Making savings easy for your teams
Savings with 4.33% interest, no fees and no minimum deposit
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High-interest savings designed for everyone
A quarter of UK workers have less than £100 saved. Workplace Savings can change that.
Members watch their money grow faster with a competitive 4.33% interest rate¹ – a rate usually reserved for accounts with fixed terms, high balances, or that only offer limited withdrawals. And they can save straight from their pay, something 66% say they’d like.
Workplace Savings are shown to increase employee engagement and productivity, so everyone benefits from having a savings plan.
High street bank beating interest, with no minimum deposit
We’ve partnered with Investec to offer members an account with no minimum deposit and no fees. All managed through the Wagestream app.
Automatic, effortless saving
Colleagues can open a savings account in a few clicks, then send money directly from their pay or from their linked bank account to save towards life’s milestones. And they can switch on Save the Pennies, which rounds down each shift’s pay to the nearest pound, and adds the difference to their savings.
A daily pat on the back
By showing interest daily, we give people a reason to feel good about earning and saving. Employees who use Workplace Savings say they feel proud and report improved wellbeing.
A more engaged, loyal workforce for you
Employers who help their employees save see big benefits, including a 43% increase in employee engagement*. Which means fewer days off, more shifts taken and a lower turnover.
set aside by Wagestream members in 2024
members started saving for the first time in their lives
rise in productivity linked to helping people save (National Fund for Workforce Solutions, 2018)
"Really is a good way to save, straight out of your wages, I haven’t missed the extra £50 a month I’ve been saving and it’s a big help for Christmas presents"
Lesley A.
Co-op employee
Take a tour of Workplace Savings
Wagestream Reviews
Everything you need to support your team’s financial wellbeing
Measure success in real time
The Employer Dashboard lets you track the impact of your Wagestream benefits, with anonymised usage data and trends. See what products are being used and how they’re improving your colleagues’ financial health.
Get insights and improve
Break the information down by division to get a real-time picture of employees’ financial needs – so you can enhance and improve your financial wellbeing strategy.
Financial benefits made easy
Secure integration
Wagestream is an ISO 27001 certified platform that can connect to any payroll, HR or time and attendance system.
No risk or disruption
We work with your teams to handle all of the setup, including validation and compliance. That means you can launch your employees’ financial wellbeing benefits quickly and easily.
24/7 support
Once you’re up and running, we handle all technical support and member questions in the app or portal – responding to 95% of queries within 30 minutes.
Secure integration
Wagestream is an ISO 27001 certified platform that can connect to any payroll, HR or time and attendance system.
No risk or disruption
We work with your teams to handle all of the setup, including validation and compliance. That means you can launch your employees’ financial wellbeing benefits quickly and easily.
24/7 support
Once you’re up and running, we handle all technical support and member questions in the app or portal – responding to 95% of queries within 30 minutes.
Workplace Savings facts
Is members’ money protected?
Yes, the Financial Services Compensation Scheme protects eligible savings up to £85,000 through Investec.
Why can Wagestream offer better interest than the high street banks?
How do you keep members’ data safe?
How much does Workplace Savings cost members?
Our library
How the Co-op created award-winning savings for their people
Why there's a perception gap in employee savings
Financial resilience calculator
Ready to connect?
Talk to us about the positive impact we can have on your teams and your business.
