Savings and Loans

Payroll Saving

Here at Smart Money Cymru, we have come up with an ingenious way for you to save!

Our Payroll Savings Scheme facility allows you to have monies deducted direct from your salary and sent to us direct, so all the hard work is done for you and all you have to do is sit back and watch your savings grow!

As well as helping you to grow your savings, joining our Payroll Saver scheme grants you access to preferential loan rates - just give us a call to find out more!

Setting up Payroll Savings is simple. All you need to do is join us first as a credit union member, then complete an Invisible Saver Authority which we will then send to your employer.

English with Welsh audio

Welsh with English audio

This is what Steve from Caerphilly County Borough Council had to say!

"Setting up payroll deduction was really easy - I simply put my employee number on the application form and Smart Money Cymru and Payroll took care of the rest. The payment goes out with your tax and National Insurance, so you can save and not miss the money as you never had it in your account!"

Steve, CCBC

Lesley From Bearmach agrees with Steve

"I have been saving with Smart Money since January 2010, when Bearmach Ltd started up the Payroll Deduction Scheme.
Our number of savers has increased from 8 members then to 19 members now.
It is a safe, straight forward way to save.  Whether it be for Christmas. holidays or a rainy day, or even a low interest loan. I do not miss the deduction each month but am always pleased to see it grow and then it’s very easy to withdraw your savings whenever you need them."

Lesley, A Very Happy Customer

At the moment we offer payroll deduction for the following companies but if you think your employer could offer this service to you then get in touch with us.