Stream unleashes next-gen workplace savings as demand soars

LONDON, June 19, 2025, Market defining financial wellbeing leader Stream continues its movement to disrupt the traditional banking system with a significant enhancement to its award winning Workplace Savings product.

Workplace Savings was launched to help workers build stronger financial resilience by allowing them to contribute to savings directly as they earn. Over half a million UK workers are now using Stream’s savings product to save for the first time. 

This easy access product has an industry leading interest rate of 3.73% and is now broadening its scope to allow external deposits for the first time. Clients in the early access programme went live this week, enabling members to transfer in deposits from their linked bank accounts for easy consolidation of their savings. This feature will be made available to all clients from early July. 

Katie Duxbury, Head of Pay Services & Wellbeing Benefits at BUPA, shared: “Longer term we can see our employees building saving pots and reversing their money story, moving from borrowers to savers with all the positive mental health benefits that financial resilience brings”.

One in six UK adults have no savings, and a third have £500 or less. With the traditional financial system stacked against 80% of the working world, those on lower incomes are usually the hardest hit. Workplace Savings was created to change that structure. Partnering with Investec, Stream is able to offer this market leading product with no minimum deposit or fees to its members, which is usually reserved for high income earners. Employees have the option to save a monthly fixed amount, or they can switch on Save the Pennies, which rounds down each worker’s shift pay to the nearest pound, and adds the difference to their savings.   

Stream first launched in 2018, entering the banking movement with a flexible pay solution, which allowed employees to access and withdraw their pay as they earned it. Fast forward seven years, and it has evolved into a holistic financial wellbeing provider - from flexible pay and high interest savings products, to affordable loans, budgeting, coaching and financial education services. Stream is at the forefront of this major shift in the employee - employer relationship, as financial services move beyond traditional institutions into the workplace. 

Peter Briffett, CEO of Stream said “With the launch of external deposits, we are entering a new era of next generation workplace financial products. This is  just the beginning of the revolution, as we continue to impact the lives of millions of people, with fairer financial services”.

So far, £38 million has been saved by Stream members, providing them with more opportunities for growth, freedom and resilience in their day to day lives.

Backed by a social charter and the mission to reduce the poverty premium, Stream currently serves more than three million members across 2000+ employer brands. 

This announcement comes on the back of Stream recently announcing a £300 million debt financing facility provided by Citi, to expand the Workplace Loans product to its UK member base.

World-leading impact investors, Better Society Capital, Social Tech Trust and Fair By Design, along with renowned venture capital investors, Balderton Capital, Northzone, QED, Smash Capital, BlackRock and British Business Bank, have all invested in Stream.