Payroll Savings offered by
A financial workplace benefit from Sync
Save from your salary, automatically
Set up your pots and choose an amount. Your savings come out of your pay each payday and grow in the background, protected and earning interest. Pause, top up or withdraw whenever you like.
Takes about 2 minutes. Already signed up? Bookmark this page – it’s your way back in.
You’re always in control
Pause, top up or withdraw whenever you like. Withdrawals reach your bank account by 6pm the next working day, with no fees or penalties.
Your money is protected
Your savings are held with Griffin, a UK bank, and protected by the FSCS up to £120,000.
It grows in the background
Money moves on payday without you lifting a finger, and earns 3x the interest of high street easy access accounts.
How it works
Put your savings on autopilot today.
01
Sign up with your work email
Sign up in a few taps via the Payroll Savings portal, using your work email address.
02
Choose a goal and an amount
An emergency fund, a holiday, next Christmas. You can change the amount and open multiple pots whenever you want.
03
Watch your savings grow
Your savings are set aside on payday. They build up month after month and earn interest along the way.
Save for what matters to you
Set up to 5 different pots, give each one a name and watch them grow for what matters to you.
- Rainy day fund
- A catio
- Holiday
- Student loans
- A home
- Converting a van
- Christmas
- My future family
- Festival tickets
- A new car
- An engagement ring
- Birthday
- A bathroom renovation
- Learning something new
- Trip to Paris
- New phone
- New garden
- Wedding
Earn market leading interest rates
We offer consistently high rates to help your money grow over time – far better than what you’d usually get sitting in a current account with a high street bank.
There’s no need to switch accounts, download new apps or chase short-term deals. Just effortless saving, straight from your pay, helping you build up money in the background.
See what a year of saving looks like
Check out our full savings calculator if you want to see how your money could grow in the future 🌱
Your savings stay private
Your account is in your name. Your employer handles the payroll side and nothing more.
What your employer sees
What only you see
Your questions about Payroll Savings
Something else? Email us at support@sync-savings.com and we will get back to you.
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No, Payroll Savings comes out of your pay after tax, just like if you moved money to a savings account manually. It won’t change your take-home pay or affect your tax. The amount you see in your payslip will reflect the savings contributions you make each payday.
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Yes, whenever you like. Pause your payday saving, add extra from your bank account, or withdraw and it reaches your bank account by 6pm the next working day. No fees and no penalties.
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This depends on how your employer handle this.
If you maintain access to the Payroll Savings app:
Your savings account remains yours. If you leave your company, you can continue managing your savings through your Payroll Savings portal or transfer your funds to another account. In some cases, you may also have the option to set up regular bank transfers to continue saving.
If you don’t maintain access to the Payroll Savings app:
If you leave your company, your savings account will be automatically closed. Your full balance will be automatically returned to your salaried account by 6pm the next working day. Any interest earned will be transferred at the end of the calendar month. You’ll receive a final statement confirming the closure and transfer of funds. -
Your savings are held with a regulated UK bank that’s part of the Financial Services Compensation Scheme (FSCS), which protects eligible deposits up to £120,000. Your money is safe and secure.
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Payroll Savings is proven to build financial resilience, as it removes willpower from the equation. But you are welcome to keep what you have: Payroll Savings runs alongside it and moves money before it reaches your current account, so there’s less to think about.
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No fees, no charges. Everything you save is yours, plus interest.
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We offer consistently high rates: better than most high street current accounts and many standard savings accounts. Unlike limited-time offers, our rates are designed to stay competitive so you don’t need to chase deals.
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It’s completely up to you. You can start small: even £10 a month adds up over time. Most people on Payroll Savings save around £100 a month, but there’s no right amount.
You’re free to change or pause your savings whenever you like. The most important step is getting started and building the habit.
Try our savings calculator to see how much you could earn over time.
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We only collect the essential information needed to set up and manage your savings account, such as your name, date of birth, address and payroll deduction amount. This data is securely shared with our banking partner to open and maintain your FSCS-protected savings account. Your personal data is never shared or used for marketing purposes without your consent.
Let's get saving
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Let's get saving 〰️
Ready when you are
Sign up in about 2 minutes. You’re in control from day one.
Payroll Savings provided by Sync Savings, 33–35 West Bute Street, Cardiff, CF10 5LH. Savings accounts are provided by Griffin.
