Choose how much to save each month
Once your Savings Pot is created, you can set up a scheduled payment.
To set your monthly amount:
Open the Access PayWise+ app.
Go to My Savings Pot.
Enter the amount you want deducted each month.
You can update this amount any time and confirm changes in the app.
Stop scheduled payments
To stop monthly contributions:
Open the Access PayWise+ app.
Go to My Savings Pot.
Change your scheduled amount to £0.
This takes effect from your next payroll cycle.
Is interest earned on my savings?
You earn interest on your Savings Pot.
The current interest rate is displayed on the home screen under My Savings Pot.
Interest is calculated daily.
Interest earned is added to your balance at the end of the month.
A full statement is available in the app.
📌Note: You won't receive notifications when interest rates change.
Are savings contributions subject to tax and national insurance?
All contributions to your Savings Pots are treated as deductions from pay and are subject to tax and national insurance.
Are there fees for saving or withdrawing?
There are no fees for employees.
Employers will see the deduction as a 'Savings' transaction instead of 'Cash' or 'Voucher' but not fees apply.