Some of Britain’s biggest retail firms, including Ryman, have thrown their support behind retailCURe, a new credit union, supported by RetailTRUST, which enables retailers to ensure that their employees can access responsible and affordable credit and savings products.
RetailCURe is reaching out to all 4.5 million retail employees in the UK, offering market-beating rates on savings accounts; 1% on instant access, 2% on 6 month accounts and 3% on one year deposits. Savers can deposit a maximum of £15,000 in these strictly limited issue accounts.
Speaking of the launch, Theo Paphitis, Non-Executive Director, retailCURe and Chairman, Theo Paphitis Retail Group, commented:
“RetailCURe is a personal finance game changer for people working in the retail industry. It’s an opportunity to avoid the clutches of payday lenders by having access to low interest rate loans and is a mechanism to save regularly, which for some, is a first.”