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At Moneyline we encourage all our customers wherever possible to save alongside their loan for two reasons:
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It builds up an "emergency fund" to cover the unexpected.
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It reduces the need to borrow for "predictable" events. For example many of our customers use the saving account for Christmas, birthdays and planned holidays.
Our saving account was designed in partnership with Bank of Scotland and offers the following benefits:
- Account opened by Moneyline staff.
- Minimum opening amount to be 0.50p.
- Save from as little as £0.50p per week.
- Savings collected by Direct Debit so no need to make journeys to pay in cash.
- Two withdrawals per year - which avoids temptation for frequent withdrawals.
- Interest added 4 times per year.
- Interest paid "gross" for non tax payers.
- Withdrawals at only 7 days notice.
- Statements issued 4 times per year so that you can keep regular track of your balance.
To open a savings account contact your local branch today |
