Maidstone Borough Council are helping their employees save and repay loans simply and easily through payroll.

Enhancing Financial Wellbeing with Maidstone Borough Council

Wave Community Bank is thrilled to be in partnership with Maidstone Borough Council for our Workplace Savings Scheme, Chorus. With this scheme Wave Community Bank prioritise the financial wellness of Maidstone Borough Council’s staff, empowering them to achieve their financial goals and navigate their financial journey with confidence.

About Maidstone Borough Council

The Borough of Maidstone, situated in Kent, England, holds the distinction of being a local government district granted borough status. Its geographical expanse predominantly extends to the east and south of the town of Maidstone, encompassing territories extending northward to the M2 motorway, eastward along the M20 to Lenham, southward to include areas such as Staplehurst and Headcorn, and westward toward Tonbridge.

Comprising a total of 55 councillors, the Borough Council serves as the governing body, representing constituents from 26 wards. Among these, twelve wards are situated within the urban perimeter of Maidstone, namely Allington, Bridge, Downswood & Otham, East ward, Fant, Heath, High Street, North ward, Park Wood, Shepway North, Shepway South, and South ward. The remaining 14 wards predominantly cover rural districts.

Maidstone Borough is recognized as a highly desirable locale for residency and employment, boasting commendable metrics such as robust employment rates, relatively low instances of adults claiming incapacity benefits, and a higher proportion of residents holding degrees compared to the regional average of the Southeast. The Borough also experiences a notable influx of commuters compared to outbound commuters. Diverse in its economic landscape, the Borough hosts a multitude of small and medium-sized enterprises, with notable concentrations in professional services such as law and accountancy, as well as the construction sector. Notably, Maidstone emerged as the premier choice for business establishment in a 2010 study assessing favourable business locations within Kent.

Wave Community Bank Partnership

Wave Community Bank is proud to partner with Maidstone Borough Council to offer Chorus, a comprehensive Workplace Savings Scheme designed to bolster the financial wellbeing of council employees. This partnership reflects our shared commitment to supporting the local community and fostering holistic financial health.

Benefits of Chorus

Chorus provides Maidstone Borough Council employees with a range of benefits aimed at improving their financial wellness:

1. Affordable Loans: Through Chorus, employees have access to affordable loans, helping them meet their financial needs with flexibility and ease.
2. Seamless Savings Options: Chorus integrates directly into the council’s payroll system, making it convenient for employees to save directly from their wages.  Whether saving for short-term goals or planning for the future, Chorus makes saving simple and accessible.
3. Financial Education Resources: In addition to financial products, Chorus offers a wealth of financial education resources. From budgeting tips to investment strategies, employees have access to the knowledge and tools they need to make informed financial decisions.

Empowering Financial Wellness

By offering Chorus, Maidstone Borough Council demonstrates its commitment to the financial wellbeing of its employees. This partnership goes beyond traditional benefits, providing staff with valuable resources and support to enhance their financial literacy and security.

Our Commitment

Wave Community Bank is dedicated to our partnership with Maidstone Borough Council and is proud to witness the positive impact Chorus is having on their team. We remain committed to supporting the council’s efforts to promote financial wellness and look forward to continuing to make a meaningful difference in the lives of their employees.

Affordable loan rates with Chorus