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Champion an employee benefit that’s good for everyone.

Giving your employees the opportunity of an easy way to save will encourage their financial wellbeing. But it will also provide real benefits to your organisation.

We all know that financial security is important, and helping your employees to achieve it can only be a good thing. Viewed from a different angle, money worries can have a huge impact on mental health, often resulting in reduced productivity and sickness.

According to the Chartered Institute for Personnel and Development (CIPD), 76%* of employees surveyed had been off work due to stress during the past year. This included work-related stress, and the stress caused by cost-of-living pressures.

Having savings is an essential part of financial wellbeing. And in a similar way to pension savings, the automated ‘set and forget’ nature of Workplace Savings makes it easy for your employees to save by making it habitual and effortless.

In short:

  • It’s a valuable employee benefit that also benefits your organisation.
  • It further demonstrates how much you value your employees’ wellbeing.
  • It’s easy to set up and requires no ongoing administration on your part.
  • There is no cost to your organisation.

We would love to talk to you about this in more detail. Simply complete the contact form on the right, and we will be in touch very soon.

*CIPD Health & Wellbeing at Work Report, September 2023

Workplace Savings Employer
e.g. Joe
e.g. Smith
e.g. 07123456789
e.g. example@example.com
e.g. Garden Centre
e.g. 25

Privacy: I/we consent to the information I/we have provided being stored securely within Hinckley & Rugby Building Society’s website for the purpose of responding to my/our enquiry.

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How does the Workplace Savings initiative work?

Your organisation offers the initiative as an employee benefit at no cost to your organisation.
We’ll arrange to visit you so that we can present the initiative in detail and answer any of your questions.
Once you’re happy, we can arrange to present this new benefit to your employees on your behalf.
We assist with the completion of all documentation, and there’s no ongoing administration on your part.
Learn more from our team today

Why save with Hinckley & Rugby?

With our 158-year history of supporting savers, you’re in very safe hands. We offer an extensive range of competitive savings accounts to suit all savings goals, and provide award-winning customer service. But don’t just take our word for it – we’re voted 4.8 / 5 from 1,082** Smartmoneypeople reviews!

**Accurate as from 26 September 2023

Frequently asked questions

Can I open an account online?

No, but you can print an application form from the website and access all the Terms & Conditions.

Is there an app to manage my account?

Not at the moment, however you can register for H&R Online to view your transactions and balances. Our digital access will be improved by 2024.

Can I change the amount I save each week/month?

Yes, you can change the amount you save to suit you. If you have a Regular Saver account, the deposit limits are between £10 – £500 per month.

Can I set up a Standing Order or Faster Payment into my account electronically?

Yes, we can provide the information required to do this once an account is set up.

What if I want to set up an account but not have the deductions from my salary?

This is easy to arrange, we can provide the account details for you to pay into an account in person at any of our branches or agencies, via the post or electronically.

What happens if I miss a payment or can’t afford to pay in during the month?

Most of our products are do not require a monthly deposit so its fine to pay in what you can afford when you can afford, please refer to the account Terms and Conditions.

Terms and Conditions of our Regular Saver account require a minimum of £10 deposit per month. We will write to you if one payment is missed, if a second payment is missed the account will automatically revert to an Easy Access account.

What happens if I want to cancel my salary deductions?

Please let your HR department know to cancel the deduction.  If you want to continue to deposit into an account you can come into the branch, set up a standing order with your bank or send a cheque in the post with your passbook.

If you have a Regular Saver account, you will need to make alternative arrangements to deposit a minimum of £10 into the account per month as per the Terms and Conditions of the account. If two monthly payments are missed the account will revert to an Easy Access account.

What happens if I leave my current employment?

You can continue your savings plan by setting up a Standing Order or Faster Payment from your bank account or just pop into one of our branches or Agencies to deposit your money.

Alternatively speak to your new employer to see if they have a scheme you can join or ask them to contact us to talk them through setting one up.

How do I get my money out?

Depending on the account you have you can either get immediate access or you will need to give notice to withdraw from your account.  Please refer to the front of the passbook for account specific Terms and Conditions.

You can send your passbook and your written request to withdraw through the post (by cheque), or pop into your local branch or Agency.

Please note the maximum cash withdrawal limits on all of our accounts of £500 per day.

I’ve chosen a notice account, how do I put notice on to withdraw from my Account?

You can give notice in writing, by telephone or by visiting a branch. You will then be given a date depending on the notice period for your chosen account and a two-week window in which to present your passbook at a branch to withdraw by cash or cheque (maximum cash withdrawal £500 per day).

What if I can’t get to a branch?

You can send your passbook and your written request to withdraw through the post (by cheque).

Explore our website to find what you need, or click below to get in touch with a member of our team.

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