the future.
The Citysave employee benefit scheme supports businesses in helping their employees to save, borrow and plan for tomorrow.
Empower your employees to build a savings habit!
Our savings plans protect against financial emergencies and longer-term requirements such as saving for next year’s holiday or home improvements.
Every year, we provide thousands of loans to members who use them to start a new life of responsible, manageable borrowing and improve their ongoing financial situation. With a responsible APR of 12.7% to 19.6%, our loans pose an alternative to dangerous forms of easy lending, such as payday loans. Our interest rates are a fraction of that of a payday loan, and they’re also monitored to ensure that they are competitive with high street banks. High street Bank loan rates can appear lower but advertised rates are typically for larger loans, longer periods and for blue chip credit score borrowers. We aim to provide fair loans to the many rather than the few.
We can help with agreement templates and co-branded promotional materials.
Savers at Citysave are protected by the national Financial services compensation scheme (FSCS). Click here to find out more
We have been providing this service for some thirty years – please see here some of the testimonials we have received
Specimen agreement wording can be provided on request – please note there is specific clause making clear the Employers have no liability at all for any Employee liabilities that may arise as a result of using services provided by Citysave.
*For eligible members (subject to application). Loans available from 12.7% to 19.6% APR. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority FRN: 213258. Members’ deposits are protected by the Financial Services Compensation Scheme.