Salary Saver Scheme

Habit Forming

The Salary Saving Scheme offers an automatic, simple way for you to save regularly, directly from your payroll. Building Financial Resilience is a habit well worth forming.

Around 34% of people have less than £1,000 in savings, you can boost your savings pot by opening an account with Beacon Savings & Loans.

Full of Benefits

Being a member of your local credit union gives you access to other products and services, such as:

• Christmas Savings Club.
• Junior Savers for Children.
• Affordable Loans, up to £15,000.
• Life Cover at no cost to you or your employer.

The Benefits of Saving

Having a savings pot can help reduce stress caused by money worries. Doing this directly from your salary means that you can set and forget. This helps form a positive saving habit.

Did you know?

By joining Beacons Salary Saving Scheme in partnership with Halton Housing, you can start saving straight away. Having savings increases your ability to plan for future events and can help reduce a reliance on credit cards and potential high cost debt.

Having a savings pot will reduce your vulnerability to economic shock.

A Mental Health Boost

Having savings can reduce financial stress, as money worries are a major cause of stress, anxiety as well as depression. Just knowing that you have a your savings safety net with Beacon Savings & Loans can bring a warm fuzzy feeling. Knowing that you have the funds available to plan your next purchase.

Financial stress can weaken the immune system and lead to poor health behaviours, worry can have a major impact on your health.

Social Benefits

You might not think it, but having savings can even improve your social life, less arguments over money, knowing that you can take part in an activity with your friends. It also increases your ability to take advantage of opportunities that suddenly appear. Who would have thought, all that can start from starting a savings account.

Access to better credit when you want it

For many, even when saving there may be a time when you may want to borrow some funds. By having a savings pot and reducing a reliance on credit will help improve your credit worthiness, giving you access to better rates.  It really is a win-win-win-win.

Why choose Beacon Savings & Loans?

There is a reason that Halton Housing have partnered with us for this scheme, it’s because we are an organisation owned by our members for the benefit of our members. When we make a surplus, after any regulatory transfers or strategic investments, we give the money back to our members in the way of a dividend or interest rebate. As a saver you are also an owner, credit unions operate on a one member one vote basis. It doesn’t matter if you have £1.00 or £100,000 in your savings, you have an equal voice in the credit union.

That’s not all, we care about our communities, whether that is donations to worthy causes or volunteering at a local organisation, we are a part of our communities.

At Beacon, we plant a tree for every new member we get, when you join you will be directly responsible for a new tree, somewhere in the world, I think we can all breath a little easier because of that.

Don’t you do loans, too?

We do, we have a pilot scheme specifically for Halton Housing. with rates from 9.6%APR, for loans up-to £15,000, we are able to provide ethical loans for lots of people. You can read more on our Halton Housing Employee Loan page.

Ready to begin your savings journey?

If you wish to join and save, just complete the form below and we will be in touch.

If you are interested in a loan, please scroll towards the bottom of the back and chose check my eligibility, make sure you read all about them first and make sure that it is the right product for you.

How much can I save?

You can save as little or as much as you like, Halton Housing will need to make sure that your deduction does not take your wages below the minimum wage. If it does, you can always set up a standing order to pay into your account. You need to make sure that you can afford to do it.