Help-to-Save accounts go live

2019-09-01T22:08:42+01:00October 29th, 2018|Categories: Personal Finance|Tags: , , , |

Many people on low incomes who wish to build up a savings pot can now register for a government-incentivised Help-to-Save account. The launch of the new account follows an eight-month trial, with over 45,000 customers who deposited over £3 million. The new scheme is easy to use, flexible and secure, will help those on low incomes build up a 'rainy day' fund, and encourage savings behaviours and habits. How much is saved and when is up to the account holder, and they don't need to pay in every month to get a bonus. The scheme, administered by HMRC, will be [...]