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At Moneyline we offer our customers the opportunity to save alongside their loan through our ‘round it up’ Savings Scheme. We automatically open a Savings account for every customer and encourage them to round up their repayments.
The extra amount goes straight into a savings pot and helps our customers manage their money long-term, not just while they have a loan.
But what are the benefits of saving? Does it actually make a difference?
Here are some examples of how saving a little bit regularly can make a massive difference to you:
£5 doesn’t sound like a lot, for many it’s skipping a takeaway or having one less drink at the pub, but it can make a huge difference.
If you saved £5 a week from now you would have £100 by Christmas! This could pay for the kids presents or make Christmas dinner that bit more special.
If you managed to continue saving £5 a week for an entire year you could save £260! Bagging you a brand new oven or fridge, with cash to spare!
If £5 is a bit much for you, save what you can afford. Even a small amount will add up and come in when you need it.
By saving £2 a week you could have almost £50 by Christmas. This would pay for your ingredients for dinner for the family or that present your child has been begging for.
If you can afford it, it’s worth saving as much as you can. £10 a week from now will give you £200 by Christmas! That’s enough to really make it a memorable day and treat the entire family.
If you managed to keep this up for a full year you could have over £500 saved up! Enough to take the family on a little holiday and make some special memories.
“All the staff have been extremely helpful and very nice and understanding. I’ve also got a savings account with them to help put money away for Christmas.” –Vicki
“They also open a savings account for you which comes in handy I would recommend them to everyone” – Christina
“You don’t need to worry about repayments as they work it out on how much you can afford plus a little bit for savings” – Anthony
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