How it works
Check whether your employer supports/offers Salary Finance.
Register and we'll take care of opening up your Coventry Building Society savings account for you. It's easy access so you can take money out online at any time.
Choose an amount you want to save each payday and it'll get deducted directly from your salary and put into your account. You can change the amount at any time.
Sit back and watch your savings grow.
Improve Your Financial Situation
Grow Your Confidence
Gain confidence knowing you're able to save more, and see your savings grow each month.
Separate Savings and Current Accounts
Keeping your accounts separate means you're less likely to dip into your savings. But you'll always have the security of instant access if you need it.
No. Payments will be made from your net pay after taxes have been deducted. Salary Finance payments are not a tax exempt benefit-in-kind.
Click the 'Sign in' button on the home page and enter your employer name. You will then be directed to a page specific to your employer. Go to the top right of that page and click ‘Sign In’. Follow the instructions on screen and you'll be emailed a link to reset your password. Please be aware that this will expire in an hour, so make sure you are able to complete the password reset within this time.
No. Salary Finance is a financial wellbeing company that offers employee benefits. Your online savings account is provided by Coventry Building Society and is FSCS* protected up to £85,000. Salary Finance work with your employer to transfer your savings contributions from your salary to your Coventry Building Society account. *Your eligible deposits held by a UK establishment of Coventry Building Society are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme.
The account is provided by Coventry Building Society and offers 2.95% AER*/2.91% gross p.a. (variable). * AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year. We pay your interest gross. The gross rate is the interest payable before the deduction of tax.
Absolutely. You can edit the amount you save every pay cycle and track how much you've saved on your Salary Finance account dashboard. Best of all, you can do this anytime and as many times as you'd like.
There is no charge for using Salary Finance to save directly from your salary.
You can access and track your savings directly through Coventry Building Society Online Services, including viewing all your transactions, and latest balance. Your Coventry Building Society account is instant access, so you can take money out at any point.
Payments are usually processed by Salary Finance the same day they are received from your employer.
The application is online. You need to check that your employer offers Salary Finance's Save product. To do so, return to our homepage and click 'Check Eligibility'. The application process usually takes 5-10 minutes.
Savings won't be tax-free. Deductions will be made from your net pay after taxes have been deducted. Salary Finance Save is not a tax exempt benefit-in-kind.