Marvin OnumonuMarsden Building Society has launched a ‘Workplace Savings Scheme’, offering employees a way to save directly from their salary after tax and other deductions.
The scheme is only open to employees at businesses with 50 or more staff, with Marsden offering interest rates of up to 3.00% p.a./AER variable.
For the first 100 businesses that sign up, Marsden will donate £50 per business to the Red Rose Responding Fund, which supports mental health charities in Lancashire.
Rob Pheasey, CEO at Marsden Building Society, said: “We’re committed to improving financial wellbeing and helping people overcome the barriers to savings.
“Our Workplace Savings scheme allows employees to put money aside before their salary reaches their bank account, therefore encouraging good savings habits and financial security for the future.
“For the first 100 businesses that enrol, we’ll donate £50 per business to the Red Rose Responding Fund, which provides vital funding for mental health charities across Lancashire.”
Kelly Court, programmes manager at the Community Foundations for Lancashire and Merseyside, said: “Marsden’s workplace savings scheme is an inspiring new initiative to support employees with their savings, helping them to become more financially secure.
“It’s such a positive initiative given the current economic climate, and we’re thrilled that the Marsden will also be supporting the Red Rose Responding Fund via the scheme.”
