The Savings Charter is a set of commitments that savings providers such as banks, building societies, credit unions and other Fintech organisations have signed up to, in order to help raise the profile of savings in the UK. It is part of the Money and Pensions Service’s UK Strategy for Financial Wellbeing.
The five commitments are:
- Publicly demonstrate a commitment to build financial security through savings
- Support individuals to save by understanding their financial situation and goals
- Give people access to their savings buffer when they need it
- Keep customers informed about their savings and their options as customers
- Talk about saving in your local communities, and places of education and work
